Alibaba has already racked up more than $1 billion in sales and more than $5.2 billion in the first hour with more than 84% of sales on mobile devices. 2015 Singles Day sales were $14.3 billion in China for one day alone. compared with a $5.8 billion in US Black Friday/Cyber Monday sales.
TechinAsia compares China's Singles Day 2015 sales of $14.3 billion with US Black Friday/Cyber Monday sales of $5.8 billion. Alibaba announced the promotion will run for 24 days instead of one day. Last year's Singles Day sales for Alibaba alone totaled $13.5 billion, up 54% from the previous year, and this year they expect 40,000 global companies to participate.
Leading into the critical US holiday shopping season, we've got our latest look at the e-commerce and retail news roundup. It starts with Adobe's 2016 Digital Insights Shopping Predictions for $91.6 billion in total sales and $1 billion online. According to McKinsey, 39% of US and 42% of UK shoppers will do the majority or all their shopping online this year.
We start with a report from eMarketer predicting e-commerce sales of $14 billion in 2016 for the region. Criteo says consumers used smartphones to complete the majority of mobile transactions in every Asia-Pacific market for the first time. Indonesian consumers used smartphones in 83% of transactions.
Holiday sales predictions? Adobe Digital Insights predicts 2016 online sales will be up 11%. 55% of US and UK retailers say Amazon will drive the majority of their holiday sales this year according to research by ChannelAdvisor and Morar Consulting.
Cashback News – Oct 17: Aiming for Amazon: Competitors looking for ways to beat the e-commerce giant
Look out Amazon! From Walmart and Jet.com to Target, Flipkart and even Macy's, competitors are looking for ways to beat you at your e-commerce game. Today, we'll look at how they're hoping to find any weak spots but they're going to have to work incredibly hard and move very fast to keep up with Amazon.
With total sales of 15.5 million products to more than 100,000 customers, Flipkart claimed to be this year's biggest Festival sales seller. Amazon sold more than 15 million products to come in a close second while Snapdeal said it sold more than 11 million products.
With Brexit inching forward, there's a mix of challenges and opportunities for merchants in other Western EU countries. 253 million EU consumers spent more than $210 billion online in 2015, up 5% over the previous year. A Payvision report says more than 10% of EU companies are restricted by regulations from selling cross-border. There's still work ahead for unified e-commerce.
Earlier this year, Nielsen published a valuable report called “Global Connected ...