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Cashback News: What’s up with China’s Singles Day promotion and sales projections?
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.
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Cashback News: Alibaba – All the global news, all the strategies
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…
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Cashback News – Sept 30: India’s E-commerce Game of Thrones Battle Heats Up on Walmart Rumors
The fast-moving Indian e-commerce marketplace heated up considerably with rumors that Walmart is negotiating to invest up to $1 billion in current e-commerce leader Flipkart. While some experts say Amazon is about to surpass Flipkart sales this year, Alibaba also has a small investment in third biggest e-commerce operator Snapdeal and is also looking for a way to…
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Cashback News – Aug 31: E-commerce driving Chinese economic growth in 2016
eMarketer reports China will become the largest e-commerce market in the world by the end of 2016, reaching $899.09 billion or 47% of all online sales. Online sales will hit $2.416 trillion in 2020 and mobile will account for 55.5% of all ecommerce sales in 2016 and reach 68% by 2020.
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Cashback News – July 13: What’s the magic to Alibaba’s global e-commerce success?
Like Amazon, Alibaba is a global e-commerce powerhouse. As with its competitor, Alibaba’s success is primarily driven by its CEO Jack Ma. It’s a fascinating company to analyze and we’ve got a roundup of recent news to keep you up-to-date on Alibaba’s growth, strategic directions and acquisitions. One of Alibaba’s key strategies is its “Iron Triangle” combining e-commerce,…
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Cashback News – June 16: China e-commerce grows despite soft economy
We’re overdue for an update on the China market and e-commerce, so here’s the latest news, highlights and developments. 13% of Chinese consumers spent more than $85.7 billion on cross-border e-commerce, reflecting strong interest in foreign products. Chinese authorities postponed a proposed cross-border e-commerce tax for one year to the relief of e-commerce companies and consumers.…
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Cashback News – June 13: Online payments news & trends
Today we’re looking at global online payment news, trends and new product highlights worth following if you are in e-commerce, retail marketing. VC SparkLabs Global’s Bernard Moon says watch for future financial technology disruption in cyber currency, business and consumer finance. VCs are starting to take notice of the financial tech industry with 2015 investments…
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Cashback News – May 19: What’s new in SE Asia e-commerce?
Developing markets of SE Asia are challenging, growing fast and filled with potential for companies who understand how to lead with mobile and tailor products and services to meet each of more than a dozen unique markets. Let’s look at the latest news highlights. After revisiting China, VC Cyriac Roeding reflects on China as Silicon…
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Cashback News – May 18: China e-commerce news roundup
Today, we’ve got a roundup of China e-commerce news, new developments and trends. According to Business Insider, Chinese e-commerce is growing quickly but still faces a big challenge of logistics and getting products to consumers in “the last mile.” Luxury products in China are growing leaps and bounds as the Chinese middle class grows even…