Around the Ecommerce world in 5 mins

Ecommerce is changing everyday, and sometimes by the minute. So many new ideas and developments everyday, becomes hard to keep track.

We bring to you a curated digest of ecommerce developments/happenings around the world, compiled from various publications across the Internet.

Amozon,Alibaba and Rakuten: who is winning the globle E- Commerce game ?

Amazon has been an ecommerce powerhouse in the West, while its two Asian counterparts – Alibaba in China and Rakuten in Japan – have been growing rapidly. Should Amazon fear their entry into the global ecommerce market? Like most U.S. companies who are leading the way in their own field, Amazon has been considered the number one ecommerce platform by many businesses worldwide. While the ecommerce behemoth is wooing more and more non-Americans, it has two formidable competitors in Asia: Alibaba in China and Rakuten in Japan.

Etsy Starts Tear by Testing Search

Etsy initiated some tests of its search feature this month, but it will be difficult to see since some shoppers will be included in the testing and others will not. The tests will tailor search results to individual shoppers based on their history on Etsy, explained Jaime DeLanghe in an announcement on Thursday. The goal of the testing, she explained, is to identify signals that best match individual shoppers to individual items.

Nestle increasesgloble ecommerce capabilities

Nestlé has revealed a partnership with Alibaba in China to strengthen its ecommerce capabilities globally. The partnership will help the manufacturer grow online sales, build key brands and offer new products to millions of customers.  Nestlé will use Taobao.com – the largest online shopping site in China and owned by Alibaba – to expanding its offering to customers in rural areas.

PayPal Grows Revenue 21 Percent in forth Quarter 2015

PayPal reported a stronger fourth-quarter performance than its former owner eBay after the breakup last year. It grew revenue 21 percent FX-neutral to $2.6 billion, and it announced a $2 billion stock repurchase program. In a press release, PayPal CEO Dan Schulman said, “We exited 2015 with great momentum. Our strong results reflect PayPal’s progress in delivering on our strategy to drive the digital payments revolution.”

Amozon Acussed of Divulgin aCostmers account Info

An Amazon customer says the company’s customer service reps divulged his information to a hacker who was able to use that data to trick his bank into issuing a new copy of his credit card. Tech publications are running wild with the story, which the customer posted on Medium.com – possibly in part because he was a software developer who said he followed best practices such as using unique passwords, two factor authentication, and a secure computer.