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.

Alibaba reports revenues are up 60% year on year

Alibaba has reported excellent results for the first quarter of 2017 and the full year to the end of March. The company reported revenue of RMB38,579 million (US$5,605 million), that’s an increase of 60% year-on-year. The number of active buyers the Chinese retail marketplaces reached 454 million for the year. On the back of the results, the company has announced a US$6 billion stock repurchase plan. You can read the full results here.

Freebies you’ll lose when you migrate to eBay’s Seller Hub

As you start to migrate to the new eBay Seller Hub from eBay’s TurboLister, Selling Manager and Selling Manager Pro, there are a number of free features which you might end up paying for. Frankly, some of the features we’d probably recommend that you don’t use anyway but here’s what you need to be aware of.

40% of online groceries in UK made on mobile

About 40 percent of all online grocery purchases made in the United Kingdom are done using a mobile phone. Online grocery shopping in the UK is also quite popular, as 7 percent of all grocery shopping is done online. That’s more than Spain, the Netherlands and the Czech Republic combined.

Will fees become a new Marketplaces battleground?

During the Marketplace Madness session at ChannelAdvisor Catalyst this week some of the newer marketplaces in attendance made the point that one of their advantages was that they were cheaper than the big players eBay and Amazon. Indeed recently, we’ve written about Pricesearcher (not strictly a marketplace) and Buuy which make a merit of being free for sellers.

Walmart online sales jump 63% year on year

US retailer Walmart, who also run a successful marketplace service for third-party sellers, has reported stunning results for the first quarter of 2017. The period saw a 63% leap in online sales over the period year on year. The total value of sales increased 69% on the same terms.