At the end of 2020, the five-year-old Chinese shopping app Pinduoduo had 788.4 million users and more than $9 billion in annual revenue. Pinduoduo’s incredible growth may provide some insights into the future of ecommerce.
“When Pinduoduo launched in 2015, there was little room for a new commerce platform in China. Two major ecommerce platforms, JD and Alibaba sub-brands Taobao-TMall, dominated online commerce in China, much like Amazon dominates in the U.S. During that same year, JD and Taobao generated a combined $433 billion of gross merchandise value. And yet, five years later, Pinduoduo is defying expectations,” wrote Anu Hariharan and Nic Dardenne for start-up accelerator Y Combinator.
Privé Revaux Joins Radial's Fulfillment Network to Meet Increased Ecommerce Demands | State |
KING OF PRUSSIA, Pa., May 3, 2021 /PRNewswire/ -- Radial, a bpost group company, the leader in ecommerce solutions, today announced that eyewear designer, Privé Revaux has selected Radial's fulfillment and transportation services to support the company's rapid growth.
Since launching in 2017 via ecommerce and direct-to-consumer, Privé Revaux has focused on providing quality, affordable eyewear to consumers. With the onset of the pandemic, the company experienced tremendous growth especially in the online channel. Unlike other retailers however, the success and momentum seen online has spurred additional growth in brick-and-mortar.
Ecommerce Product Releases: May 2, 2021 | Practical Ecommerce
Here is a list of product releases and updates for late April from companies that offer services to online merchants. There are updates on storefronts, payment services, tax compliance, fraud protection, and virtual photo and video shoots.
Mailchimp introduces Stores and Appointments . Mailchimp has launched two free commerce features as part of its marketing platform: Stores and Appointments. Stores will enable merchants to create an online storefront, add and edit products, process orders, and configure payment, tax, and shipping. Appointments will allow businesses to book and manage services online. Both products offer direct access to Mailchimp's marketing platform to find, build, and engage with consumers.
eCommerce fraud losses to surpass $20 billion this year - Help Net Security
The value of losses due to eCommerce fraud will rise this year, from $17.5 billion in 2020 to over $20 billion by 2021; a growth of 18% over a single year, according to a study from Juniper Research.
The research found that fraudsters have targeted consumers as they have increased their eCommerce use; exposing insecure fraud mitigation processes from merchants who are unfamiliar and unprepared for the continuing fraud challenges in this market.
Wirecutter Debuts New Sections, Styles and Trends, to Capitalize on Ecommerce Boom
The ecommerce boom heralded by the stay-at-home orders of 2020 has encouraged publishers to lean more intently into affiliate programs, including The New York Times' Wirecutter.
TrovaPage Seeks To Make Yoga Teachers, Musicians, Math Tutors E-Commerce Entrepreneurs
Yoga teacher Apsara Vydyula said she has been able to offer her classes to customers around the ... [+] world using the online marketplace TrovaPage.
TrovaPage, an online marketplace that announced its public launch last week, wants to make it easier for yoga instructors, piano teachers, math tutors, and other creators and service providers to be e-commerce entrepreneurs.
TrovaPage is aiming to do for the experience economy what Shopify did for sellers of physical goods like sneakers or skateboards, by giving artists and teachers the tools needed to connect with customers online.
Mailchimp to add stores and other ecommerce tools to its platform - ThePaypers
The Stores product will enable merchants to create an online storefront, add and edit products, process orders, and configure payments, tax, and shipping. Appointments will allow businesses to offer services bookings online and manage their schedule. Stores is rolling out in beta now and will be available to all US and UK customers by mid-May 2021. Appointments will be available to all at the end of April.
According to the company, having commerce and marketing functionality in Mailchimp helps small businesses and entrepreneurs leverage data from marketing interactions to understand who to target, how to generate traffic to their store or service, how to convert customers, and how to drive repeat business. Mailchimp integrates with ecommerce platforms like WooCommerce, BigCommerce, Magento, Ecwid, Big Cartel.
Good news keeps coming for UPS as ecommerce growth continues
At United Parcel Service Inc. (UPS), the carrier’s exceptional ecommerce-driven sales and earnings growth from 2020 continued during the first quarter of 2021, which ended March 31.
H2 Brands Group Launches New B2B eCommerce Site on Unilog Platform - MyChesCo
WAYNE, PA — Unilog , the leading provider of powerful, affordable eCommerce solutions to midmarket businesses , announced that H2 Brands Group , a leading national consumer products company, has launched its new B2B eCommerce site on Unilog's digital commerce platform.
With 23 brands under management today, H2 Brands Group's core product categories include consumer electronics, paint sundries, hardware, home environment , and plumbing products. As part of the new eCommerce site launch, their sales professionals can now log into the site as one of their customers and help them build a cart of recommended items for purchase.
No comments:
Post a Comment