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Are you aware of what happened in e-commerce? Weekly News: 11 Nov – 18 Nov

Hello e-commerce followers! We are approaching very exciting dates for e-commerce. Black Friday is around the corner and all participants in the market are getting ready. Are you too? We will publish a post about how to prepare for it next week. But now it is time to know what happened last week in this exciting world!

  • Singles Day wasn’t the only event this last 11 Nov. In Indonesia the e-commerce business Lazada launched the Online Revolution Day, aiming to reach a similar success to Alibaba with the Singles Day. Read more here.
  • 61% of UK retailers think Black Friday is not profitable. The sudden increase of volume and the need to offer high quality service results in higher costs. Read more here.
  • On the other hand UK shoppers love it, and more than 26% of shoppers plan to buy something during Black Friday. Read more here.
  • Chinese buyers are not happy with delivery services when they buy from abroad. 67.7% say delivery times are too long and 16.9% say there is not a legitimate way to return or exchange purchased goods. Read more here.
  • Traditional ads in newspapers and magazines are decreasing in China while Internet ad spending is rising 24% in Q3 compared to the same quarter in 2015. Read more here.
  • 70% of buyers choose to pay in cash for their online purchases in India. This is something hard to solve for e-commerce business, especially now that the government has decided to demonetize RS 500 and RS 1000. Read more here.
  • The China packaging sector is facing fierce competition that is reducing margins and profits. Read more here.
  • In the US, package carriers are increasing in order to satisfy the increasing demand of e-commerce. Companies like FedEx and UPS are working to offer the quickest service. Read more here.
  • Citibank offers mobile payment. Due to the growth expectation of this method of payment, they have decided to offer this new service that will allow their customers to pay online in online stores with apps just by using their Citibank user ID. Read more here.
  • Business Insider offered their readers an interesting analysis of what Donald Trump winning could mean for e-commerce. Read it here.
  • Mohamed Alabbar, Saudi sovereign wealth fund and other Gulf investors announced the launch of an e-commerce site in which they have invested $1 billion. Though at first they want to focus on Saudi Arabia and the United Arab Emirates, their objective is to become an important world player in the near future. Read more here.
  • The Government of Nigeria is working on a legal framework for e-commerce. You also can read our report about Nigerian e-commerce here.
  • Did you know that online retail penetration is just at 3% in Southeast Asia? Forbes’ contributor Bain Insights analyzes that market in this interesting article.
  • Mobile money and payment through mobile devices are the future of e-commerce in Africa. This is what eCommerce MoneyAfrica Confex is about. Visit their site here.
  • The important e-commerce platform in Nigeria ng will try to take advantage of this by promoting products made-in-Nigeria. Read more here.
  • Zalando’s quarterly sales rose 17.1 percent and they forecast them to come in at the upper end of 20-25. Read more here.
  • We found this interesting article about how Singles Day changed the world of marketing agencies in China.
  • Excited about the holidays approaching? Practical Ecommerce has published some valuable tips to get the most out of your ads during this hard-selling period. Read them here.
  • Also in Prisync we talked about Competitive Pricing Intelligence: What’s in it for whom? and in the guest post we had Justas Markus giving us 3 Practical Dropshipping Tips for New eCommerce Retailers.

We hope you enjoyed reading this. We did when gathering the information and writing the article. As you can see, e-commerce is progressing every day. From technology to new customer taste trends, this business asks for changes almost every moment. Next week we will come back with more tips, news and insights about e-commerce, so don’t hesitate to come back to our blog to read about this awesome business sector.

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