Amazon is the undisputed king of the e-commerce market, especially here in the West. However, a new startup known as Jet may be the closest thing to a real competitor that Amazon has seen in a while, especially considering it was founded by a former Amazon executive. The startup’s Insider program has been very promising,… Continue reading Jet is a startup that wants to beat Amazon at its own game
Category: E-commerce
Wooplr raises $5 million to blend e-commerce and social networking
E-commerce and social networking are quickly becoming two peas in a pod. One of the companies helping to blur the lines between the two is Wooplr, an Indian startup founded by four former McAfee employees that helps people discover clothes and food that they like through the company’s app. In order to help expand, the startup… Continue reading Wooplr raises $5 million to blend e-commerce and social networking
Pinterest is preparing to delve into e-commerce
Pinterest’s potential as a shopping destination has been recognized by many and rumors that the company will be adding shopping features have been popping up for a while now. Now Re/code has information from multiple sources that suggests that the company is currently in the process of laying down the groundwork for these features which… Continue reading Pinterest is preparing to delve into e-commerce
Jet.com got valued at $600 million before it even launched
Jet.com has managed to secure more than $140 million in funding, giving the startup a valuation of around $600 million, which it plans to use to launch its online e-commerce marketplace. Notice how I said it “plans” to launch the marketplace? That’s right. Jet.com managed to raise more than $140 million in funding without releasing a product. … Continue reading Jet.com got valued at $600 million before it even launched
E-commerce in China will reach one trillion dollars by 2019
Thanks to the rapid grown of smartphone adoption in China and the nation’s improving logistics networks, Forrester has reported that online spending in China will reach one trillion dollars by the year 2019. China is already world’s largest online retail market but these numbers are just ridiculous, but with more than a billion people what do you… Continue reading E-commerce in China will reach one trillion dollars by 2019
China’s e-commerce market raking in more than $2 trillion last year
The e-commerce market has been exploding in China recently, that’s no secret, but the numbers are still impressive. According to the country’s Ministry of Commerce, China’s e-commerce market managed to accumulate more than $2 trillion in transactions last year. According to a new report from China’s Ministry of Commerce, the Middle Kingdom’s ecommerce markets racked up… Continue reading China’s e-commerce market raking in more than $2 trillion last year