Online market app 5miles, modeled after China`s Taobao, gains steam in the United States11 comments
Not lots of people bear in mind that eBay Inc. was the very first online marketplace in China and the biggest one prior to 2003. Alibaba Group`s market Taobao, a late individual, interfered with eBay s market in China by allowing sellers to list their items without any charges. Alibaba reported the total purchases on Taobao and Tmall had topped $448 billion in 2015.Read More
Online market to link Japanese artisans with Asian buyers9 comments
A new service will let crafters from Japan sell their handmade products to customers in other parts of Asia starting this fall. Japanese e-commerce platform iichi, a subsidiary of marketing gigantic Hakuhodo, will link sites with Pinkoi, a Taiwanese peer that does business on a wider scale in Asia. Pinkoi will buy about 100 million yen ($886,000) in brand-new iichi shares, ending up being the Japanese company's parent.
In Japan, iichi has some 20,000 sellers providing roughly 400,000 pieces of handmade precious jewelry and housewares. Pinkoi boasts about 2 million users, with a presence in markets such as Taiwan, mainland China and Thailand.Read More
Modigovt did ideal thing by legitimizing online 'markets',9 comments
The NarendraModi federal government s choice to permit 100 percent foreign direct investment (FDI) in online marketplace retailing, subject to some riders, is the right one for India. What this implies is that the future of Indian e-commerce will basically be foreign ownership, given that few Indian business groups have the deep pockets needed to sustain such low-margin and unpredictable client bases over continual amount of times.Read More
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