Coming in as the biggest round of funding in an Indian internet company to date, e-commerce giant Flipkart has raised $1.85 billion from blue-chip technology companies eBay, Microsoft and Tencent.
Last week at Shoptalk, eBay shone the spotlight on some big changes rolling out in the next year, from fast and guaranteed shipping, to recent endeavours in artificial intelligence, fashion shows and ShopBot Beta.
That’s the prevailing theme at Shoptalk, a conference happening in March in Las Vegas, featuring a plethora of big name retail brands and technology players. Power Retail has the news on what the world’s major game changers are focusing on next.
This year eBay will be launching eBay Authenticate™, a new program designed to boost consumer confidence when purchasing high-end merchandise on the site.
A strong line-up of international and local e-commerce experts will present at this year’s Retail Global Conference. The event promises to be a live marketplace of e-commerce solutions and networking opportunities.
It’s clear that eBay’s e-commerce strategies over 2016 worked, as the company reported sustained growth across key metrics in its 2016 fourth quarter results.
According to research by Gartner, wearable devices sales will generate a total revenue of $28.7 billion in 2016. By 2017, there will be about 323 million units of wearable tech devices worldwide.
Online shopping marketplace eBay is forecasting that Monday 12th December will set new records for online and mobile shopping across Australia, with health, beauty and technology, expected to be the highest sellers for this year’s Christmas gifts list.
eBay has unveiled an emotionally powered pop-up shop, which uses biometric technology to read emotional cues from shoppers, to help them decide what they really want.
Online retailer The Blue Space is ramping up its customer service offering with virtual reality technology for shoppers to choose and buy bathroom designs.