Hi, Hey, Hello, Howdy! Welcome back to this weeks edition of eCommerce News. News this week feature Amazon… No surprise there, Chinese eCommerce, Revel Systems and more! If you’re reading the news for the first time you might want to check out the previous editions of ecommerce news.
Sit back, relax, and enjoy the news! :)
Bezos Leaps the Koch Brothers to Become Third-Richest Person in U.S.
The founder and CEO of Amazon, Jeff Bezos has just become the 3rd richest man in the USA. He ranks only behind Bill Gates and Warren Buffet. Amazon’s shares have surged above $600 in the past week. This just another indicator of Amazon’s immense growth and dominance over the last year. The eCommerce giant is just continuing to grow, and it’s starting to get scary at what rate.
Check out the full story here: http://www.bloomberg.com/news/bezos-leaps-to-third-richest-in-u-s-as-amazon
11 things Amazon shut down without you noticing
While we’re on the topic of Amazon, the retail giant has been getting involved in many different projects. Listing all the industries that Amazon is in would take a while, but you get the idea, they do a lot of different things! Well, how much do you really know about Amazon? Did you know about all these ventures that Amazon started and shut down? Well, I certainly didn’t. It’s interesting to see how Amazon is testing the waters with different ideas such as the Fire Phone (which failed). But did you know about Amazon Destinations, Music Importer, Test Drive or WebPay? Check out the article on The Verge to see a list of some of the project Amazon shut down recently.
Check out the full story here: http://www.theverge.com/2015/10/25/amazon-shuts-down-a-lot-of-things
The digital future of consumer-packaged-goods companies
Recently, McKinsey released a great article about the eCommerce future of customer-packaged-goods (CPG). If you are not familiar with the term, CPGs are consumable goods such as food, beverages, footwear, tobacco and cleaning products. The CPG industry hasn’t been investing as much in new technologies, with only a handful of companies front-running the industry in eCommerce. In the article McKinsey claim that the CPG companies are at a eCommerce tipping point. We have to wait and see if their theory is right.
Check out the full story here: http://www.mckinsey.com/the-digital-future-of-cpg
‘In China you have to use it’: How WeChat is powering a mobile commerce boom
You’ve probably heard of WeChat right? The messaging app that’s really big in China. Well, it’s not only a messaging app, WeChat is also eCommerce. WeChat allows users to hail cabs, buy tickets, book doctor appointments, customize and order your own Nike shoes, the list goes on and on. You get the idea, it does A LOT of stuff. With mobile comprising almost 50% of all eCommerce sales in China, and WeChat having over 600,000 monthly active users the company is bound to dominate mCommerce in China and maybe even worldwide.
Check out the full story here: http://digiday.com/brands/wechat-mobile-commerce/
Point-of-sale system Revel will now build branded mobile apps for merchants
Revel Systems, the point of sale system for iPads company will be launching branded mobile apps. The new app-building service will let merchants create mobile marketplaces. Through the apps, merchants will have deeper insights into their customers. Revel is one of few point-of-sale companies that provide mobile app services, this should put them ahead of their competition.
Check out the full story here: http://venturebeat.com/revel-systems-will-now-build-branded-mobile-apps