Who acquired what? What happened during Prime Day? Who's testing out same day delivery? Let’s get down to what happened in commerce and tech news in the last week. This post is curated to help tune-out some of that noise and turn it into information that matters.

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WHAT'S GOING ON IN COMMERCE THIS WEEK?

 

eBay Purchases Qoo10 for $573 Million

Even while some reports are saying that eBay isn't doing well after a tough quarter this year, that isn't stopping them from changing the game overseas. According to filings, eBay bought the Japanese ecommerce platform, Qoo10 for over half a billion dollars. Even being in second compared to Amazon, eBay has a lot of catching up to do. This filing showed that the purchase was in February, but the pricing was only revealed just recently. This deal shows how eBay is now working on more targeted opportunities.

Read More on TechCrunch

Amazon Prime Day Boosts Sales for Large Retailers

By how much? 54% actually. Adobe Analytics found that sales at large retailers increased by 54% compared to an average Tuesday, while niche retailers saw a 18% decrease in online sales. Competitors took the opportunity to have sales as well, but it didn't stop the average orders at Amazon from doubling, even with the glitches.

Read More on RetailDive

H&M Testing Out Same Day Delivery in Germany

This isn't a delivery service that H&M currently offers anywhere at the moment. This specific service is being tested in Berlin and can only be done with orders received before 10am. It would then be delivered between 7-10pm the same day for only 5.99 euros. This comes after H&M has received many complaints in Europe about slow delivery and not meeting expected dates.

 

Read More on eCommerceNews Europe

Alibaba Makes $1.43 Billion Bid For Digital OOH Ad Tech

Alibaba has a made a bid for a 6.62% share in Focus Media. This digital out-of-home advertising company is based in Shanghai. So what does Alibaba need with that kind of technology? It's part of their 'New Retail' strategy that looks to integrate the best aspects of offline and online commerce. 

Read More on MarketingTechNews

 


WHAT'S HAPPENING AT SMITH THIS WEEK

 

FUTURE OF COMMERCE: WALMART'S AUDIO PATENT AND TOMORROW'S AI CULTURE

The story on Walmart's new patent really struck a chord with us. We decideed to do a dive into some of the concerns with this patent in commerce and our view point on the whole thing. Is it really as creepy as the article makes it seem? Probably. Read more

SMITH'S GUIDE TO: COMMERCE FOR MANUFACTURERS

If you’re one of the 60% of US manufacturers without an ecommerce platform, you’re missing your share of nearly $1 trillion in B2B ecommerce transactions this year. Take the next step in your transformation today. Read it here

 


WHAT’S NEXT?

 

If you’d like to discuss these topics further, SMITH can help.

Whether you’re exploring an evolution in your approach to selling by moving to pure ecommerce or a hybrid approach, looking for an edge in operations optimization with augmented reality, or ready to deploy intelligent replenishment for your customers, we can help.

LET'S TALK

 

Tags: Commerce, ecommerce, Weekly News, Strategy and Intelligence, Commerce News