The valuation battle over tech companies continues — this time, and most recently, in India. The Wall Street Journal reported Wednesday (March 2) that investors backing the nation’s biggest eCommerce company, Flipkart, have slashed estimations of the company’s valuation, sending yet another shot across the...
Prime Now is very much on the rise, according to a recent survey. StreetInsider shares the findings from a Cowen study indicating that Amazon’s one- to two-hour delivery service was used by 25 percent of U.S. Prime subscribers in Jan. 2016. Writing in the survey,...
Alibaba is reportedly after a $4 billion loan from banks as it seeks backing for its expansion plans, according to unnamed sources who spoke to The Wall Street Journal. The news hints at what’s next for the Internet giant, which could include further acquisitions that Alibaba...
Checkout friction and shopping cart abandonment is estimated to be a $4 trillion problem plaguing online merchants today. Or so estimates say. Regardless of the specific figure that problem actually amounts to, there’s one thing everyone in the payments industry can agree on today: there’s too...
Google’s site for comparison shopping is closing its (virtual) doors. Google’s parent company, Alphabet Inc., announced in an email to partners on Monday (Feb. 22) that Google Compare — which allowed online shoppers in the U.S. and U.K. to evaluate offers from auto insurers, mortgage lenders...
While online marketplaces like eBay are some of the only places to find the rarest items in the world, shipping delays can still make the whole process feel less efficient for buyers and sellers alike. At least, with some updates to eBay’s seller ranking system...
Research shows that women sellers on eBay are paid significantly less than men. According to a new study in Science, female sellers typically receive $0.80 on the dollar when compared to their male counterparts, CNNMoney reported late last week. Nearly 1 million auctions were analyzed from 2009 to...
Could Alibaba be gunning for Groupon? As numerous outlets have noted, the eCommerce firm has acquired a 5.6 percent stake of Groupon, doing so through the open market, and Groupon learned of the buy through regulatory filings disclosed just last week. Speculation in the financial...
Is Groupon headed for a comeback? While it’s too early to tell as Groupon is still in an adjustment period, Groupon posted better-than-expected fourth quarter earnings, which sent its stock soaring around 20 percent in after-hours trading. The first earnings report under its new leadership —...
