eCommerce

  • PayPal continues to see strong revenue growth

    PayPal continues to see strong revenue growth

    PayPal reported fourth quarter earnings after the bell on Thursday, and they were just what investors were expecting. The stock was flat in initial after-hours trading. Revenue came in at $2.98 billion, which is on par with analyst estimates and a 17% increase from last year. Adjusted earnings per share was 42 cents, which is also what Wall Street was forecasting. Total payment volume was… Read More

  • EBay meets investor expectations for holiday quarter

    EBay meets investor expectations for holiday quarter

    EBay reported its fourth quarter earnings for the bell. Investors were closely watching the holiday quarter to see if it met expectations, which it did. The stock rose 7% in initial after hours trading. Gross merchandise volume, a metric of that shows the total dollar value of all purchases on eBay’s platforms, came in at $22.3 billion, when analysts were expecting $22.4 billion. Read More

  • eBay takes on fashion resale startups with launch of authentication program

    eBay takes on fashion resale startups with launch of authentication program

    Ebay is not taking the rise of fashion resale businesses targeting high-end clientele lying down. The over 20-year old marketplace today announced the launch of a new authentication program, called simply eBay Authenticate, which will allow sellers to opt in to have their goods verified. Buyers will be able to see that the items will be authenticated when viewing listings – a move… Read More

  • Stadium Goods raises $4.6 million to sell sought-after sneakers and streetwear

    Stadium Goods raises $4.6 million to sell sought-after sneakers and streetwear

    When Stadium Goods opened shop in New York’s Soho district in 2015, it looked like an Apple-inspired spin on the consignment shop, appealing to men in search of authentic, collectible sneakers and streetwear. In the short time since it started, Stadium Goods has evolved into an online brand with distribution of its “authenticated” kicks, and a branded presence everywhere… Read More

  • Crunch Network

    11 trends that will shape Southeast Asian eCommerce in 2017

    The Lazada-Alibaba deal, Alibaba’s largest overseas acquisition to date, is a pivotal event for Southeast Asia and its implications span the entire commerce value chain from digital advertising, logistics, finance, insurance to even healthcare. Read More

  • Amazon launches its newest private label, Wickedly Prime

    Amazon launches its newest private label, Wickedly Prime

    Amazon’s push into the private-label business continued this month, with the launch of its latest brand, Wickedly Prime. Unlike Amazon’s more recent entries in the private label space, such as Happy Belly, Mama Bear and Presto!, Wickedly Prime is the first brand since the debut of Amazon Elements two years ago to make its affiliation with Amazon known. This represents a… Read More

  • Munchery tries to win over commuters with a pop-up shop in San Francisco

    Munchery tries to win over commuters with a pop-up shop in San Francisco

    Food delivery startup Munchery is trying its hand at brick-and-mortar sales, opening a pop-up shop in San Francisco that we spotted this week. In the competitive and cluttered market for online food delivery, Munchery is distinct in that it sells chef-prepared meals that just need to be heated, or meal kits with recipes and pre-measured ingredients to its members and other… Read More

  • AI-powered virtual assistant, Mezi, pivots to focus on travel

    AI-powered virtual assistant, Mezi, pivots to focus on travel

    A startup that originally launched as an AI-powered virtual assistant, Mezi, has pivoted to focus on travel only. And why not? There’s little to do online that’s more annoying than booking flights, hotels and everything else you need just to take a break, or be somewhere for work. Mezi’s newly designed app allows users to find and book flights and hotels and make… Read More

  • Alibaba smashes its sales record on Singles’ Day, but growth is slowing

    Alibaba smashes its sales record on Singles’ Day, but growth is slowing

    It’s November 11 — 11/11, or Singles’ Day — which is China’s biggest shopping day. A day for records. A big promotion day for Alibaba, which surpassed its sales total from last year’s event despite concerns around how sustainable its sales growth is. Read More