Amazon.com has toppled from the top spot, after it was announced that Alibaba has been named as the largest online retailer in the world.
Alibaba will start trading on the New York Stock Exchange later today – placing the China-based business at a valuation of £101 billion – exceeding Amazon’s market capitalisation of £91 billion.
This marks Alibaba’s pricing as a significant milestone across the ecommerce sector, with the States renow ...read more
A TV show in Italy has persuaded Pope Francis into parting with his white skull cap – with the item attracting €100,000 in less than 24 hours after being listed on eBay.
Host of satirical show Le lene (The Hyenas) made sure he was up early in order to get front row seats for one of the pope’s regular appearances in the Vatican City; and after accosting the pope, successfully convinced him to hand over his cap in exchange for a completely new white skull cap ...read more
Yesterday saw JD Sports celebrate online usage, noting its contribution to increasing sales and turnover in the first half of 2014.
The sports retailer highlighted strong sales both in the UK and in Europe, recording operating profits of £34.8m – up from £26.1m during the same period as last year. Meanwhile, the outdoor business displayed “positive progress” with operating losses down to £5.6m (compared to £8.9m from the same ti ...read more
Listings for iPhones on eBay have been infected with cross site scripting (XSS) malware that if clicked on, can result in users being redirected to a fake eBay login page.
eBay stated: “The eBay corporate network has not been compromised. This appears to be a case of abuse by a user who placed malicious links within a few product listings on eBay.co.uk. We take the safety of our marketplace very seriously and remove listings that are in violation of our policy on thir ...read more
London’s public transport system is hoping for a speedy improvement with Barclaycard, with commuters now able to use their contactless debit or credit card when taking the Tube, Overground, tram, DLR and some of the major national rail services as well as buses in a bid to simplify travelling round the city.
As of today, the UK’s capital can celebrate the launch of contactless payments throughout the city’s transport network along with Barclaycard’s offer to 10,000 London commuters to acquire a bPay band for a quicker and easier journey to work – eliminating the need to use their credit card, debit card ...read more
Yesterday saw ASOS announce its full-year sales figures – missing its £1bn milestone for 2014 due to the fire that halted operations at the online fashion powerhouse.
ASOS had impressed the industry with sales of £975.5m in the year leading up to August 31, but fell £25.5m short of its target after a fire broke out in the company’s Barnsley warehouse back in June.
Nick Robertson, chief executive of ASOS, is hopeful that the company can regain its momentum: “We rem ...read more
With eBay’s database containing the details of its millions of customers (along with an impressive 260 million app downloads worldwide), the online auction marketplace has decided to take advantage of this data and launch a new service known as eBay Mobile Advertising.
Offering advertisers the opportunity to target buyers who currently use eBay apps when shopping on their mobile devices, eBay Mobile Advertising is designed to be a “native experience” – with eBay highlighting how its ad campaign differs from others: “eBay is one of the only ...read more
Following the recent announcement of Apple Pay last week, PayPal has upped its rivalry to new levels and gone to war with the Cupertino-based company – taking out a full page advert in The New York Times to warn customers to question Apple’s so-called security methods after photos were stolen from celebrity iCloud accounts.
PayPal going on the offensive comes as no surprise says various industry experts, as this places Apple as a direct competitor of mobile payments.
The ad’s tagline reads as follows: “We the people want our money safer than our selfies. PayPal, protecting the people economy,” referencing what Apple sta ...read more