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Top Ideas on Global Retail and Tech

FBIC TOP 20 RETAIL & TECH TRENDS
1. Ecommercification: More Convenient Payment
2. In-Store Shopping Becomes More Purposeful
3. Webrooming
4. Increasingly Personalized Shopping
5. At-Home Beauty Devices Limit Salon Visits
6. Geofencing and Beacons Enable Location-based Marketing

Doing Business in China

$1.63 billion in sales are made in the first 38 minutes
• 42.6% of sales are made via mobile devices
• The first domestic order is delivered in 15 minutes
• The first cross-border order is delivered in 2 hours
• In 2014, Alibaba offered an 11.11 shopping festival to global shoppers

Amazon Prime Day Report #4: Moment of the truth… recap

“Thank you to the hundreds of thousands of new members who signed up on Prime Day, and our tens of millions of existing members for making our first ever Prime Day a huge success,” said Greg Greeley, Vice President of Amazon Prime, at the conclusion of Amazon’s inaugural Prime Day 24-hour super sale.

Amazon Prime Day Preview

Last week, Amazon announced that it is designating July 15 as Prime Day, set merely 6 days before its potential strong competitor jet.com’s July 21 launch date. Amazon Prime Day will be a global shopping event exclusively for Amazon Prime members who will be able to shop new deals offered every 10 minutes.

Alibaba Announces Investment in Mei.com to Expand its Presence in Luxury

In one day, Alibaba announced two investments, totaling at least US$300 million, that enable the company to accomplish two separate but significant goals: to move up the value chain to integrate luxury products and flash sales into its Tmall.com site and to continue its geographic expansion by increasing its investment in SingPost, the leading mail-delivery company in Singapore.

Alibaba Announces Investment, Agreements with SingPost to Expand its Presence in Logistics

In one day, Alibaba announced two investments, totaling at least US$300 million, that enable the company to accomplish two separate but significant goals: to move up the value chain to integrate luxury products and flash sales into its Tmall.com site and to continue its geographic expansion by increasing its investment in SingPost, the leading mail-delivery company in Singapore.

Amazon Prime Day

To celebrate its 20th anniversary, Amazon announced that it’s designating July 15 as Prime Day, an exclusive, global shopping event for Amazon Prime members. Prime members in the US, UK, Spain, Japan, Italy, Germany, France, Canada and Austria will be able to shop new deals, offered every 10 minutes, across a dozen categories, starting at midnight on July 15.

Amazon Prime Now Is Here Now!

Amazon UK has brought its one-hour delivery service, Prime Now, to London. Over in the States, shoppers in 14 metropolitan areas are already able to get their hands on Amazon purchases within an hour. We have tried this service and were very impressed! Now, Londoners too can get their goods delivered within 60 minutes of placing an order on the dedicated Prime Now app. The service is offered across 57 central London postcode areas, from Bow in the East End to Park Lane in the West.