The impressive 40 percent Alibaba's revenue climb to $4.219 billion in its third quarter has not been enough for Wall Street, shares were down almost 10 percent at $88.75, wiping more than $25 billion of market value, as revenue were below the $4.45 billion that a consensus of analysts had projected.
France, the sixth biggest ecommerce market worldwide and third in Europe, behind Germany and the United Kingdom, is expected to grow by 10 percent this year.
Ulmart, Russia’s leading e-commerce company, confirmed past week that its plan to go public has been delayed from 2015 to 2016, led by the Ukrainian crisis, as chairman and co-owner Dmitry Kostygin explained.
German yStats.com, released its “Global Clothing B2C E-Commerce Market 2015” report on Monday, showing two main results for clothing online market segment: Its disputed first position between consumers purchases with electronic consumer goods, and the symbiosis with offline stores in a seamless online-offline experience as consumer preferences show.
Zalando, the shoe and fashion German multinational online retailer, launched on Monday its partner programme in the UK, following similar previous launchings in eight European countries including Germany and France.
Irish Visa card holders made the e-commerce spending to rise to almost € 5.6 billion in 2014, a 30 per cent increase on the corresponding period, the growth is nearly twice faster than across Europe where Visa saw an increase of 17 per cent in the year to more than € 280bn.
Tencent brand is estimated to be worth $66.1 billion, having nearly doubled in a year, while Alibaba , ranked second with brand value of $59.7 billion, after its successful IPO, according to research company Millward Brown.
Inditex CEO Pablo Isla, in his recent visit to China and the US, has revealed some figures that show the strength of the company, a new empire on which the sun never sets with presence in 90 countries and with 7.000 stores.