Rediff.com published an article on using Facebook as a way to transfer money, kind of the way we currently use Paypal. The service is currently being provided by two Indian banks, Kotak Mahindra and ICICI. The article makes clear this is for tech savvy participants and is secure as using an ATM. Transfer is instant and the funds can be used right away. From the article: Fund transfer through … [Read more...]
Chinese Retailers Playing Poker in Empty Malls as Their Customers Shop Online
Online sales are having a real impact in China, and while that is good for companies like Alibaba and JD.com, it is taking a toll on the brick and mortar retailers, along with the property market. Bloomberg published an article that said that Chinese retailers are playing poker in empty malls, their customers have gone online. China Online JD.Com’s Liu started renting a booth in … [Read more...]
Super Bowl Sunday and its impact on Online Sales
The Super Bowl and eCommerce Abbe Miller wrote a piece on Business2Community that looked at how big television events impact online sales both during and after the event. The article mentioned some stats from the previous two years culled from a couple different sources. Hashtags included in ad spots jumped to 57%. Go Daddy decided to pull its puppy ad, Go Daddy has benefited greatly from … [Read more...]
TechCrunch Covers TheDrop.Club: By Twitch/Exec co-founder and Y Combinator Partner Justin Kan
Techcrunch.com just covered TheDrop.club, what they describe as a "Digg/Reddit/Hacker News/Product Hunt for electronic dance music" The site is Thedrop.club and "Twitch/Exec co-founder and Y Combinator partner Justin Kan told TechCrunch: “I wanted something to create a constant stream of new electronic music tracks every day" TechCrunch.com goes on to describe the site: "Built on … [Read more...]
A Survivor of The Dot Com Bubble – Cufflinks.com
Maria Halkias of DallasNews.com wrote a piece on a survivor of the .com bubble of the late nineties. Cufflinks.com. Halkias did a good job conveying where the company is now and how it got there from those crazy bubble days of 1999 - 2000. From the article: Cufflinks.com was founded in 1999 during the dot-com bubble, when lots of startups were created based on the business model of a category … [Read more...]
Overstock Sees Positive Earnings Impact from Accepting Bitcoin
Overstock sees Bitcoin having a postitive effect on earnings for 2014. The company told Reuters they expect Bitcoin to add 4 cents per share, they are expecting $1.5 billion in sales for the year. From the article: Overstock.com Inc's sales through bitcoin are expected to add 4 cents per share to its earnings this year, the online retailer's chief executive, Patrick Byrne, told … [Read more...]
Flipkart Raises $1billion in funding – Largest ever for an Indian Internet Company
You may recall a little while back there were all those Flipkart domain purchases in various cctlds, well the company certainly could afford it as they have just completed the largest funding ever by an Indian Internet company. flipkart.ca May 2014 5,000.00 EUR Sedo flipkart.cn April 2014 5,000.00 EUR Sedo flipkart.co.za May 2014 5,000.00 … [Read more...]