In the U.S., 85% of consumers have credit ratings, but less than a quarter of China’s population have credit records, according to Alibaba. Ant Financial Services Group, the parent company of Alipay which was founded by Alibaba, has established the Read more
Yahoo announced it will spin off its large stake in Chinese ecommerce firm Alibaba tax-free into a newly formed independent registered investment company (“SpinCo”). The stock of the new company will be distributed pro rata to Yahoo shareholders. According to Read more
eBay has acquired Vivanuncios, a Spanish-language classifieds site in Mexico owned by W3 Ltd. Vivanuncios, founded in 2006, receives 15 million visits per month and had more than half a million published ads in the fourth quarter, 2014. eBay Classifieds Read more
It’s not surprising that the owners of some rare, “never before seen” photographs of the Beatles and Rolling Stones chose to sell them on eBay, but their selling strategy is unusual. Instead of listing them in auction format, the owners Read more
Amazon is making a major policy change that benefits sellers who offer free shipping. Amazon spokesperson Erik Fairleigh said as of Tuesday, all Amazon seller-fulfilled items with free shipping are eligible to contribute to Amazon’s minimum order of $35 to Read more
USPS, UPS, and FedEx suspended delivery and pickup in large areas of the Northeast due to “Winter Storm Juno,” aka the Blizzard of 2015, while online marketplaces warned users of the possible impact of the storm on their transactions. eBay Read more
Searching Google for product information, whether over holiday periods or otherwise, used to yield organic search results in order of relevancy. But now, Google has populated that high-end virtual real estate with a variety of ad formats thanks to its Read more
The USPS filed a notice about its rate plans for Priority Mail, a popular service among online sellers. But the filing with the Postal Regulatory Commission included some good news – the Postal Service wants to keep domestic Priority Mail Read more
One online marketplace you haven’t seen featured on EcommerceBytes is Silk Road. That’s because it’s an online bazaar for buying and selling illegal drugs, according to government prosecutors. That’s what makes it surprising to learn an eBay software engineer was Read more
eBay sellers were scurrying to ship packages before the snow storm Monday, but were stymied due to technical issues on the site. “Is eBay Monday mean no shipping again? Got the first items out and now nothing will process on Read more
