Visitors to the 11Main.com marketplace launched by Alibaba 2 years ago were greeted with a message on Monday that the site had “moved” to OpenSky.com. However, merchants must open a store on OpenSky if they aren’t already selling there. Likewise, Read more
eBay announced plans to raise $1.5 billion, while Alibaba is rumored to be looking to borrow about $4 billion. One obvious use of such debt would be to acquire companies – could this be a good time for ecommerce players Read more
Two ecommerce powerhouses are making some noteworthy moves – one is contracting in Asia while the other takes a stake in a US daily deals site. Rakuten Retrenches Ecommerce giant Rakuten which got its start in Japan has announced plans Read more
Alibaba’s Double 11 shopping holiday held on Singles Day (November 11) generated $14.3 billion in 24 hours. That’s up 60% from last year. And mobile was the star of the day – 69% of GMV came from transactions completed over Read more
The new owner of 11Main.com has no plans to close the site, according to John Caplan, founder and CEO of OpenSky, which acquired the marketplace from Alibaba Group Holding in June. That may come as news to some merchants on Read more
The US Postal Service will help get Alibaba merchandise into the hands of US consumers more quickly. The agency signed a Memorandum of Understanding with Alibaba’s logistics firm Cainiao to work together to develop new international shipping solutions and enhance Read more
Online merchants and eBay and Amazon sellers now have access to data from product-sourcing site Alibaba through Terapeak, a leading supplier of marketplace analytics with over 2.6 million users. Terapeak users can view, search and filter the top 30 million Read more
Alibaba sold its eBay selling tools and 11 Main marketplace to a little known marketplace called OpenSky last week, and took a 37% share in the company. A person familiar with the matter said that at least in the short Read more
In the mid-2000s, a schoolteacher turned entrepreneur in China by the name of Jack Ma went head-to-head with what was then the King of Ecommerce, eBay. Porter Erisman was an insider at Alibaba, and in a new book, Alibaba’s World, he Read more
Online sellers who use Alibaba.com for product-sourcing can now get purchase protection through a new Trade Assurance program. Alibaba said the program gives merchant-buyers more visibility into sellers’ transactional history and credibility. Buyers can claim a refund from participating Chinese Read more
