Tag: mobile shopping

Alibaba and Foxconn show interest in Indian mobile commerce giant

| June 19, 2015

Snapdeal is in advanced investment discussions with Alibaba and Foxconn

India’s Snapdeal continues to attract strong interest from other companies involved in the mobile commerce space. This week, Snapdeal announced the acquisition of a mobile app developer, which is expected to further solidify the company’s mobile commerce dominance. Now, China’s Alibaba and Taiwanese handset manufacturer Foxconn have entered into advanced discussions regarding purchasing a 10% stake in Snapdeal. This is not the first time that Alibaba has shown investment interest in Snapdeal.

Alibaba has shown an intense interest in India’s mobile commerce space

As one of China’s largest e-commerce entities, Alibaba has been very aware of the growing prevalence of mobile commerce. In China, smartphone penetration has been growing quickly, and many people are becoming more interested in the concepts surrounding mobile shopping. Snapdeal has become the largest player in India’s mobile commerce market, which has made the company a very attractive topic for Alibaba and others. Alibaba has already invested in India’s mobile commerce space, purchasing a 25% stake in Paytm earlier this year.

India has become one of the most attractive and fastest growing mobile markets in the world

Mobile Commerce Interest in IndiaMobile commerce is growing very quickly in India, making the country one of the most attractive mobile markets in the world. Investments from foreign companies are adding fuel to the growth in this sector and companies like Snapdeal could have a lot to gain from such investment interest. Investment discussions do not always work out, however, and initial negotiations between Snapdeal and Alibaba failed due to differences in valuation of Snapdeal’s stock. Alibaba has, however, returned to discussions with some enthusiasm.

Investments will help Snapdeal thrive and provide better services in the mobile commerce space

Snapdeal has raised approximately $1 billion in funding through investments, with Japan’s Softbank being a primary investor in the company. This funding has been instrumental in Snapdeal’s plans to become a mobile commerce powerhouse. The more funding that the company can raise, the better services it will be able to provide to consumers and businesses alike.

Wearable devices may be eBay’s next big boom

| June 17, 2015

Wearables are gaining ground with eBay

Wearable devices may be the next big thing for eBay. The company has reported that it has seen a major increase in sales following the launch of its first application for the Apple Watch, a new device released by Apple at the end of April. The device has managed to attract a great deal of interest, especially those that have shown favor for mobile commerce, which involves the purchase of products with a mobile device, both online and in physical stores.

Growing number of consumers are showing interest in wearable devices as mobile commerce continues to thrive

eBay has played a major role in the e-commerce world for many years, but the company is beginning to show a greater interest in the mobile space. The growing number of consumers with smartphones has provided eBay, as well as other retailers, with a promising opportunity. Mobile commerce has become a significant force in the world of commerce and many companies are beginning to become mobile-centric in order to cater to the needs of consumers that are interested in mobile shopping.

50% of eBay shoppers purchased from the technology category in 2014

Wearable Devices- eBay According to the report from eBay, more than 50% of its customers bought products in the technology category in 2014. Wearable devices are included in this category and a large portion of shoppers purchased these devices through the e-commerce platform. These devices appear to be particularly popular in Australia, where consumers have become enthralled with the convenient nature of these devices and their ability to perform in the mobile commerce space.

Wearable devices could have a major impact on the growth of mobile commerce

Not all wearable devices are designed with mobile commerce in mind. Some of these devices are developed for the purpose of tracking health information or connecting to social networks. A growing number of these devices are cropping up with the ability to facilitate mobile shopping. In Australia, these devices are becoming more common, which is giving a greater number of consumers the ability to participate in the mobile commerce space.