At the beginning of this year, we were mentioning that 2012 is the Year of the Dragon in the Chinese Zodiac and its set to be a very successful year for international e-commerce. Now a couple of months later, a report from the Boston Consulting Group (BCG) announced that China’s Internet commerce market is expected to triple its value over the next three years reaching $360 billion.
San Francisco-based blogging and sharing platform Posterous announced yesterday on its blog that has been acquired by Twitter adding that Twitter is interested mostly in the people, not the product. Posterous engineers, product managers will join the Twitter team and the Posterous space will remain up and running “without disruption” and users given ample notice if any changes are made to the service. Read more
Russian search giant Yandex announced today it has expanded its European operations, opening a new sales office in Lucerne, Switzerland headed by Bernard Lukey, formerly CEO of one of the Russia’s largest online stores OZON.ru.
It’s almost the weekend and we have some topics that we hope you are going to enjoy over the next two days: “Facebook’s ‘Like’ button may actually hurt your sales”, “Sina Weibo is focusing on the business users”,“What community builders can learn from research”.
Today’s news brings information about f-commerce, the new announcement from Microsoft Bing and the agreement between Google and the Digital Advertising Alliance in order to improve users’ privacy. Also see an interesting infographic about the battle of the Internet giants, Google and Baidu, in China.
Despite the floundering Euro-zone economy – the German ecommerce sector is in rude health. Germany currently has the largest online population in the EU - there were more than 50 million German Internet users in late 2010 and this year, the online trade in goods in Germany increased by about 17% to €21.48 billion. 2011 is the first year that revenue from e-commerce has broken the 20billion euro turnover mark and outstripped traditional mail order sales by 10%.