EBAY | Jotup

Mobile Commerce Sales Expected to Double To $700+ Billion By 2025

Retrieved on:

Thursday, January 13, 2022

PALM BEACH, Fla., Jan. 13, 2022 /PRNewswire/ -- Mobile commerce, or m-commerce, is a subset of e-commerce that refers to the use of wireless handheld devices for conducting commercial transactions online. It comprises mobile banking, in-app purchases & virtual marketplace apps. It utilizes wireless devices, like cellphones, smartphones, smartwatches, and tablets, to authorize, initiate, and confirm the exchange of money. This is facilitated by the availability of point-of-sale (POS) terminals that process transactions using nearfield communications or the internet. The increasing usage of wireless handheld devices that offer enhanced security, convenience and easy access to the internet has encouraged tech-savvy consumers to make mobile-based payments through digital wallets and online payment gateways. These methods enable buyers to make contactless payments, thereby eliminating card swiping and manual entry, which helps in reducing human error and facilitating a smoother checkout experience. This trend has further been facilitated by the introduction of multiple safety features in mobile and wearable devices, including biometrics authentication such as fingerprint and facial recognition, which have made mobile payments more secure. Moreover, many service providers are collaborating with mobile operators to offer advanced payment solutions. Along with this, governments of various countries are undertaking initiatives to promote digital payment methods, which is providing a positive impact on market growth. Furthermore, the rising trend of bring-your-own-device (BYOD) and growing broadband connectivity are among the other factors stimulating the growth of the industry. Active Companies in the markets today include OOOOO Entertainment Commerce Limited (OTCQB: OOOOF) (TSX-V: OOOO), Jowell Global Ltd. (NASDAQ: JWEL), Alibaba Group Holding Limited (NYSE: BABA), eBay Inc. (NASDAQ: EBAY), ContextLogic Inc. (NASDAQ: WISH).

Key Points:

Moreover, many service providers are collaborating with mobile operators to offer advanced payment solutions.
A report from eMarketer in Morning Brew projected that Mobile commerce sales will double to $700+ billion by 2025, while another report from Mordor Intelligence said that the mobile commerce market is expected to register a CAGR of 27% by 2021-2026.
However, there are certain challenges in terms of dependency on internet networks, monetization of the user base, and fierce competition.
By far, its network covers 95 members across 28 provinces and municipalities in China, reaching total RMB90 billion annual sales by its members.

Mobile Commerce Sales Expected to Double To $700+ Billion By 2025

Retrieved on:

Thursday, January 13, 2022

PALM BEACH, Fla., Jan. 13, 2022 /PRNewswire/ -- Mobile commerce, or m-commerce, is a subset of e-commerce that refers to the use of wireless handheld devices for conducting commercial transactions online. It comprises mobile banking, in-app purchases & virtual marketplace apps. It utilizes wireless devices, like cellphones, smartphones, smartwatches, and tablets, to authorize, initiate, and confirm the exchange of money. This is facilitated by the availability of point-of-sale (POS) terminals that process transactions using nearfield communications or the internet. The increasing usage of wireless handheld devices that offer enhanced security, convenience and easy access to the internet has encouraged tech-savvy consumers to make mobile-based payments through digital wallets and online payment gateways. These methods enable buyers to make contactless payments, thereby eliminating card swiping and manual entry, which helps in reducing human error and facilitating a smoother checkout experience. This trend has further been facilitated by the introduction of multiple safety features in mobile and wearable devices, including biometrics authentication such as fingerprint and facial recognition, which have made mobile payments more secure. Moreover, many service providers are collaborating with mobile operators to offer advanced payment solutions. Along with this, governments of various countries are undertaking initiatives to promote digital payment methods, which is providing a positive impact on market growth. Furthermore, the rising trend of bring-your-own-device (BYOD) and growing broadband connectivity are among the other factors stimulating the growth of the industry. Active Companies in the markets today include OOOOO Entertainment Commerce Limited (OTCQB: OOOOF) (TSX-V: OOOO), Jowell Global Ltd. (NASDAQ: JWEL), Alibaba Group Holding Limited (NYSE: BABA), eBay Inc. (NASDAQ: EBAY), ContextLogic Inc. (NASDAQ: WISH).

Key Points:

Moreover, many service providers are collaborating with mobile operators to offer advanced payment solutions.
A report from eMarketer in Morning Brew projected that Mobile commerce sales will double to $700+ billion by 2025, while another report from Mordor Intelligence said that the mobile commerce market is expected to register a CAGR of 27% by 2021-2026.
However, there are certain challenges in terms of dependency on internet networks, monetization of the user base, and fierce competition.
By far, its network covers 95 members across 28 provinces and municipalities in China, reaching total RMB90 billion annual sales by its members.

eBay Announces Change to Gross Merchandise Volume Definition and Releases Updated Historical Metrics

Retrieved on:

Wednesday, December 15, 2021

The Company has updated its definition of GMV to include all paid transactions on its platforms inclusive of shipping fees and taxes.

Key Points:

The Company has updated its definition of GMV to include all paid transactions on its platforms inclusive of shipping fees and taxes.
This change has been enabled by the increased visibility derived from the Company's transition to managing payments globally.
Please refer to the table at the back of this release for a restatement of historical metrics.
In 2020, eBay enabled over $85 billion of gross merchandise volume.

eBay Announces 2021 Class of Up & Running Grant Recipients

Retrieved on:

Tuesday, December 7, 2021

Veteran, Small business, Growth, EBAY, Woman, EBay, View, Organization, Partnership, Running, Multimedia, Color, COVID-19, Program, Nasdaq, Government, Q&A, Online shopping

Through Hello Alice, all grant recipients are enrolled in an online community of similar businesses for peer-to-peer networking and will also have access to their business center.

Key Points:

Through Hello Alice, all grant recipients are enrolled in an online community of similar businesses for peer-to-peer networking and will also have access to their business center.
In April 2020 eBay announced Up & Running, a $100 million small business accelerator program to address the devastating impacts of COVID-19 to small, local retail businesses.
In November 2020 to expand on its "Up & Running" pledge eBay introduced the Up & Running Grant program in partnership with Hello Alice .
eBay Inc. (Nasdaq: EBAY) is a global commerce leader that connects millions of buyers and sellers in more than 190 markets around the world.

eBay Acquires Sneaker Con Authentication Business

Retrieved on:

Monday, November 29, 2021

SAN JOSE, Calif., Nov. 29, 2021 /PRNewswire/ -- eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of buyers and sellers around the world, and Sneaker Con Digital have entered into a definitive agreement under which eBay has acquired Sneaker Con's authentication business, a leading sneaker authenticator with operations in the U.S., U.K, Canada, Australia and Germany.

Key Points:

SAN JOSE, Calif., Nov. 29, 2021 /PRNewswire/ -- eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of buyers and sellers around the world, and Sneaker Con Digital have entered into a definitive agreement under which eBay has acquired Sneaker Con's authentication business, a leading sneaker authenticator with operations in the U.S., U.K, Canada, Australia and Germany.
"We respect eBay's commitment to the sneaker culture and are honored that Sneaker Con's authentication business will be incorporated into their platform," said Brad Fried, the company's Co-Founder.
Sneaker Con launched its authentication business in 2018 to complement the events business and provide industry-leading authentication services to further support the sneaker community.
eBay is acquiring Sneaker Con Digital, Sneaker Con's authentication business, and the companies have signed and closed the deal as of November 24, 2021.

eBay Completes Transfer of its Businesses in Korea to Emart

Retrieved on:

Monday, November 15, 2021

"We are pleased to finalize the deal between eBay Korea and Emart, bringing together two strong ecommerce and retail companies that can unlock tremendous potential in Korea," said Jamie Iannone, Chief Executive Officer, eBay.

Key Points:

"We are pleased to finalize the deal between eBay Korea and Emart, bringing together two strong ecommerce and retail companies that can unlock tremendous potential in Korea," said Jamie Iannone, Chief Executive Officer, eBay.
"By joining Emart, the eBay Korea business has an enormous opportunity ahead.
The Company will retain a 19.99% interest in the Korean businesses, including G-Market, IAC and G-9.
eBay Inc. (Nasdaq: EBAY) is a global commerce leader that connects millions of buyers and sellers in more than 190 markets around the world.

eBay's "The Sleigh Drop" Brings the Gift of Grails to Holiday Shoppers

Retrieved on:

Friday, November 5, 2021

EBay, View, Nike Air Max, SAN, General manager, Organization, NASDAQ, Multimedia, Platinum, DJ Skee, North America, EBAY, Air Jordan, Sneakers, Auction, Online shopping

Throughout the holiday season, three renowned sneakerheads - La La Anthony, DJ Skee and Jacques Slade - will bring their impressive collections of rare kicks to eBay, where a sneaker is bought every 4 seconds.

Key Points:

Throughout the holiday season, three renowned sneakerheads - La La Anthony, DJ Skee and Jacques Slade - will bring their impressive collections of rare kicks to eBay, where a sneaker is bought every 4 seconds.
New items from Skee's collection will be released every Friday during the month of November.
"This holiday looks really different, and these drops give sneakerheads access to highly coveted pairs that you can't get anywhere else," said Garry Thaniel, General Manager of Sneakers at eBay.
"Supply chain challenges have reshaped the season, and shoppers are craving the rare, the unique and the hard-to-find, especially when it comes to enthusiast categories like sneakers."

Thinking about trading options or stock in Harley-Davidson, Plug Power, ON Semiconductor, AMC Entertainment, or eBay?

Retrieved on:

Monday, November 1, 2021

EBAY, Wall Street, HOG, AMC, Retail

NEW YORK, Nov. 1, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for HOG, PLUG, ON, AMC, and EBAY.

Key Points:

NEW YORK, Nov. 1, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for HOG, PLUG, ON, AMC, and EBAY.
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Science Based Targets initiative approves eBay's ambitious goal to reduce scope 1 and 2 carbon emissions 90% by 2030

Retrieved on:

Thursday, October 14, 2021

eBay also commits to reduce value chain (scope 3) emissions from downstream transportation and distribution by 20% in the same timeframe.

Key Points:

eBay also commits to reduce value chain (scope 3) emissions from downstream transportation and distribution by 20% in the same timeframe.
These emissions represent the transportation of the goods shipped using its platform and eBay will work with its logistics providers to offer low-carbon alternatives.
Separate from the science-based target, eBay is also committing to be carbon neutral for its offices and data centers (scope 1 and 2) by the end of 2021.
"By setting ambitious science-based targets grounded in climate science, eBay is taking action to prevent the most damaging effects of climate change."

eBay Recognizes Canadian Ecommerce Excellence with 2021 Entrepreneur of the Year Awards

Retrieved on:

Wednesday, October 13, 2021

"eBay enables Canadian small businesses to instantly connect to more than 150 million active buyers around the world, giving them opportunities to build thriving global businesses within local communities. Our marketplace was built to create economic opportunity for businesses of all shapes and sizes, and our Canadian team's mission is to help our sellers succeed," said Rob Bigler, General Manager of eBay Canada. "eBay's long-standing small business recognition awards shine a spotlight on the unwavering Canadian entrepreneurial spirit that lives on our global marketplace, with this year's winners -- despite persistent pandemic challenges -- being no exception."

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The 2021 eBay Canada Entrepreneur of the Year Award winners include:
Entrepreneur of the Year Dave Turgreon of Dragon Spinz , Levis, QC.
Emerging Ecommerce Entrepreneur of the Year Karina Bogle of K Bogle 05 , Stratford, ON.
"This year's eBay Entrepreneur of the Year Awards showcases the commitment, creativity, and resilience of small and midsize businesses across Canada.
During the 2008 financial crisis, Dave decided to make a big change by becoming a full-time entrepreneur on eBay.