Exciting week in ecommerce & retail tech, I’m writing this from China. From almost nothing, the China ecommerce sector has grown to more than the US and UK combined, see stat of the week below.
This Week: How China embraces Black Friday,The end of the beginning (video), Australian ecommerce step change, and the world’s first social ecommerce platform built on blockchain.
Amazon bought online pharmacy PillPack in June, but the deal has not closed yet, giving Walgreens and its rivals the chance to head off a possible disruption in the pharmacy space.
Project Verte , the world’s first social ecommerce platform built on blockchain. With a mission of bringing greater transparency and wider participation into ecommerce.
Amazon’s Australian launch 12 months ago may not have lived up to the hype but the behemoth is on track to replicate its US success after triggering a step change in the local market.
Ecommerce is still only a small fraction of retail spending, and many other areas that will be transformed by software and the internet in the next decade or two have barely been touched. Global retail is perhaps $25 trillion dollars, after all.
Ecommerce is still only a small fraction (10%) of total retail spending in the US, and many other areas that will be transformed by software and the internet in the next decade or two have barely been touched.
Techstars Startup Digest Retail Tech & E-commerce is curated by:
