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Articles tagged with: commerce

eBay Gets Aggressive With Social Strategy

Looks like eBay is head to toes in their new e-commerce project, X.Commerce. That’s why eBay has now procured the two leading platforms in the e-commerce industry, Magento and GSI Commerce.

Paypal which is now a subsidiary of eBay, earlier this year merged their programming interface and developers with that of eBay for a joint venture, X.Commerce. X Commerce is a cloud based toolkit that allows businesses to innovate the e-commerce industry.

California Signs “Amazon Tax”, Amazon Threatens To Cut Ties

California has just signed the Amazon Tax, a tax that will allow it to collect sales tax from online transactions. In the last court battle regarding taxes, Amazon was backed by the US Supreme Court from the 1992 ruling, stating that companies cannot collect sales tax in states where they do not have a physical presence.

States are now looking to expand that definition to include Amazon affiliates who make money off commissions. Amazon had also said it would cut ties with its estimate 10,000 California affiliates if the bill was signed, and Jerry Brown signed it yesterday.

Euro Parliament Votes In Favor Of Ecommerce Buyer Protection

The European Parliament has recently approved new rules for online shopping. European buyers now have the right to change their minds about an online purchase within two weeks of receiving the goods. The new laws also outlaw the use of pre-ticked boxes on retail websites.

The new laws were swept with approval by a 615 in favor and a 16 against. The previous rules governing ecommerce in Europe, poorly protected its citizens and resulted in 7% of Internet users engaging in online purchases.

eBay Acquires E-commerce Startup, Magento

eBay announced on Monday that it has agreed to overtake Magento (an open source ecommerce platform), an LA-based company with nearly 300 employees. eBay before only had a minority stake in the company, but has since then decided to go big or go home. Neither company stated how much the deal will go for, but it is expected to close in the third quarter of this year upon approval.

Magento offers tens of thousands of merchants control over the user experience, catalog, content, and functionality of their online store. The company’s “Go” platform offers a software-as-a-service (SaaS), offering both small and growing merchants the online tools they need, from payments to inventory management.

Wal Mart Acquires Kosmix For Social Initiatives

In a time of buyouts, Wal-Mart is buying Kosmix, a social media company that is based in the heart of silicon valley, Mountain View, California. Although Wal-Mart did not mention specifics of the agreement, they did say that the acquisition will be instrumental in rolling out new social and mobile initiatives.

Wal-Mart continued in saying that the @WalmartLabs team will work hard on building its social and mobile commerce strategy in efforts to keep its online and in-store avenues in tact. I believe this is a necessary move for Wal-Mart, a corporation that now has physical stores in 15 countries and e-commerce businesses in nine countries.

Senators Introduce A Bill That Blocks Data Sharing

Senators John McCain and John Kerry are seriously considering to introduce a bill a week from Wednesday that will limit what companies can do with online user activity and profile data. The bill will require that the sharing of user data between companies be an “opt-in” feature that users can choose if they want to share personal information about them. While this bill sounds good on paper, it will definitely limit the amount of “pool data” available which may have unforeseeable consequences on many features we rely on. I do however, like the option of opting in and hope that if the bill does get passed, people will not be too paranoid about sharing certain kinds of information.

Google Will Roll Out NFC For Android Phones

According to the WallStreet Journal, Google is teaming up with MasterCard and Citigroup to bring Near-Field Communications technology to Android mobile devices. This would allow consumers to pay for things by swiping their phone against a small reader at a checkout stand. The goal in using NFC technology is to speed up transaction times and make it easier for consumers to pay for things without whipping out their wallet or their purse to look for their credit cards. Google will not be getting any…

eBay Acquires GSI Commerce:No More Sports Gear

According to their press release, eBay Inc. has announced today that it will acquire GSI Commerce, a leading provider of e-commerce and interactive marketing services, for 2.4 billion dollars. The deal is expected to close by Q3 of 2011. GSI commerce is being offered around 50% higher than their normal closing price. John Donahoe, CEO of eBay said “We intend to lead the next generation of commerce innovation. The acquisition of GSI, offers the most comprehensive integrated suite of online commerce and interactive marketing services available [and] will significantly strengthen our ability to connect buyers and sellers worldwide…Combined with eBay Marketplaces and Paypal, we believe GSI will enhance our position as the leading strategic global commerce partner of choice for retailers and brands of all sizes.” As part of the deal, eBay will demolish…

eBay Announces 50 Free Listings Per Month

eBay has announced new pricing that will make it even easier for people to sell their unwanted belongings on the enormous auction site. For the first time in the history, eBay is making it free to list up to 50 items PER month in auctions at any start price, and FREE to add the “Buy it Now” option to those listings, drawing auction enthusiasts and shoppers looking for an immediate fix.

When will those go into effect? April 19th, 2011. The new pricing builds on a series of free-listing promos that were had in 2010 and which resulted in significant increases in new listers. If this new promotion wasn’t good enough, eBay will also be…