The success of the Great Online Shopping Festival (GOSF) 2014 is another indicator of rising acceptance of the e-commerce channel amongst Indian consumers.
Google noted that the GOSF 2014 sale has been a huge success and has exceeded the wildest of their expectations. This online shopping festival had 450 partners (ecommerce sites), nearly twice the number from last year. Offers were available across plethora of categories ranging from low ticket items (books, home appliances, etc) to high value tickets like homes, cars and mobile phones. Leading e-commerce websites like Amazon, Snapdeal,
Firstcry, Jabong participated in this sale festival. GOSF site saw nearly 14mn visitors (across 220 cities) with consumer engagement up ~7x vs last year.
More brands across categories are partnering Read the Full Article
The Delhi High Court issued an interim injunction against Xiaomi for allegedly infringing on Ericsson’s Standard essential patents (SEPs). The order prohibits Xiaomi and its ecommerce partner Flipkart.com from importing, selling, promoting and manufacturing devices that potentially infringe on Ercisson’s patents for AMR, EDGE and 3G. Xiaomi sells Mi3, Redmi 1S and Redmi Note/Note 4G in India, and the devices under the injunction order haven’t been officially confirmed. Meanwhile, Xiaomi has mentioned that it hasn’t received the order from the Court and Read the Full Article
Xiaomi’s e-commerce model has disrupted the competitive landscape of China smartphones. Following Xiaomi’s business success, brands such as Huawei/ Coolpad/ Lenovo have started to embrace e-commerce models by launching ecommerce only models or establishing a separate e-commerce sub-brand.
Xiamoi Internet Services Company – User Acquisition & Monetization
In an internet eco-system, a company usually builds its user base upon a specific demand for services, e.g. messaging (Tencent) and internet Read the Full Article
The Mobile advertising is poised to exceed 30% of total Internet advertising in 2014 and exceed the size of desktop search in 2016. Mobile advertising is forecasted to grow 67% this year and 36% next, driven by strength across display and video. Both desktop search and desktop display advertising are forecasted to grow less than 10% this year (5%). Google’s share of total Internet advertising in the U.S. will decline 200bps y/y to 46% in 2014 as search and desktop share of the total declines, while Facebook’s share increases to 8.5% from 6% as mobile and display share of the total increases.
Internet video advertising is forecasted to grow 32% Read the Full Article
We’d like to share some insights on multi sided platforms (MSPs) which optimize profit by monetizing one customer side while subsidizing the other (Adobe, Visa). This theory argues that Apple lost to Microsoft in PC software not because Apple was more proprietary but because Apple tried to monetize developers as well as consumers while Microsoft discounted its SDK. Today Apple is closed in controlling the technology of its devices where it monetizes. But Apple appears to be increasingly open in leveraging developers through APIs. Examples include Read the Full Article
After downloading the latest version of iOS, access the Apple Pay via the Passbook & Apple Pay option in the Settings app. You will be quickly prompted to link our iTunes credit card (AMEX Starwood card) to Apple Pay, which only required us to enter our 4-digit security code. Next, we loaded a Chase Sapphire Visa card (whose PAN appears on the back of the card so we found it easier to manually input the PAN rather than take a picture of the card). After entering all the Chase card details, we were prompted to call Chase to activate the card in the Apple Pay wallet (we believe each issuer has their own security procedures for onboarding their cards). Last, we attempted to add a co-branded United/Chase MasterCard into Apple Pay, but received a message saying that Chase is only supporting Visa cards in Apple Pay.
At the retail outlet the cashier rang Read the Full Article