Transaction Volume Of Amazon Payments Surged Significantly In 2015

The volume of the transactions on Amazon's platform have increased in recent times.

Amazon has grown in the payment service industry. The transaction volume of Amazon Payments has surged past year, which indicates that the payment service of the American e-commerce company has ultimately started to gain after it incepted almost 8 years ago. The service provides an opportunity to customers to employ their accounts pay for goods found on the website of any other retailer.

Customers log in to their accounts on the largest online retailer’s website (Amazon) to shop, avoiding the need to enter their credit card or ship details. The volume of payments through its “Pay with Amazon” facility on the sites of other retailers grew by 150% past year from the year earlier, the company stated Tuesday. The order’s average size was $84 during the same period.

Amazon did not disclose cumulative value of the sales or the rest of financial information. Its payment service is a competitor of Samsung Pay, Apple Pay, and Paypal Holdings. It began in 2013 after many unsuccessful attempts by the online business that date back to 2008 for getting its payments business off the ground.

“Pay with Amazon” is capable of representing a huge revenue source for the company if it succeeds in multiplying its success with Amazon Marketplace, which allows independent merchants to compete with the Seattle-based giant on its own site.

Amazon Marketplace is now contributing over than 40% of the total revenue earned by the organization. E-payment checkout facilities available on websites of some retailers comfort the payment procedure for consumers. They also provide a chunk of every transaction to the payment platform that takes place online.

The ecommerce business charges fees to merchants for every transaction, which amounts to 2.9% of the value of the order plus 30 cents. It stated the number of sellers using its payment service increased by 200% in the last year, but did not disclose the total number of sellers involved. The company has earlier stated that it is aiming at smaller and middle size enterprises.

The draw for these small sized retailers is the 285 million account holders of Amazon, whom they expect would purchase on their webpages. Referring to a study conducted by analytics firm ‘ComScore’, the company stated 60% users of its payment service earn an income over $100,000. It also told that over 23 million customers have used the service at Non-Amazon sellers in the past two years.

The payment service is offered in 170 states including the EU member countries and Japan. 

Facebook Expands Advertising Network To Mobile Sites

Facebook's advertising business enjoyed a boost and good performance recently.

Facebook tails its advertising business for reflecting that people are using more digital content and news pieces in browsers of mobile websites. On Tuesday, mobile ad network, Audience Network, which allows marketers to purchase advertisements in applications outside the social platform while still using ad tools of the company, is extending to mobile websites apart from mobile applications.

In past few months, the company has tested the network’s extension to the mobile internet with some publishers. An official of Facebook, Brian Boland, said the extended network is currently open to every publisher for the first time and should help publishers serve more attractive, customized native advertisements to people visiting their mobile platforms.

Facebook‘s Audience Network battles with Twitter MoPub and Google AdMob, along with other networks. Brian told the ad platform of the network giant is focusing on the delivery of measurable business results for advertisers, such as app installs. ComScore revealed that the measure taken by the organization was mainly prompted by the demand by publishers who noted that consumption of media in browsers of mobile webs increased from 2013 to 2015 by 53%.

Around 90% of the traffic of news sites comes through mobile internet. A principal analyst at eMarketer, Aho Williamson, noted that a challenge, Facebook will face in ensuring that publishers come to the extended platform, is that a large number of publishers are already having relations with other platforms.

Audience Network was introduced in Oct 2014. In the final quarter past year, the company succeeded in reaching 1 billion dollar annual run rate for the spending on advertising through the platform.

Audience Network is not offered on desktop and native advertisements contributes to four-fifth of the impression on the social platform. The extension will provide publications tools to rapidly develop native versions of standard formats.

Audience Network consists of 2.5 million advertisers, which provide publications and Facebook a percentage of revenue. CEO Mark Zuckerberg said, “Once we have those ecosystems built out we’ll build businesses around them. Only after you have that ramped up to a good scale can you really dial up advertisers, because all those public figures and businesses are members of the platform and scale.”

Facebook does not forecast revenues but stated it is expecting its total costs would jump between 45% and 55% in this year, faster than the growth in its revenue by 39% that analysts at Wall Street are expecting. 

Google Donates Generously To Connect Refugees In Germany Via Internet

Google announces to donate $5.3 million for purchasing Chromebooks for Refugees to access Internet.

Google succeeded in raising $11m to finance relief efforts for refugees in Europe. Today, the technology business announced of donating $5.3 million to provide an opportunity to refugees in Germany to access Chrome books.

The philanthropic division of search organization (Google.org) is collaborating with non- profit organization, known as NetHope, on the venture ‘Project Reconnect’. NetHope will use the grant to purchase 25,000 Chromebooks equipped with language learning and education applications, which it will be doling out to non-profit organizations that are helping refugees in the European country.

The objective, according to Google.org director ‘Jacquelline Fuller’, is to make sure that refugees are not only having the necessities required for survival but also the facilities required for living their normal lives. When compared to approximately 1 million refugees Germany registered last year, even 25,000 Chromebooks is a very small number.

Therefore, instead of offering Chromebooks to people, Project Reconnect is collaborating with non-profit organizations, which can use the devices to organize educational events for children and build Internet cafes. Under the tie up, Deutsche Telekom is providing a discount of the grant recipients for accessing broadband, which is essential, provided the fact that Chromebooks must be connected to the web for running most applications.

At the current moment, Project Reconnect would only be operating in Germany. Proving that donated funds are capable of making a difference at a level holds crucial importance, says UNHCR innovation lab, The Hive’s director Brian Reich.

Where Brian has appreciated the financial generosity of the Californian business, he said to find a solution of a problem of Refugee crisis. According to him, people need to focus less on individual donations size and more on where the funds donated would have a multiplying impact, meaning they prove beneficial for people apart from the direct beneficiaries.

The answer might be yes, but Brian states he would be undertaking careful analysis – the type at which Google is excelling at its for-profit work – for determining whether the donated money had a Google-sized effect. This is not the company’s first effort for pitching in abroad. Last fall, it pledged for providing donations to nonprofit organizations offering shelter and food to refugees in need. The enterprise also introduced Crisis Info Hub, a mobile app with details regarding transportation, lodging and more.  

Verge reported that Google is now helping users to find reservations, flights, orders and other information hidden in their mails. Now, when  users conduct a search inside mailbox - its alternate application for Gmail - it would find specifically what they are trying to find. 

Blue Origin of Amazon CEO Successfully Re-Flies, Lands Rocket Safely

Blue Origin successfully launched a suborbital rocket for the second time and landed safely.

A space transportation service organization founded by Amazon’s CEO Jeff Bezos, Blue Origin, has twice succeeded in landing and launching a suborbital rocket, a significant milestone in its struggle to make reusable boosters, the company stated on Friday.

The new Shepard rocket capsule, which has been designed for carrying 6 passengers, took off from a launch pad in West Texas at 11:22 am CST (1722 GMT) and succeeded in return-landing itself minutes later on the launch site, the company reported. 

Blue Origin’s rocket that was flown on January 22, 2016 was the same automobile that was successfully landed and test launched 60 days ago, demonstrating re-usage, Jeff mentioned in his post on the website of Blue Origin 600 minutes after the flight.

Mr. Musk’s SpaceX successfully brought back a rocket in December to a landing pad in Florida after it took off for a satellite-delivery mission. SpaceX and Blue Origin are amongst those few enterprises trying to manufacture rockets capable of self-flying to Earth so they could be flown and refurbished again, possibly cutting down launching costs.

On Sunday, SpaceX made an effort for landing a rocket on a platform that floated in the Pacific Ocean, but a landing leg of the booster failed which resulted in the overturning and explosion of the rocket. Now, Blue Origin is conducting flying operations of suborbital rockets, which are not fast enough for putting spacecraft into orbit across the world. It is trying to work on a rocket engine which is more powerful, with testing to be done in the beginning of the current year.

In other news, Amazon has recently announced Echo speaker. At a time when Super Bowl is about to launch, sports update to Alexa has added to capability for telling scores of live sports. By Sports Update in Alexa app, one could receive personalized updates regarding only the sports and teams of interest. It is similar to the Flash Briefing for sports that focuses on news.

The update is also bringing movie showtimes and other information to Alexa’s knowledge base. Express has reported that the American e-commerce company is offering an opportunity its customers to use the promotional code BIGTHANKS to avail a discount of £10 on every order that is offered at a price of £50 on its retail webpage.  In this manner the company would thank its loyal shoppers in Britain. The customer-friendly deal will expire at midnight of January 22, 2016.

The online trading giant offered the discount code after it started to lead  the yearly United Kingdom Customer Satisfaction Index (UKCSI).

Ford Tests Fleet Of Autonomous Cars In Bad Weather Conditions

The automobile company is the first to test their autonomous cars in snowy weather.

Many tech companies are now starting to work on their own autonomous car technology. So far, many such cars have been tested in normal weather conditions, while Ford Motors has had a fleet ready of self-driving cars to be tested in snowy conditions, which is considered as one of the toughest weathers for drivers.

According to a video recently released by the automobile company, a fleet of Fusion cars has been seen running and driving around in snow-covered streets of Michigan. The cars use LiDAR data to get information and location of major landmarks that are in the surroundings of the car and have built-in maps on high-resolution technology. Global Manager at Ford Motor, Greg Stevens empathized on the sensing technology in the car, which is built all around it.

The sensors first collect the data near the vehicle. Secondly, it is fed into the computers that are installed in the automobile, which the use algorithms to come up with conditional ‘what if’ planning. For the dry weather, the company is working with the University of Michigan’s College of Engineering to create the 3D maps.

Other than Ford, Google is also working on its autonomous cars and making them familiar with the bad weather conditions. This trend is likely to grow onwards. This first self-driving car test was carried out in such an environment.

In other news, the automobile giant is also launching a new global model through which it will be able to avail data and separately earn revenue from customers without the sale of its autos, according to the company. This will be known as the FordPass, which will be revealed at Detroit’s Auto Show to be held on Monday. This service will be available to all the customers regardless of whether they own the company’s car or not.

In order to attract potential customers, Ford will open up FordHub in various cities including London, New York, San Francisco and Shanghai, but customers will need to go to a Ford Dealer in order to purchase a vehicle.

The CEO stated on the matter that this is a major strategy to expand and go beyond the core business. Mark Fields said that in time, the transportation service market could be worth $5.4 trillion annually and Ford’s share in that pie, right now, would be zero. Thus, it is aiming at increasing its services beyond the actual business to prosper in the market.

Amazon Expands Global Selling Service With Almost 6000 Merchants Now

With the expansion of its global selling program, Amazon intends to dominate one of the largest Asian markets.

Amazon’s Indian marketplace is rapidly extending its global seller program, which permits its third-party businesses to deliver home furnishings, ethnic apparel along with other items to customers in nine overseas markets, including Germany, US, UK and Japan.

Now, over 6000 merchants in India use Amazon Global Selling as compared to only 200 merchants in May when the facility was introduced. Merchants then could only deliver to the customers of Amazon in UK and US. Out of the 6000 merchants, a significant number has signed up for the logistics service of the Seattle based company, known as Fulfillment by Amazon, said official of Amazon, Eric Broussard. He refused to reveal the exact figure though.

Under FBA, third-party merchants of Amazon ship goods to its warehouse even before customers place orders. Logging up for FBA is capable of transforming the business of a merchant, as goods are sold/delivered to consumers in 48 to 72 hours. Even according to the global selling program, Indian merchants who use FBA could get their goods delivered within 1 or 2 days to consumers abroad.

Since its introduction in June three years ago, Amazon India has become the largest threat to its Indian competitors Snapdeal and Flipkart. Up till now, Indian organizations have not ventured overseas, primarily due to the large size of the Indian market.

In 2020, online sales might cross $50bn (about 3.2 trillion INR) from $4.47bn in 2014, financial service ‘UBS’ suggested in April last year. Because India does not let FDI enter the online retail sector, Amazon is working as a market, connecting consumers with third party merchants on its platform. It currently has over 52,000 merchants while adding numerous sellers on a monthly basis.

The global selling program attracts sellers for the company in a manner different from that of its Indian rivals, Snapdeal and Flipkart, which is not sufficient for these marketplaces to become famous among buyers. They also need a large number of merchants who could consistently offer high quality goods that are packed well and ensure their shipping on time.

Amazon is currently offering the global selling service to merchants in its overseas markets. Such selling across the border contributes to around 20% of its total third party sales. For example, sales by Chinese merchants to the North American region increased by 1000% in the past three years, Amazon stated. It is reigning the industry as a dominant force in the market. 

Alibaba Partnered with Nvidia Corp. To Work On Artificial Intelligence

Alibaba's cloud arm Alicloud is collaborating with Nvidia Corporation to boost investment in artificial intelligence and data analysis

Alibaba Group Holding Ltd. is going to be working with the American tech organization, Nvidia Corporation on artificial intelligence and cloud computation, and has planned to enlist around 1000 developers for working on its big-data platform in the upcoming three years. The division of the Chinese e-commerce giant, AliCloud would be making investment in machine learning and data analysis, the company stated on Wednesday.

AliCloud has put $1 billion at stake as it believes that demand for storage and processing from companies and governments would be boosting growth in the upcoming decade as it makes efforts to battle with Amazon.com in the computation industry. Bain & Co has claimed that the investment also reflects Alibaba hunger for processing of information as the online- retail market of China expands to $1.5 billion (10 trillion yuan) by 2020.

The effort made in the field of cloud computation, where services and software are offered to consumers through remote data centers the size of football fields found in the US, prompted Alibaba to establish its second data center in Silicon Valley in last October and develop its first in the European region.

Alicloud is currently expanding its scope beyond basic cloud computation facilities. Chinese Academy of Sciences and the Alibaba’s cloud division jointly established a quantum computation lab to help develop machineries equipped with the capacity to do calculations at a faster pace and safeguard its data centers.

The Chinese online retailer might collaborate with the California based technology company to offer customer support in the fields of high-performance computation and deep-learning, Alicloud stated.

The data compiled by Bloomberg has revealed that Alicloud generates sales revenue by charging fee to clients for utilizing its computation infrastructure. For now, it is contributing to a small part of cumulative revenue, with Internet and computation infrastructure contributing around 3.1% sales in the June quarter.

The business has the potential to contribute over $1 billion to the revenue earned by Alibaba by 2018. SunTrust Robinson Humphrey has revealed that the public cloud is presenting a $120 billion international market opportunity to the online trading giant.

In comparison to that, the revenue of Amazon Web services increased by more than expected 78% to $2.1 billion in the 3^rd quarter. Google and Microsoft Corporation are also battling for renting the computation power and data storage that plays a significant role in building Internet-based technologies.

Register has reported that the measure taken by AliCloud is showing players like Microsoft and AWS that Chinese people are about to enter their markets, and Alibaba has quietly established new data centers to support its newly offered services.

Apple Applied To Government For Setting Up First Brand Store In India

Apple has filed an application to establish its first brand store in India.

Apple is interested in opening its brand stores in India. The American consumer electronics manufacturer is boosting its operations in the country by filing an application for official permission from the government to set up its first flagship brand retail store in the state, the company confirmed.

The most valued business in terms of market capitalization has boosted its Indian operations at a steady pace over time, but the long awaited decision to set up a retail store is probably viewed as a clarified statement that company intends to grow more aggressively in the rapidly growing Asian market.

Apple has confirmed the application filed to the department of Industrial Policy and Promotion of India, which in case of acceptance, permits it  to set up its first solo brand retail store. Until recently, the comparatively expensive iPhones have not been able to compete easily in the Indian cost-conscious market for electronics – although won an image as a valued status symbol amongst consumers but at prices unaffordable for ordinary customers.

In future, the company has viewed India as one that could probably be the replacement for the sales in China that have helped it to grow. Analysts said sales of smartphones in the second largest economy are inclining, as one could find in the industrial economies.

Apple has taken the measure just two months after the Indian government made local purchasing requirements easy for foreign retail outlets, which would give them a longer window for establishing an Indian supply chain.

Previously, India used to require foreign shops in its territory to purchase 30% of their warehouses locally within three years of the investments they have done initially. The effort is underlining an extensive search by Apple to find new markets for growth at a time when some of the Wall Street analysts have predicted that sales of iPhones could fall in 2016.

In contrast, smartphone sector of India grew during the past year, turning into the fastest growing market for the products. Industry estimates revealed that approximately 250 million Indians are owners of smartphones – a level that would probably double by 2018.

The company reacted by shaking up its sales network and bolstering its promotional efforts in 2015. It also ran a major campaign to advertise its iPhone 6S in October last year, which it delivered mostly through neighborhood phone stores and online retailers.

Although Apple has viewed the market of India as too complicated and small to support its advance stores, it has done experimenting with some stores in collaboration with Indian retailers.

Uber fined for not reporting driver data in California

A fine of $7.6m has been imposed on Uber for not reporting driver data in California

 The California Public Utilities Commission agreed with a recommendation of a judge to impose a fine of $7.6 million on Uber for its failure to meet the requirements of reporting data in 2014.

The company would be appealing the decision, but has agreed to disburse the fine for the avoidance of its license’s 1 month long suspension in the state. Spokesperson of Uber has stated “While we are disappointed by the decision, we look forward to making our case to the California Court of Appeals, In the meantime, we will pay the fine and continue to work in good faith with the Commission.”

Although the fine is comparatively small for the valuation of the company at 62.5bn, it has underscored the competitive and regulatory conflict of the business model of the transporter is facing across the world.

Uber uses a smartphone application to battle with the cab industry by connecting riders and contracting with motorists. The drivers utilize their own vehicles for the facility.

Most of the tension which has swirled around the California based enterprise and other cab service providers is whether or not they must be facing the same regulatory scrutiny as conventional cabs.

California believes  they must. In June, a state labor commissioner took the decision that a driving partner of Uber was not a contractor and a worker- a judgment that was not binding, but is capable of setting a precedent for motorists to finally demand more pay and perks.

30 days later, an administrative law judge made a recommendation that a fine should be imposed on Uber and it should be suspended from running in California as it had failed to report data of drivers.

Uber appealed in August 2015, and a revised judgment was publicized on Wednesday, suggesting an increase in the fine to $7,626,000 as a contempt fine of $1000 was added.

The PUC states driver data is essential for determination of whether or not the transporter is providing services to all riders in any area. Cabs should also be complying with those regulations.

The main competitor of Uber, Lyft has succeeded in complying with the regulatory authorities. Since then, the ride sharing enterprise has provided PUC all the demanded data, though it has disagreed with the means employed to calculate the $7.6m fine.

In other news, Bloomberg has reported that CEO Travis Kalanick has stated People’s Republic of China would be surpassing Silicon Valley in entrepreneurship, invention and innovation. Travis stated at the “Geekpark” conference held in Beijing on Friday.

Samsung Signs Settlement With Former Workers Diagnosed With Cancer

Samsung made an announcement of a final settlement with workers who were diagnosed with cancer from working at the semiconductor plants and has also agreed for an inspection in its factories.

Samsung Electronics made an announcement on Tuesday that it has made a final settlement over former workers working in its plants, who were diagnosed with cancer. This agreement will enable the improvement of health and safety condition at the plants. Not only this, but it has also agreed for independent inspection.

Samsung Electronics workers were employed at the semiconductor plants and were later diagnosed with cancer. Almost 244 workers became victims of the health issue who worked there. This recent settlement between the two parties enables a comprehensive inspection of the company’s facilities and achieves reports on critical areas to look and improve for safety purposes to avoid such problem and diseases in future. Employees have the right to work in a safe and healthy environment and if any business cannot provide such, it should not be established to begin with.

The 244 individuals, who were victimized by the Galaxy maker, were reported to develop unusual diseases and unfortunately 87 of them died. An official of the company said, “In the big picture, it is correct to say everything has now been settled, but Samsung remains open to talks as the agreements are put into practice.”

The tech giant did issue a public apology a year ago to employees who caught diseases from the toxic chemicals used in the production centers of the company. However the tech business denied having any connection to the diseases its workers caught in the past, it has now come to terms with what actually happened was the problem of the company.

Kwon Young-Eun informed AFP, “Samsung has refused to discuss the issues of apology and compensation with us. We will continue to demand Samsung address these issues properly.” The company says it has provided financial compensation to almost 100 to 150 families; however, one victim said that the apology was not completely accepted by all the families.

The compensation provided to the families will cost the organization around $100 billion, which is a huge amount. It also made a statement showing its relief that a settlement has finally been reached and it showed its cooperation by informing the public that it will do everything in its power to improve the health and environment of its facilities, so that employees can work in a safe place.

In the past, Samsung denied having any links to the diseases that were reported by the employees, such as leukemia and many others. However, now it is taking responsibility of its actions and making efforts to change whatever is possible. 

Amazon Penalized For Not Reporting Workplace Injuries

A fine has been imposed on Amazon for its failure to report job-related injuries in its warehouse in New Jersey.

The American authorities have fined Amazon, which has suffered from a failure to report at least 26 job-related injuries and diseases in a warehouse in New Jersey in 2015, a federal authority stated. The most recent indication that employees with lower wages who run for fetching online orders frequently bear the pain caused by convenient, speedy supply of goods.

A citation has revealed that the online trading giant is facing a fine of $7000 along with demands to change the work environment of its warehouse. The action has stemmed from an inspection conducted by the Occupational Safety and Health Administration that Amazon was unable to report job-related injuries, exposed workers vulnerable to risks of amputation, and failed to give protective gear.

Medical workers recruited by the company also offer facilities beyond their capacity when making efforts to meet the medical needs of workers. As the online sales of Amazon have boosted, analysts have projected that the revenue would be climbing 20% to $107.2bn in 2016. Thus, it needs to extend its network of fulfillment centers and employ more employees for the completion of online orders.

During the most recent holiday season, Amazon made an addition of over 100,000 additional staff, who have been tasked to pick up goods in warehouses as huge as many football fields. Two years ago, a temporary employee at a warehouse of the company in New Jersey was killed as he was crushed in a package-sorting conveyor system.

Amazon’s executive, Craig Berman, had not initially responded to a request for commenting. The federal authority told warehouse employees are vulnerable to stress from recurrent waist bending during shifts that last for 600 minutes or more. “The on-site medical unit provided medical care beyond what is allowed by their licensing and certification, without the supervision of a board-certified qualified medical professional licensed to practice independently."

The citation has given 15 working days to the ecommerce company for the payment of fine and compliance with the request of OSHA, seek an unofficial conference from the authority, or challenge the findings in the Occupational Safety and Health Review Commission.

In other news, Mirror has reported that Amazon is offering a discount of 20% on the price of television and flagship tablet. The company is also providing a 20% discount to members of Amazon Prime on newly offered video games for countering GameStop, Best Buy, and EA Access for players and gaming enthusiasts. 

Alibaba Organizes Consumer Electronics China Show In Shenzhen To Pull Consumer Electronics Makers To Tmall

Alibaba's trade show in  Shenzhen would allow electronics giants to establish more stores on Tmall.

Alibaba is about to organize a trade show. It is entering the trade exhibition industry of China this year to reap up more business for its electronic retail operation. The Hangzhou-based organization’s business to consumer marketplace ‘Tmall.com’ has collaborated with the Internationtionale Funkausstellung Berlin, also called ‘IFA’, to inaugurate the “Consumer Electronics China” show in Shenzhen from April 20 to April 22.

Alibaba’s official, Yin Jing, made an announcement of that competitive and alliance local trade show in a speech made at the CES in Las Vegas. He did not disclose details regarding the enterprises expected to take part in the show, but made assured that many newly emerging businesses and global brands will participate and set up their online stores on Alibaba’s Tmall.

The yearly IFA show, which has been organized by ‘German Association for Entertainment and Consumer Electronics’ and ‘Messe Berlin’ together, is a well-known prestigious show for home appliances and electronics.

Technology research organization Gartner’s Sandy Shen, yesterday told about the Alibaba’s efforts to make sure that a new prominent trade show is established, which would not only play a role in helping vendors in Shenzhen, but also enhance the competitiveness of Tmall as an online trading platform for so-called ‘3C devices’ – consumer electronics, computers and communications.

“Alibaba wants to grow the consumer electronics business on Tmall, which is still dwarfed by JD.com,” Shen exclaimed. Recently disclosed data by the firm has shown that the gross merchandise value for 3C products’ online shopping in China reached HK$198.07 billion (168.06 bn yuan) in the first six months of 2015.

iResearch indicated Tencent-backed JD.com captured 59.2% of the consumer electronics market, while Tmall cornered 27.10% of that segment.

Shen said the newly planned trade show organized with IFA “can help Tmall differentiate from JD’s consumer electronics business by becoming a platform for new and innovative products”.

The Germany based association, which is supporting the IFA, has 14 corporate associates, which include electronics maker ‘Philips’, high-tech domestic appliance manufacturer ‘Miele’, German divisions of Panasonic Corporation, Samsung Electronics, Sharp and Sony.

Analyst at Forrester Research Charlie Dai said, “The new trade show will help Alibaba expand its consumer technology ecosystem.” For Shenzhen suppliers of consumer electronics, the new show can play a role in helping their sales to grow amidst the sluggish growth of the country.

In other news, the Chinese ecommerce company has established a brick and mortar store in the Northern Chinese port city of Tiajin to attract consumers interested in purchasing imported goods. The shop is opened to bring overseas goods, ranging from snacks to cosmetics, closer to customers at home. The new store is set up in a retail outlet covering a space of 20,000 square meters.