Surpassing last year's gross merchandise volumes, Alibaba's 13th annual 11.11 global shopping festival brought in 540.3 billion RMB ($84.5 billion) in gross merchandise volume, the e-commerce company announced last week. A record 290,000 brands participated in this year's shopping festival, nearly two-thirds of which were small and mid-sized businesses,
Alibaba Group kicks off Singles Day shopping festival with focus on sustainability After the success of its previous sales extravaganzas, Alibaba is hosting its 13th annual 11.11 Global Shopping Festival, the company announced on Wednesday. It will take place across two periods: the first between Nov.
In-store augmented reality features animate products on virtual models and point shoppers to compatible items, bringing the most useful elements of online browsing to physical retail. Augmented reality’s accessibility—based on the mobile camera people already have in their pockets—makes it a valuable medium for online shopping and content marketing that
There have been some fab retail initiatives over the last few months and here are just a few. L’Occitane en Provence L’Occitane en Provence is evolving its experiential retail strategy with the launch of the L’Occi Truck – the first-ever travelling shop experience for the brand. The retail store
According to a study by Juniper Research, global spend on artificial intelligence or AI is expected to increase from an estimated $2 billion in 2018 to $7.3 billion per year by 2022. Pair that with the fact that, according to PointSource, 34% of consumers will
In an age where offline sales are declining while online is experiencing growth, it looks like one form of shopping in replacing the other. Alibaba’s AI fashion assistant thinks differently. It brings both worlds together by helping shoppers append in-store finds with what they can
Alibaba has revealed new technology allowing users to pay for goods within a virtual reality shop simply by nodding their heads. VR Pay is the latest technological innovation from the Chinese ecommerce giant aimed at streamlining their online shopping process, and is slated for release by
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