Facebook ending Gifts program, still dabbling in e-commerce
Facebook is shutting down its digital Gifts business even as the social network is continuing to experiment with other forms of e-commerce. The company has dipped its toe in the retail waters several times, and then winding up. In recent weeks, however, Facebook has tested a “Buy” button that would let other companies sell directly to Facebook users through ads on the social network. CEO Mark Zuckerberg added that Facebook will also gradually expand its efforts to process online payments on behalf of other companies, although he stressed, “Our main business is advertising.”
India Emerges As Most Attractive E-commerce Destination
India is becoming a hotspot for e-tailers due to large numbers of first time consumers who are constantly on the lookout for aspirational products and services. According to Euromonitor International, a market intelligence firm, India's e-tailers market increases by 20 percent last year by value. In terms of culture and investment barriers, India is much more accessible. Many leading e-commerce sites like Flipkart, Amazon, eBay and Snapdeal are making a niche in the local market.
SingPost, Completion Of Issuance And Transfer Of Shares To Alibaba Group
Further to its SGX announcement on 28 May2014, SingPost has received all the requisite regulatory approvals in relation to the issuance and transfer of shares to Alibaba Investment Limited. In total, 220.096 million new ordinary shares and existing treasury shares were issued and transferred today to Alibaba Investment Limited, a wholly-owned subsidiary of Alibaba Group Holding Limited, in accordance with the terms of the Investment Agreement. With the completion of the issuance, Alibaba Investment Limited will hold a 10.32% stake in SingPost. Mr Chen Jun, Vice President in the Alibaba Group and Managing Director, Alibaba Strategic Investment, has been appointed to the SingPost Board as Alibaba’s representative effective 31 July 2014.
New Zealand Post hires Vodafone to transform IT network
New Zealand Post has awarded a big new IT contract to telecommunications giant Vodafone. The five-year deal awarded after a competitive tender process will see Vodafone providing the postal operator’s IT services in a new way. The new IT contract will be delivered in a “Network as a Service” approach. The new service will be rolled out between now and the end of next year, with Vodafone providing a range of services including network connectivity, voice services, Wi-Fi and video conferencing, along with a “comprehensive” suite of security services.
PHLPost, Procurement Service Hub in Mindanao launched
Philippine Post (PHLPOST) and the Department of Budget and Management (DBM) launched the first ever DBM Procurement Service Hub in the PHLPOST regional office in Barangay Macabalan. This is the first ever hub in the country and it is just the beginning of a logistics service that they are moving not only with DBM but eventually with the Department of Health (DOH) and Games and Amusement Board (GAB).
EBay to Experiment With Selling Mechanics’ Services
EBay Inc. plans to experiment with selling auto mechanics’ services alongside car parts in an expansion of the e-commerce company’s offerings. The plans indicate that EBay is seeking to capitalize on the boom in online services and sharing applications. Companies such as Uber Technologies Inc. and Airbnb Inc. have created online marketplaces for car rides and room rentals and shown that Web companies can sell services as well as hard goods.
New tools help Posts and Customs know each other better
National Posts and Customs tend to deal with each other on an ad hoc basis. The UPU and the WCO now want these entities to firm up their relations, as demands for increased screening of postal items and speedier customs clearing of goods require them to work more closely than ever at the national level. The WCO governing council also approved a new WCO-UPU Postal Customs Guide, a textbook of sorts for postal and customs administrative staff who need to get acquainted with the processes, standards and tools used to move mail across borders and clear postal items through customs.