Ecommerce - 15to19th Jul2019!

This week was definitely marked by Primeday amazing results. Amazon’s Two-Day Prime Day Outsold Its 2018 Black Friday and Cyber Monday Sales, Combined!! Great results and great to see so many brands joining this new “ecommerce day”

We also saw this week a major announcement with online shopping taking #2 spot in the 520 Bln US retail Market. Even if the online business % is still way smaller than rest of retail, it's growing step by step

Mercado Libre preps to offer investment platform for e-wallet users. Latin America’s top e-commerce platform, is taking another step into the banking world. MELI will start allowing Mexican users of its e-wallet to earn interest on money saved in its app by year-end.

While we talk a lot about the negative impact of the possible trade war between China & US, some countries could highly benefit if the situation worsen. Companies like Zilingo could be one of the biggest winner of such shifts.

While Apple, Alibaba, Mercado Libre and many other major online players and marketplaces have already made strong moves into the payment space, it’s now Ebay joining with a 5.5% stake in India’s payment mall

While online grocery is just getting started, strong momentum across the globe in this ecommerce category. Gurugram-based online grocery platform Grofers has raised $10 million as part of its ongoing Series F round from Abu Dhabi-based entity Capital Investment LLC. Online grocery shopping represent only 2-3% of total sales and expected to grow significantly in the coming years.

Stock of the Week BABA:

You might want to start a bet on Alibaba (BABA), if you haven’t done so yet. Stock has been recently upgraded to Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, a very bright outlook for one of the global powerhouse of B2C & B2B online shopping and global trade facilitation. 

Enjoy the reading. Cheers

Nabil