According to data provided by the Census Bureau of the Department of Commerce, the estimate of U.S. retail e-commerce sales for the second quarter of 2017, adjusted for seasonal variation, but not for price changes, was $111.5 billion, an increase of 4.8 percent from the first quarter of 2017. Total retail sales for the second quarter of 2017 were estimated at $1,256.2 billion, an increase of 0.5 percent from the first quarter of 2017. E-commerce sales in the second quarter of 2017 accounted for 8.9 percent of total sales. Chineseinvestors.com, Inc. (OTC: CIIX), Amazon.com, Inc. (NASDAQ: AMZN), Alibaba Group Holding Ltd (NYSE: BABA), JD.com Inc. (NASDAQ: JD), eBay Inc. (NASDAQ: EBAY).
Globally, retail ecommerce sales are expected to continue to post solid gains in 2017 according Emarketer, rising 23.2% to $2.290 trillion. “This year, for the first time, ecommerce sales will account for one-tenth of total retail sales worldwide. China and the US will combine for $1.584 trillion in ecommerce sales this year, representing 69.1% of global ecommerce. In 2017, mobile commerce will account for more than 70% of ecommerce sales in both China and India, and 59.0% in South Korea. In Germany, the UK and US, mobile commerce will comprise at least one-third of total retail ecommerce sales,” Emarketer reports.
Chineseinvestors.com, Inc. (OTCQB: CIIX) just earlier today announced breaking news that its wholly owned subsidiary, ChineseHempOil.com, Inc., launched its OptHemp product line on Amazon.com kicking off a multi-channel campaign geared to both the US and Chinese-American markets during the 9th annual Singles Day Celebration.
This commences the e-commerce marketplace initiative that the Company set into motion in early June through a strategic partnership with a top 100 platinum level partner seller on Amazon Marketplace that has agreed to include the OptHemp product line in its limited catalog for resale through the Amazon Channel. This partnership brings to the OptHemp product line, the full weight and power of a national sales and marketing agency that specializes in providing business solutions including headquarter sales services, analytics, insights and intelligence, retail services, marketing, digital technology and business process outsourcing. The OptHemp products launched on Amazon.com represent the Company’s first use of Amazon for product sales.
“We are excited about the Amazon launch for Singles Day, 11/11/ 2017. Guanggun Jie which translated literally means ‘Single Sticks’ Holiday’ is an entertaining festival widespread among young Mainland Chinese people, to celebrate being single. This festival has become one the largest offline and online shopping days in the world, and as it has morphed into a global shopping holiday in the last several years; therefore, we thought it was the perfect day to launch with Amazon.com in advance of the holidays,” said Warren Wang CEO.
The Company also has plans to launch two new, first-of-their-kind products that will be available on Amazon.com before the Black Friday and Cyber Monday shopping extravaganzas. With two product lines launching on Amazon.com, the Company hopes to make the most of the upcoming holiday buying season positioning itself to earn generous revenues.
The entire OptHemp line can be viewed on Amazon.com at: https://www.amazon.com/dp/B076T9452S
Amazon.com, Inc. (NASDAQ: AMZN) is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. Recently, the company and Whole Foods Market announced new lower prices on additional best-selling grocery items and holiday staples at Whole Foods Market stores, including a new lower price on organic and no antibiotic turkeys for all customers – and an even deeper discount on organic and no antibiotic turkeys for Prime members. This offer is a sneak preview of the special savings and in-store benefits Prime members can expect when Prime becomes the official rewards program of Whole Foods Market.
Alibaba Group Holding Ltd (NYSE: BABA) enables businesses to transform the way they market, sell and operate. The company provides the fundamental technology infrastructure and marketing reach to help merchants, brands and other businesses to leverage the power of the Internet to engage with their users and customers. Recently, the company announced that US$25.3 billion (RMB168.2 billion) of gross merchandise volume (GMV) was settled through Alipay on November 11, 2017, an increase of 39% compared to 2016. Mobile GMV settled through Alipay accounted for 90% of total GMV. The 11.11 shopping festival began in 2009 with participation from just 27 merchants as an event for merchants and consumers to raise awareness of the value in online shopping. Last year, nearly 100,000 brands and merchants participated in the global shopping event, with consumers spending US$17.8 billion (RMB120.7 billion) during the 24-hour period.
JD.com Inc. (NASDAQ: JD) is both the largest e-commerce company in China, and the largest Chinese retailer, by revenue. The company strives to offer consumers the best online shopping experience. Through its user-friendly website, native mobile apps, and WeChat and Mobile QQ entry points, JD offers consumers a superior shopping experience. The company has the largest fulfillment infrastructure of any e-commerce company in China. Recently, the company announced its unaudited financial results for the quarter ended September 30, 2017. For the third quarter of 2017, JD.com reported net revenues of RMB83.7 billion (US$12.6 billion), representing a 39.2% increase from the same period in 2016. Net revenues from online direct sales increased by 38.5%, while net revenues from services and others increased by 46.2% in the third quarter of 2017, as compared to the third quarter of 2016.
eBay Inc. (NASDAQ: EBAY) is a global commerce leader including the Marketplace, StubHub and Classifieds platforms. In 2016, eBay enabled $83 billion of gross merchandise volume. Recently, the company announced it delivers ‘Don’t Wait for Black Friday’ deals before Thanksgiving. With many retailers announcing their top Black Friday deals in advance, eBay will match the prices on many of those same top deals beginning from November 13, making it easy to shop from home or on-the-go and feel confident about receiving the best price available. Shoppers can take advantage of these early deep discounts with new deals every day through November 17, all with fast and free shipping on new items from top brands like Ninja, Samsung, and Apple, among others.