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Ecommerce

Chinese iPhone sales up 16% in June shopping festival [Video]

Chinese iPhone sales got a welcome boost last month thanks to Apple’s decision to participate in one of the country’s annual “shopping festivals.”

The 618 Shopping Festival peaks around June 18, with many retailers and e-commerce firms offering significant discounts …

The festival started back in 2004 as an anniversary promotion for online retailer JD.com, but South China Morning Post notes that it has since become a huge cross-retailer event.

Starting this week, Chinese netizens have been bombarded with online promotions promising them a share of billions of yuan in shopping subsidies, and offers of refunds if they find a better price on another e-commerce platform.

It is all part of “618” – an event that began as a simple June 18 anniversary promotion for online retailer JD.com in 2004, but has since grown into a huge midyear shopping extravaganza embraced by all the major e-commerce platforms vying for a piece of the consumer …

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Ecommerce

Prepare and Ecommerce Business for Sale [Video]

You've worked hard to build a successful ecommerce business, but you are ready to move on to your next adventure. So how do you do it? How do you value your business? What sort of information will you need to provide to potential buyers?These are just the sorts of questions CommerceCo by Practical Ecommerce members can ask when Mark Daoust of Quiet Light Brokerage will discuss when he joins us for this live interview.---Since founding Quiet Light Brokerage in 2007, Mark has personally helped dozens of small business owners and entrepreneurs and has also expanded Quiet Light to the team it has today. In building out a team of advisors to help other small business owners, Mark has always emphasized the importance of honesty, working in the client’s best interest (even if that means not working in his own best interest), and thorough preparation of all listings before they are brought to market.