Some of the details are vague, but businesses and individuals selling items via Amazon.com experienced a generally successful holiday season. According to figures released by Amazon, more than 23 million items were ordered worldwide from sellers on Amazon on Cyber Monday, a more than 40% increase year-over-year.
All was not quiet on New Year’s Day for online retailers and their customers. According to Verizon Retail Index data, broadband traffic attributed to e-commerce shopping activity reached new heights over the New Year’s holiday weekend.
Expansion plans for Alibaba Health Information Technology, the healthcare subsidiary of e-commerce giant Alibaba Group, have stumbled as its US$2.5 billion acquisition of its parent's online pharmacy business was delayed. (South China Morning Post)