Ecommerce Weekly – Top Amazon and eBay News: Nov 18, 2016
Welcome to Ecommerce Weekly, SellerExpress' review of the top ecommerce, Amazon and eBay news from around the Web this week. Alibaba smashes all Singles Day sales records: Chris Dawson at Tamebay reports that Alibaba smashed all sales record on their annual 11/11 Singles Day, with sales of RMB 120.7 billion ($17.79 billion) in gross merchandise volume in just 24 hours. Thats up around a third on last year’s Singles Day and across 235 countries and regions. Other records smashed were RMB 98.97 billion ($14.6 billion) in GMV generated on mobile devices and 657 million delivery orders. Continue reading... Amazon takes counterfeit sellers to court for first time: Ari Levy at CNBC reports Amazon has filed lawsuits against counterfeit sellers, after a number of sellers complained that knockoffs were killing their sales and endangering consumers. On Monday, Amazon filed suit against a group of sellers for infringing on athletic training equipment developed by TRX. In a second case, Amazon sued sellers who are offering fake versions of a patented moving product called Forearm Forklift. Continue reading... eBay hikes seller fees for Half.com up by 200%: Ina [...]