mobile commerce spending Archives

Mobile commerce at Taobao breaks shopping records

11/15/201311/12/2013 Stephanie Beck

The company managed to bring in sales of over $100 million in under an hour. After only one day into the annual Single’s Day sale in China, Taobao – the leading online commerce marketplace in the country – shattered all previous mobile commerce records, having brought in $164 million (RMB 1 billion) from over 14 million user accounts within the span of under one hour. By the time that 7:35am had been reached, they’d brought in $328 million in smartphone based purchases. In China, November 11, which is also known…

Mobile commerce has grown 24 percent in a year

10/09/201310/09/2013 L. Green

The data from a recent survey has revealed that spending is increasing rapidly over smartphones and tablets. According to the results of a recent study, consumers continue to love everything about their mobile devices and are using them on an increasing basis as a part of their overall shopping experiences through mobile commerce. Consumers are using their smartphones to help them to interact with their favorite retailers. This, according to a mobile commerce report that was recently released in a partnership between the Partnering Group and comScore. What it revealed…

Mobile commerce and search are headed in the right direction

04/24/201304/22/2013 John Montgallo

After observing data over the last consecutive quarters, it is clear that money will be directed to smartphone shopping. Following the release of data from The Search Agency, the report on the topic suggests that there will be an increase in mobile commerce spending as retail and search experience a considerable push over that channel. The study showed that there has been strong growth in every sector throughout this year’s first quarter. The data that was released in the report indicated that, year over year, the mobile commerce spending for…

Mobile commerce in China will pass the $27.1 billion mark next year

03/20/201303/19/2013 Jorge Gonzalez

This is expected to considerably surpass the totals that are generated by shoppers in the United States. China’s online shopping is taking off at a breakneck speed and this is transferring over to multiple channels, including mobile commerce, which will continue to reach record levels by 2014, says a recent study. The massive online shopping company, Alibaba, has released an infographic to demonstrate this success. The most recent estimations include a prediction that there will be 322 million online shoppers who will be spending approximately $285 billion in total next…