Ken Wisnefski spoke to Women’s Wear Daily Financial Editor Arnold Karr on Ecommerce giant Alibaba’s 3rd Quarter.
In Alibaba’s first earnings report, mobile Gross Merchandise Volume (GMV) as a percentage of total GMV, was 35.8% of their total GMV, and more than double what it was last September.
Ken felt that Alibaba’s experience, both inside and outside China, was drawing attention to what he described as a “tidal wave of consumers making mobile purchases on their smartphones and tablets all over the world. The main story for holiday retail is going to be mobile,” he predicted, “and how people are not only moving to making purchases through mobile devices but also making payments on their mobile devices. And Alibaba is well set up for that.”
Published by Kenneth Wisnefski
Kenneth Wisnefski is a serial web entrepreneur currently on his 3rd successful startup. His previous ventures include VendorSeek.com (founded in 2001, sold in 2008), ImpactDirect (founded in 2005, sold in 2008) and WebiMax (founded in 2008). Mr. Wisnefski is an expert source in entrepreneurship, small business, online marketing, social media, and online security. Under Mr. Wisnefski’s leadership, WebiMax has grown from a small startup with 4 employees in 2008 to 130 employees and $8 million in revenue in 2011. WebiMax works with over 600 clients worldwide from individual and small business to large firms including Aeropostale, DirectTV, Marriott, and Toshiba. WebiMax’s core products and services include Social Media Marketing, Search Engine Optimization, Website Design and Development, Paid Search, E-Commerce, and Search Engine Marketing.
View more posts