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Jack Ma heads to Africa

More and more e-commerce experts are heading to Africa. This trend shows the potential of e-commerce companies in Africa and the potential ahead. Internet penetration and smart phone use is on the rise, and this can only lead to huge profits ahead for e-commerce companies in Africa.

Jack Ma from Alibaba has recently made the rounds in Africa.

 

 

Found Any Good Deals On Alibaba’s Singles Day?

Found any good deals on Alibaba’s Singles Day?

Here are some interesting facts:

  • Mobile phones accounted for 69% of transactions during the promotion.
  • Transactions had passed last year’s record of $9.3 billion before noon.
  • Top-selling items by retailers included baby-related and nutritional products, Nike sneakers and Levi’s jeans.
  • Alibaba makes money through advertising and charging vendors a proportion of their sales.

Alibaba Explained – from CNBC

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