Online retailer eBay is setting up a brick and mortar store in Wolverhampton, England which will provide small business with the opportunity to sell their merchandise over one month. There will be 40 businesses participating in eBay's Retail Revival programme which is an experiment to help small companies take better advantage of the opportunities online and harmonise the relationship between local shops and e-commerce. eBay confirmed that business participating in the programme have exceeded 2 million in sales just six months from their inception and have benefited from a range of training programmes provided by eBay. eBay is encouraging other companies to take advantage of its free interactive workshops and training seminars.
Rob Hatterell, Vice President of eBay in the UK states that “The small retailers taking part in Wolverhampton’s retail revival have already shown that physical and online retail can thrive together.
Alibaba Extends E-commerce Service Outside of China
China’s e-commerce giant Alibaba is set to offer its services to customers outside of China who wish to sell goods on its platform. AliExpress enables small to medium-sized business in China to sell products overseas in over 150 countries. Alibaba has now extended its services to companies in Italy, Russia, Spain and Turkey, and hope to further extend its services to other international markets in the future. Alibaba’s global expansion is to compete with the worlds’ largest online retailer Amazon. However, Alibaba’s presence in China is unrivalled, and they are expected to surpass the US this year as the biggest retail market in the world.