Amazon saw some big changes in online shopping this Christmas

(Image credit: Amazon)
  • “The ecommerce giant has released a new blog post in which it revealed that it delivered more than 1.5bn toys, home products, beauty and personal care products and electronics to its customers all over the world.
  • At the same time, third party sales on Amazon rose by more than 50 percent year-over-year worldwide.
  • If this turns out to be true, it would represent a year-over-year increase of 28 to 38 percent and mark the first time the ecommerce giant has brought in over $100bn in a single quarter.
  • According to Mastercard SpendingPulse, ecommerce sales in the US grew by 47.2 percent year-over year from November 1 to December 24 as more consumers preferred to shop from the safety of their homes.”

13 acquisitions highlight Big Tech’s AI talent grab in 2020

  • “In early 2020, news emerged that Facebook had acquired London-based computer vision startup Scape Technologies
  • Though this acquisition was actually finalized in December 2019, it wasn’t until February that Facebook confirmed it had quietly bought London-based deep learning research startup Atlas ML.
  • In November, Facebook confirmed it was buying New York-based customer relationship management (CRM) platform Kustomer in a deal thought to be worth $1 billion.”

13 acquisitions highlight Big Tech’s AI talent grab in 2020

How digital transformation and AI can help businesses navigate volatility

  • “According to our COVID-19 B2B Buying Trends Report, 37% of businesses have been primarily purchasing through digital channels since the start of the pandemic, a 29% increase compared to before. That figure is expected to rise to 40% post-pandemic.”

U.S. holiday retail sales rise 3% as online shopping booms- Mastercard report

  • “U.S. retail sales rose 3% during this year’s expanded holiday shopping season from Oct. 11 to Dec. 24
  • U.S. ecommerce sales jumped 49% in this year’s holiday shopping season,
  • Holiday e-commerce sales made up 19.7% of total retail sales this year, the data showed, noting that options such as buy online and pick-up-in-store, contactless technologies were key for retailers.”