“Zhou Bowen, head of AI at JD.com, said the company’s AI-powered SnapShop, which allows users to take a photo of a product and provide identical and similar product recommendations, is helping it grow business in smaller cities and among young female consumers of fashion and beauty products, all of which are growth markets for JD.com.”…
Tag: AI eCommerce
eBay Works to Disrupt Ecommerce at Recent Hack Week
“What happens when over 3,000 employees globally spend a week innovating and reimagining the eBay experience? Magic. This is the word eBay’s Director of Innovation Programs, Nousheen Eslambolchi, uses to describe Hack Week — eBay’s annual week-long program aimed to cultivate new ideas and disrupt ecommerce.” https://www.ecommercebytes.com/2019/07/10/ebay-works-to-disrupt-ecommerce-at-recent-hack-week/
How will ecommerce take shape in 10 years
“The report forecasts that online sales will overtake store-based sales within 8-10 years, with online accounting for 53% of total retail sales by 2028.” https://tamebay.com/2019/07/will-ecommerce-take-shape-10-years.html
Internet advertising, ethical AI, building sales momentum: 5 killer stats to start your week
“Internet advertising will account for 52% of global advertising expenditure in 2021, exceeding the 50% mark for the first time. This is up from 47% this year and 44% in 2018. Some 62% of consumers would place higher trust in a company whose artificial intelligence (AI) interactions are perceived as ethical.” https://www.marketingweek.com/internet-advertising-ethical-ai-building-sales-momentum-5-killer-stats-to-start-your-week/
How in-app bot fraud ruins the online shopping experience
“Shopping apps are big business. Research from Apptopia shows that downloads of shopping apps reached 5.70 billion in 2018, up 9.3% over 2017. What’s more, these users stick around: 48% of consumers still use an ecommerce app one month after its initial download, compared to an average retention rate of 43% across verticals. How do…