Cyber Monday Online Sales Hit $10.8 Billion [Infographic]

When Americans first started celebrating Thanksgiving in the 19th century, it served as an opportunity for people to cherish the year’s blessings, especially the harvest. While the modern iteration of the holiday certainly serves as an important family get-together, it has also grown into a massive shopping extravaganza. This year’s splurge has once again broken all sorts of e-commerce records with shoppers opting to spend their money online and avoid physical stores due to the Covid-19 pandemic. An analysis by Adobe
ADBE
Insights has found that e-commerce spending amounted to a whopping $34.4 billion during the five-day Thanksgiving break including $10.8 billion on Cyber Monday.

That marks a 15.1% increase on last year’s $9.4 billion, making Cyber Monday 2020 the largest online shopping day in U.S. history. Adobe noted that FOMO – “fear of missing out” – hit consumers hard with the golden hour of retail between 7pm and 11pm

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Amazon Web Services has created a new ‘inside sales’ team

  • Amazon Web Services has created a new sales team responsible for deepening its relationship with customers — more specifically, helping sell more cloud services.
  • Inside sales representative share sales quotas with account managers and are an addition to customer account teams, meant to expand AWS’s reach, according to one company insider.
  • The new team is run by former Comcast VP Mike Eastman, director of Americas inside sales, who joined the company in September in Matt Garman’s sales and marketing organization, according to an org chart viewed by Business Insider.
  • Microsoft has long held up its deep relationships with its customers as an advantage in the cloud wars, where it’s considered a strong second-place player to Amazon Web Services.
  • Are you a Amazon Web Services employee? Contact reporter Ashley Stewart via encrypted messaging app Signal (+1-425-344-8242) or email ([email protected]).
  • Visit Business Insider’s homepage for more stories.

Amazon Web Services has created

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Small businesses who pivoted to e-commerce saw record sales during Black Friday weekend

Almost one-quarter of small businesses closed their doors during the pandemic — but for the few who survived, and pivoted to online sales, Black Friday weekend provided a much-needed boost.

Over the course of the holiday season so far, small retailers have seen an average 110 percent increase in online sales, according to Adobe Analytics.

“That was pretty heartening to see,” said Vivek Pandya, a senior digital insights manager with Adobe Analytics. “There has been a lot of demand and a lot of opportunity for retailers of all sizes to support shopping demand online.”

Small businesses have long made ends meet by offering unique in-store experiences. The pandemic changed that.

“Brick and mortar was our strength, and the website [used to be] just a marketing tool,” said Brian Miller, president of Geppetto’s, a San Diego, California-based toy store. “But when Covid-19 happened, we enhanced the website and improved it and

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Industrial Networking Solutions Market 2020 provides an in-depth insight of Sales and Trends Forecast to 2023

The MarketWatch News Department was not involved in the creation of this content.

Dec 01, 2020 (AmericaNewsHour) —
Kenneth Research has recently added a market research study on Industrial Networking Solutions Market 2023 which provides a complete comprehensive analysis including the data by Segmentations, by Geography and as well as the competitive landscape of the top 10 Vendors in this market

In 2018, the worldwide GDP stood at USD 84,740.3 Billion as compared to the GDP of USD 80,144.5 Billion in 2017, marked a growth of 5.73% in 2018 over previous year according to the data quoted by International Monetary Fund. This is likely to impel the growth of Industrial Networking Solutions Market over the period 2019-2026. As per the Eurostat, the total value of the ICT sector in Europe, including the ICT manufacturing and ICT services, was estimated to be more than EUR 475 billion in 2017

Market Synopsis

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Amazon Cyber Monday Deals 2020: TV, Laptop, and Headphone Sales

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The Amazon Cyber Monday sale is now, with some of the best deals we’ve seen so far. You can dive right into the full sale, or you can jump to one of the categories below:

Shop sale by category:

If you aren’t sure what you’re looking to buy, you can browse our picks for the best discount from the Amazon Cyber Monday sale going on right now. The site is offering a wide range of price cuts, from air fryers to computer monitors, so if there’s a lot to choose from in 2020. You can also take a look at our coverage of the Best Buy Cyber Monday sale or shop our larger list of Cyber Monday sales.

Best Amazon Cyber Monday deals today

The hottest deals for today are on Amazon Echo devices, Fire TV

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Shopify Posts Record Black Friday Sales of $2.4 Billion

Online-shopping host Shopify  (SHOP) – Get Report posted record Black Friday global sales of $2.4 billion as concern about the coronavirus pandemic had vast numbers of consumers choosing e-commerce over brick-and-mortar shopping.

Shares of the Ottawa commerce platform at last check rose 1% to $1,045.12.

The company said that from the start of Black Friday in New Zealand through the end of Black Friday in California, Shopify-powered businesses saw a 75% increase in sales from Black Friday in 2019.

New York, London, and Los Angeles were the top-selling cities worldwide on Black Friday, Shopify said. Top-selling countries included the U.S., U.K., and Canada.

By 8 a.m. Monday U.S. Eastern, merchants on Shopify collectively had crossed $1 billion in sales.

Top product categories globally during Black Friday were apparel and accessories, followed by health and beauty and home and garden.

Sales on Black Friday were made two-thirds (67%)

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Meituan’s third-quarter sales rise as antitrust clouds gather over China’s internet giants



The logo of Meituan is seen on insulated boxes fastened on its food delivery couriers’ motorcycles in the central business district of Beijing. Photo: Reuters


© REUTERS
The logo of Meituan is seen on insulated boxes fastened on its food delivery couriers’ motorcycles in the central business district of Beijing. Photo: Reuters

Meituan, operator of China’s largest e-commerce platform for services, expects “reinforced regulation” to promote more innovation and balance of interests in China’s internet industry, following Beijing’s release of a draft antitrust guideline in November.

“We think the new antitrust consultation paper is supportive of the healthy development of the internet … and helps promote fair competition within the industry,” said Wang Xing, co-founder and chief executive of Meituan, in a conference call with analysts after the market closed on Monday. “As internet platforms become bigger and more important to the economy, regulatory frameworks will also evolve.”

His comments come after Meituan reported third-quarter financial results that beat market estimates, as the domestic economy continued to recover amid increased consumer spending and the steady

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Meituan’s Sales Surge Alongside China’s Appetite for Takeout

(Bloomberg) — Meituan reported a 29% rise in quarterly revenue after China’s economic recovery boosted restaurants and whetted consumers’ appetite for takeout.



a man riding a motorcycle on a city street: A food delivery courier for Meituan Dianping travels along a road in Shanghai, China, on Sunday, Nov. 29, 2020. Meituan is scheduled to release third-quarter earnings results on Nov. 30.


© Bloomberg
A food delivery courier for Meituan Dianping travels along a road in Shanghai, China, on Sunday, Nov. 29, 2020. Meituan is scheduled to release third-quarter earnings results on Nov. 30.

The world’s largest meal delivery service posted sales of 35.4 billion yuan ($5.4 billion) during the July-September period, beating the average estimate of 34 billion yuan. It also logged net income of 6.3 billion yuan, versus a projected 435 million yuan. Profit was bolstered by 5.8 billion yuan in investment gains.

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The strong results affirm Meituan’s bounce-back from the pandemic disruptions of past quarters and could assuage investors worried about the impact of a Chinese antitrust crackdown on the internet sector. China’s third-largest tech corporation is now benefiting from rising travel and restaurant spending

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Global Advanced Distribution Management Systems Software Market 2020 Sales Channels, Technology and Production Analysis, Business Growth by 2026

The MarketWatch News Department was not involved in the creation of this content.

Nov 29, 2020 (CDN Newswire via Comtex) —
Global Advanced Distribution Management Systems Software Market 2020 by Company, Regions, Type and Application, Forecast to 2026 introduced by MarketsandResearch.biz offers exclusive research & analysis on the market that gives analysis on market conditions, trends, inclinations, key players, opportunities, and geographical analysis. The report entails key developments in the global Advanced Distribution Management Systems Software market that demonstrates extensive information pertaining to detailed coverage, with appropriate references of definition, application, and regional scope. The report attempts to track the evolution of the growth path of the market from 2015 to 2020. It also provides long-term market growth projections for a predefined period of assessment, 2020 to 2026. The market is evaluated mainly on segments namely types and applications which cover all the analytical data for current and future markets.… Read More

Best Cyber Monday Apple Deals: iPhone, MacBook, and iPad Sales

It’s still Sunday, but there are already loads of Apple deals rolling in for Cyber Monday 2020. For the latest discounts on Apple tech from across the web, you can browse by the categories below:

Shop sales by category:

We’re already seeing a torrent of deals on all sorts of Apple products including AirPods, iPhones, MacBooks, iPads, Apple Watches, and more. We’ve rounded up the best available Cyber Monday Apple deals for your convenience, and we’ve also included some pointers for shopping these holiday sales to make your shopping experience as streamlined as possible.

Cyber Monday iPhone deals

The newest iPhone 12 Pro and Pro Max are the best iPhones on the market currently, That said, the best Cyber Monday iPhone deals will be on the iPhone 11 and iPhone XS. The iPhone 11 Pro editions feature three camera lenses and a powerful A13 Bionic Processor. They’re slightly smaller than

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