Tag: Ecommerce

LG Electronics  Kenya Launches an Online Shopping Platform

LG Electronics Kenya Launches an Online Shopping Platform

Business, Internet
The e-Commerce sector in Kenya is developing at a high rate to keep pace with the ever changing technology. On this note, LG Electronics is now tapping into the online space with the launch of an independent e-commerce channel in an effort to increasing the company’s footprint in the country. According to LG, opening the online platform the company is increasing its products’ availability beyond the physical stores. "We are thrilled to launch online shopping in Kenya,” says Janghoon Chung, Managing Director East and Central Africa. “This significant milestone fully rounds out LG’s multichannel offering. Along with seven retail stores and products available in major supermarkets, our customers in Kenya will now have twenty-four-hour access to the best of our innovative, genuine and qualit

Walmart acquires Jet.com for $3B to rival Amazon

Business, Internet
Walmart has taken its biggest digital commerce stride against Amazon. The retail giant announced that it would be acquiring Jet.com — an online-only shopping site that has been live for a little over a year — for $3 billion in cash, plus up to $300 million in shares for the founders and others at the company. Jet.com will continue to retain a separate brand, Walmart said today, as part of Walmart’s strategy to widen the types of consumers that it targets beyond Walmart’s core user base today; and also to broaden the companies that it works with to serve those customers. Marc Lore, the CEO of Jet.com, will lead both Jet and Walmart online, taking over from Neil Ashe. “This is Walmart being even more committed to winning in e-commerce,” said Doug McMillon, president and CEO of Walmart, i