--> Skip to main content

Instagram plans to enter in the world of e-commerce business

USNMix Report: Instagram will keep steps in the world of E-Commerce,
threat to Amazon and Alibaba.

At present, there are few companies in the field of e-commerce, including China's Alibaba and Jedi.com and American companies are Amazon, eBay and Walmart. E-commerce business grew to 2860 billion in 2018.

Currently Amazon has a monopoly in online business, but this could endanger the arrival of approximately 10 lakh global users in this area of Instagram. The new chief of the Instagram, Adam Mosseri, has said that he has this plan. Speaking on the company's further strategy from an English newspaper in its first public interview after assuming office in October last, Mosseri said that his plan for the company is to add a large number of shopkeepers, vendors and Instagram users. 
Instagram plans to enter in the world of e-commerce business

According to the news, Mosseri plans that the basic aspect of the acquisition of Facebook's photo sharing platform, Instagram in which users display their uploaded photos to other users - have to be behind and convert it into a sales portal. Although in proportion, the share of global purchases is very low, but the e-commerce business is increasing and the digital commerce 360 is expected to increase its global sales to 2.86 trillion (2860 billion) in 2018.

At present, there are few companies in this area, including China's Alibaba and Jedi.com, and American companies are Amazon, eBay and Walmart. The photo sharing app however started pilot program of direct sales in March but it was limited to just 20 brands. These brands include Zara, Barberi, Michelle Course, Nike, Adidas, Prada, Unicello, Deor, Oscar de la Renta and H & M etc. Payment is done using PayPal technology.

Comments

Most View Product

Airtel develops Wifi hotspot areas at 500 locations across the country

USNMix Report: Airtel's gifts to millions of customers,

Micro-Loan Distribution decreases 15 percent in December QTR

USNMix Report: Micro-Loan Distribution Dips 15 Percent in the December Quarter

IAF used fighter jet 'Mirage 2000' to counter the attack in Pulwama

USNMix Report: Air strikes on Pakistan: If we had Rafale,