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Adobe buys commerce platform Magento for USD 1.68 bln

2018-05-22 08:41:00| Telecompaper Headlines

(Telecompaper) Adobe has agreed to buy commerce platform Magento for USD 1.68 billion, so that it can integrate commerce into its Adobe Experience Cloud, delivering a single platform for both B2B and B2C customers. Adobe said consumers and businesses now expect every interaction to be "shoppable," whether it be on the web, mobile, social, in-product or in-store. The Magento Platform will bring together digital commerce, order management and predictive intelligence into one unified commerce platform so that Adobe can enable shopping experiences across a wide array of industries, such as consumer packaged goods, retail, wholesale, manufacturing and the public sector. Adobe will be acquiring Magento from Permira Funds, with a stake also coming from Hillhouse Capital.

Tags: commerce usd platform adobe

 

Alibaba grows revenues over 60% in Q4, boosted by core commerce, cloud computing

2018-05-07 07:51:00| Telecompaper Headlines

(Telecompaper) Alibaba said it reported solid results for its fiscal fourth quarter to end March, driven by strong growth at its core commerce business and investments made in longer-term growth initiatives. CEO Daniel Zhang said the continuing roll out of the company's New Retail strategy has helped Alibaba's e-commerce platform develop into the leading retail infrastructure of China. During the quarter, the company said it also doubled down on developing its technology, cloud computing, logistics, digital entertainment and local service in order to capture consumption growth in China and other emerging markets.

Tags: core commerce computing cloud

 
 

The Green Chemistry & Commerce Council: 2018 Green & Bio-Based Chemistry Technology ...

2018-04-19 21:27:00| Coatings World Breaking News

Tags: technology green council commerce

 

UK growth forecast raised by British Chambers of Commerce

2018-03-19 01:04:40| BBC News | Business | UK Edition

The BCC raises its UK growth forecasts, but warns the economy will lag behind other major nations.

Tags: growth british commerce raised

 

Commerce Department recommends tariffs on Chinese steel

2018-02-23 12:00:00| National Hog Farmer

Legislative Watch: Steel tariffs proposed, will China retaliate? 17 was banner year for red meat exports; food safety user fee opposed; California proposes adding processed meats to Prop. 65.

Tags: department chinese commerce steel

 

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