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On March 28, 2011, it was announced that eBay Inc. would acquire GSI for $2.4 billion. The deal was closed on June 20, 2011. [18] On June 20, 2013, the company announced that it would be retiring the GSI Commerce name in favor of eBay Enterprise. [19] Magento, Inc. became a part of eBay Enterprise on November 21, 2013.
Electronic business (also known as online business or e-business) is any kind of business or commercial activity that includes sharing information across the internet. [1] Commerce constitutes the exchange of products and services between businesses, groups, and individuals; [2] and can be seen as one of the essential activities of any business ...
Services like Amazon.com and eBay were some of the most notable e-commerce websites to be released in this time period. [1] 2000s–2010s Hundreds of e-commerce services such as online food ordering, media streaming, online advertising, online marketplace, brick and mortar retailers, e-commerce payment systems and online storefronts emerge.
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E-commerce markets are growing at noticeable rates. The online market is expected to grow by 56% in 2015–2020. In 2017, retail e-commerce sales worldwide amounted to 2.3 trillion US dollars and e-retail revenues are projected to grow to 4.891 trillion US dollars in 2021. [52] Traditional markets are only expected 2% growth during the same time.
It is estimated that Asia-Pacific will increase by another 30% in the year 2013 putting them ahead by more than one-third of all global e-commerce sales. [ needs update ] The largest online shopping day in the world is Singles Day , with sales just in Alibaba 's sites at US$9.3 billion in 2014.
An online marketplace (or online e-commerce marketplace) is a type of e-commerce website where product or service information is provided by multiple third parties. Online marketplaces are the primary type of multichannel ecommerce and can be a way to streamline the production process.
Turkey: Formerly used by Turkish Armed Forces in late 1980s early 1990s. [30] Union of South Africa: Some used by Hunter Group and 32 Battalion commandos. [31] [32] United States: Formerly used by the U.S. military until it was phased out in the late-1990s. [33] Vietnam: Clones of South Vietnamese ERDL patterns were formerly used by the PAVN. [34]