Large investments by Walmart, Alibaba, and other e-commerce giants are showing favorable results, which stand to benefit the industry
SANTA BARBARA, CA, October 20, 2015 CloudCommerce, Inc. (CLWD), a global provider of cloud-driven e-commerce and mobile commerce solutions, today commented on the recent reports of e-commerce initiatives by several industry leaders.
Walmart is among many retail industry giants who have reportedly invested heavily in recent e-commerce initiatives and its management has announced favorable results. Walmart CEO Doug McMillon said in a recent interview on CNBC’s “Squawk Box” that the company’s investments in e-commerce capabilities are starting to pay off. McMillon also indicated that Walmart intends to build a technology company within Walmart to address consumers’ shift to e-commerce. Walmart has recently leveraged its network of retail locations and distribution centers to support the ongoing shift to e-commerce and mobile commerce customers. New fulfillment centers have been constructed and now 30 separate facilities process orders flowing from its website. Walmart has also expanded a program allowing customers to order products from mobile devices and then pick up the purchases in stores on the same day or the following day.
Meanwhile, Chinese e-commerce giant Alibaba is reportedly making sizable moves of its own, including an investment in India’s leading online retail platform, Snapdeal. Indian e-commerce is reportedly growing rapidly, due to increased use of lower-cost smartphone and wider mobile Internet access across the emerging market. Snapdeal founder Kunal Bahl stated recently that Indian e-commerce could grow upwards to $250 billion within the next decade, which could outpace China.
“All of these recent e-commerce industry investments confirm that we are on the right track with our growth-by-acquisitions strategy,” said CloudCommerce CEO Andrew Van Noy, “The biggest names in our industry are showing favorable returns on their investments and it seems likely that this could result in budgetary increases for on-going technical development partnership contracts with e-commerce solutions providers. These are the types of companies we aim to acquire.”
CloudCommerce recently acquired such a company, closing a purchase agreement deal with Colorado-based digital commerce solutions provider, Indaba Group.
CloudCommerce also recently released its Three-Year Plan Describing Its Growth-by-Acquisition Strategyto aggressively expand its presence in the high-growth, cloud-based e-commerce and mobile commerce market.
CloudCommerce, Inc. is a global provider of cloud-driven e-commerce and mobile commerce solutions. Through our wholly owned subsidiaries, we provide online merchants and leading brands with complete solutions for successfully conducting business with customers anytime, anywhere and on any device. Whether it is selling products or services online or making business processes available on the cloud, we deliver solutions that maximize user experience with real-time integration to enterprise applications. We focus intently on four main areas to deliver exceptional value to our customers: engaging frontend design, robust backend integration, effective digital marketing and analytics, and complete solutions management. To learn more about CloudCommerce, please visit www.cloudcommerce.com.
Forward Looking Statements
Matters discussed in this shareholder letter contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect” and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These risks include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, products, and prospects for sales, failure to commercialize our technology, failure of technology to perform as expected, failure to earn profit or revenue, higher costs than expected, persistent operating losses, ownership dilution, inability to repay debt, failure of acquired businesses to perform as expected, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.