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Over A Million Products On Sale During Banggood’s 11.11 Global Shopping Festival

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GUANGZHOU, China, Oct. 20, 2020 /PRNewswire/ — Banggood, a leading cross-border e-commerce retailer, is offering exclusive discounts for its global users during its 11.11 Global Shopping Festival, which will take place from 4pm (UTC+8) on November 10th to 4pm (UTC+8) on November 12th. Millions of vouchers and discounts up to 70% off will be up for grabs on over a million products across all of Banggood’s product categories.

During the 11.11 Global Shopping Festival, Banggood will launch the first-ever Banggood Official Recommendations list. The recommendations harness big data analytics and user behavior of Banggood’s 66 million-strong user base, and incorporate dozens of indicators — such as historical sales, reviews and popular brands — to determine the best products for customers.

"Banggood boasts over 30 product categories and more than one million products. This means our customers benefit from more choice and variety, but we also know that it takes more time and effort to find the exact product for their needs. At Banggood, the core of our business is to provide the best user experience for our customers. We believe our Official Recommendations list accounts for the diverse array of considerations users take into account when purchasing a product and simplifies the decision-making process," said Qin Peng, Banggood Chief User Experience Officer.

In addition to offering a curated selection of product recommendations, the 11.11 Global Shopping Festival will also provide users with a more convenient and rich shopping experience. Banggood offers multilingual support across its website and APP to enable shoppers to browse and search for products, read product reviews, check their cart and place orders in their native language. Upon logging in, users are prompted to select their country or region and their preferred language. These preferences can be changed at any time in the user’s account settings.

Banggood will also be hosting a Banggood Live event to celebrate the 11.11 Global Shopping Festival. From October 28 onwards, Banggood will announce the celebrities and products that will be featured in the live stream. Users can then subscribe to various broadcasts based on their interests and product preferences, then stream Banggood Live directly via the website or APP during Singles’ Day. During Banggood Live, users can watch demos, unboxing videos and real-time product impressions directly from the host in order to gain an in-depth understanding of the products they are interested in. Viewers will also receive exclusive coupons during the broadcast, which can be redeemed directly on the Banggood website or APP.

Last but not least, users can download and log in to the Banggood APP to receive exclusive coupons, view real-time discounts and product information, and easily shop anytime, anywhere.

From October 28, Banggood will release more details on the 11.11 Global Shopping Festival and the offers that will be available, as well as information on its Banggood Live events. All products will be available at the best price for a 48-hour period between 4pm (UTC+8) on November 10th to 4pm (UTC+8) on November 12th. Follow Banggood’s official social media accounts for the latest updates.

About Banggood

Founded in 2006, Banggood is a leading e-commerce company running its website www.banggood.com and pages on other platforms to offer over 66 millions of registered users more than 1,000,000 types of products, covering from consumer electronics to clothing. Banggood is headquartered in Guangzhou, China, the city of the supply chain, with a global reach in North America, Europe, Asian Pacific, South America and the Middle East. For more information, please visit: https://www.banggood.com/aboutBanggood.html

Media Contact
Zoeh Zheng
Phone: +86-134-5028-6595
Email: [email protected]

 

Related Links :

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Global Greenhouse Horticulture Market 2020-2024: Technological Improvement in CO2 Extraction Will Boost Market Growth| Technavio

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The greenhouse horticulture market is expected to grow by USD 8.81 billion, progressing at a CAGR of almost 6% during the forecast period.

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The improved CO2 extraction technologies is one of the major factors propelling market growth. However, factors such as the absence of developed pest control measures for greenhouses will hamper the market growth.

More details: https://www.technavio.com/report/greenhouse-horticulture-market-industry-analysis

Greenhouse Horticulture Market: Product Landscape

Based on the product landscape, the plastic greenhouses segment is expected to post significant growth during the forecast period.

Greenhouse Horticulture Market: Geographic Landscape

By geography, Europe is going to have a lucrative growth during the forecast period. About 56% of the markets overall growth is expected to originate from Europe. Netherlands and Germany are the key markets for Greenhouse Horticulture in Europe.

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Gasket and Seals Market by End-user and Geography – Forecast and Analysis 2020-2024: The gasket and seals market size has the potential to grow by USD 14.78 billion during 2020-2024, and the markets growth momentum will accelerate during the forecast period.

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Surge Protection Devices Market by Product, End-user, and Geography – Forecast and Analysis 2020-2024: The surge protection devices market size has the potential to grow by USD 694.30 million during 2020-2024, and the markets growth momentum will accelerate during the forecast period.

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Companies Covered:

  • Certhon
  • Dalsem
  • Industries Harnois Inc.
  • Netafim Ltd.
  • Priva Holding BV
  • Richel Group
  • Ridder Holding Harderwijk BV
  • Rough Brothers Inc.
  • Top Greenhouses Ltd.
  • Van der Hoeven Horticultural Projects BV

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2019, 2020, until 2024
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product placement
  • Plastic – Market size and forecast 2019-2024
  • Glass – Market size and forecast 2019-2024
  • Market opportunity by Product

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • Europe – Market size and forecast 2019-2024
  • North America – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver – Demand led growth
  • Volume driver – Supply led growth
  • Volume driver – External factors
  • Volume driver – Demand shift in adjacent markets
  • Price driver – Inflation
  • Price driver – Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Certhon
  • Dalsem
  • Industries Harnois Inc.
  • Netafim Ltd.
  • Priva Holding BV
  • Richel Group
  • Ridder Holding Harderwijk BV
  • Rough Brothers Inc.
  • Top Greenhouses Ltd.
  • Van der Hoeven Horticultural Projects BV

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: [email protected]

Website: www.technavio.com/

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Global eCommerce Transactions Jump in November Due to Earlier Start of Holiday Shopping Season, New Data from ACI Worldwide Reveals

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New benchmark data from ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions, revealed a 21 percent increase in eCommerce transactions globally in November 2020 compared to November 2019. This was driven by strong consumer demand for household items and services, especially those providing shipment, remote education and training, and insurance for consumer electronics. According to the data, based on hundreds of millions of eCommerce transactions from global merchants, the retail sector saw a significant increase (30%) over the five-day period from Thanksgiving through Cyber Monday in 2020 compared to 2019.

The Saturday after Black Friday experienced the biggest increase at 47 percent compared to 2019. However, the average ticket price on these peak days declined by 3 percent compared to 2019, down from $136 to $132, as consumers are attracted to free shipment and sales.

This years holiday season is looking very different from previous years with many merchants starting sales much earlier, as well as continuing promotions beyond the traditional peak days of Black Friday and Cyber Monday. The result is a substantial increase in eCommerce transaction volumes prior to Black Friday, said Debbie Guerra, executive vice president, ACI Worldwide. In addition, many merchants expanded their buy-online-pick-up-in-store and free next-day delivery options, which attracted many consumers.

Fraud attempt rates by volume increased slightly to 1.7 percent by volume and 3.4 percent by value, similar to prior holiday seasons, as a result of increased genuine consumer spending outpacing fraud. Non-fraud chargebacks increased by 15 percent in October* 2020 compared to 2019, a lower percentage than that of April and May of 2020, mainly due to more people being back at work and call centers being better staffed to deal with consumer calls.

Although fraud rates have increased only slightly, merchants and consumers do need to be vigilant. Consumers should avoid leaving packages on their doorsteps for long periods of time to avoid porch piracy, as this has been an area of growing concern over the years. As the buy-online-pick-up-in-store channel continues to experience fast growth driven by the pandemic, it is providing greater opportunity for fraudsters,‹ Guerra concluded.

Key Findings:

eCommerce purchasing trends:

  • In 2020 to-date (January to November), global eCommerce transactions increased by 20 percent compared to the same period last year.
  • Travel and ticketing continued to see a significant dip in November due to the pandemic, declining 60 and 85 percent respectively.
  • Transactions in the gaming sector increased 50 percent; this increase was less than previous months, potentially due to market saturation as well as consumers potentially awaiting holiday gift cards for gaming purchases.
  • The U.S. saw an increase in transactions of 20 percent and the UK of 19 percent from January through November 2020 compared to the same period in 2019.
    • We continue to see eCommerce spending behaviors change because of lockdown, driving UK purchases earlier this holiday season than ever before

Fraud trends:

  • ‹Fraudulent attempt purchase value decreased by $11 in 2020 compared to 2019; this was the impact of airline, sporting event and concert ticket purchase declines, which have a high average ticket price; genuine purchases value decreased by $18‹.
  • Fraud attempt rates by volume increased slightly by 1.7 percent and 3.4 percent by value, similar to prior holiday seasons, as a result of increased genuine consumer spending outpacing fraud.

*As chargebacks take approximately 45 days to process, the most current complete data is from October 2020.

About ACI Worldwide ACI Worldwide powers digital payments for more than 6,000 organizations around the world. More than 1,000 of the largest financial institutions and intermediaries, as well as thousands of global merchants, rely on ACI to execute $14 trillion each day in payments and securities. In addition, myriad organizations utilize our bill presentment and payment services. Through our comprehensive suite of software solutions delivered on customers premises, through the public cloud or through ACIs private cloud, we provide real-time payment capabilities and enable the industrys most complete omni-channel payments experience.

Copyright ACI Worldwide, Inc. 2020 ACI, ACI Worldwide, ACI Payments, Inc., ACI Pay, Speedpay and all ACI product/solution names are trademarks or registered trademarks of ACI Worldwide, Inc., or one of its subsidiaries, in the United States, other countries or both. Other parties trademarks referenced are the property of their respective owners.

Dan Ring

[email protected]

781-370-3600

Nidhi Alberti

[email protected]

781-370-3600

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Global Educational Robots Market 2020-2024: Market Analysis, Drivers, Restraints, Opportunities, and Threats – Technavio

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The educational robots market is expected to grow by 590.82 thousand units, progressing at a CAGR of almost 28% during the forecast period.

Click & Get Free Sample Report in Minutes

The decline in the price of educational robots is one of the major factors propelling market growth. However, factors such as high cost and time consuming implementation of robots in educational curriculum will hamper the market growth.

More details: https://www.technavio.com/report/educational-robots-market-industry-analysis

Educational Robots Market: Product Landscape

Based on the product landscape, the Pre-configured educational robots segment is expected to post significant growth during the forecast period.

Educational Robots Market: Geographic Landscape

By geography, North America is going to have a lucrative growth during the forecast period. About 39% of the markets overall growth is expected to originate from North America. Market growth in this region will be faster than the growth of the market in other regions.

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Military Laser Designator Market by Product and Geography – Forecast and Analysis 2020-2024: The military laser designator market size has the potential to grow by USD 454.48 million during 2020-2024, and the markets growth momentum will accelerate during the forecast period.

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Companies Covered:

  • BLUE FROG ROBOTICS & BUDDY
  • fischerwerke GmbH & Co. KG
  • Innovation First International Inc.
  • LEGO System AS
  • Makeblock
  • Modular Robotics Incorporated
  • PAL Robotics
  • Pitsco Inc.
  • ROBOTIS Co. Ltd.
  • SoftBank Group Corp.

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2019, 2020, until 2024
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio’s SUBSCRIPTION platform

Key Topics Covered:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product by Volume

  • Market segments
  • Comparison by Product by volume placement
  • Pre-configured educational robots – Market size and forecast 2019-2024 ($ millions)
  • Reconfigurable educational robots – Market size and forecast 2019-2024 ($ millions)
  • Humanoid educational robots – Market size and forecast 2019-2024 ($ millions)
  • Market opportunity by Product by volume

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver – Demand led growth
  • Volume driver – Supply led growth
  • Volume driver – External factors
  • Volume driver – Demand shift in adjacent markets
  • Price driver – Inflation
  • Price driver – Shift from lower to higher priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • BLUE FROG ROBOTICS & BUDDY
  • fischerwerke GmbH & Co. KG
  • Innovation First International Inc.
  • LEGO System AS
  • Makeblock
  • Modular Robotics Incorporated
  • PAL Robotics
  • Pitsco Inc.
  • ROBOTIS Co. Ltd.
  • SoftBank Group Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: [email protected]

Website: www.technavio.com/

Continue Reading
Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
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