The week is coming to an end, it has been an interesting week in the ecommerce industry, a lot has happened for the most popular ecommerce platforms. This week saw a former Huawei exec raise $100M for his ecommerce venture, TheCartPress puts over 5,000 websites at risk and and much more.
As Shopify prepares to go public, many are pinning hopes on the Ottawa-based software firm becoming Canada’s next big technology success story. But beyond the balance sheet and business plan, there are equally risky “people-related” pitfalls with which Shopify may be confronted. While personnel changes are often considered the “soft stuff,” they can in fact make or break a firm on the precipice of a public offering. A CEO that alienates investors, a management team that loses key employees, a culture that changes too radically or not at all, a board that is not equipped to govern a public company — any of these can spell disaster. Read my full Shopify review here.
TheCartPress, an ecommerce plug-in used on thousands of WordPress-based websites, has several high-risk vulnerabilities. There are currently no fixes available for the flaws and, according to its developer, support for the plug-in will be discontinued on June 1st. The vulnerabilities could allow attackers to “execute arbitrary PHP code, disclose sensitive data, and perform Cross-Site Scripting [XSS] attacks against users of WordPress installations with the vulnerable plug-in,” researchers from security firm High-Tech Bridge said in an advisory Wednesday.
A former executive at Chinese smartphone and telecom equipment provider Huawei unveiled his new ecommerce venture at Beijing’s annual Global Mobile Internet Conference yesterday. Liu Jiangfeng, who spent 19 years at Huawei and rose to become the president of the company’s Glory smartphone division, says he has already secured US$100 million in angel funding, according to Sina Tech. If true, that could make it the largest angel round ever in China.
In the language of business, ecommerce can be compared to being one of the best things since sliced bread made it's debut. The U.S. market alone sees a massive increase in the number of businesses that succeed beyond the six month mark, RJMetrics has compiled a concise report of the current ecommerce growth trends.
Startups, ecommerce companies like Snapdeal, TinyOwl, Knowlarity line up special recruitment teams to take on rivals
They comprise the crack team responsible for luring key candidates from competition and getting employee pipelines ready. Recruitment teams of startups and ecommerce firms consist of information technology specialists, analysts, marketing professionals and staffing heads who previously hired in large numbers for the BPO and aviation sectors.
Feature image curtsey of CashCats