Business

JD.com racks up $38B in sales in annual online shopping fest

HONG KONG (AP) — JD.com’s annual “618” online shopping extravaganza racked up a total of 269.2 billion yuan ($38 billion) worth of transactions, as consumers splurged during China’s first major e-commerce sale since the pandemic began.

This year’s tally was 33% higher than last year’s 201.5 billion yuan in sales. It reflects an increasing shift to online shopping as consumers shun brick-and-mortar stores.

The “618” shopping event, which typically spans from June 1 to June 18, was first conceived by JD.com to rival Alibaba’s November 11 Singles’ Day festival. It is being closely watched as a barometer of consumer appetites for spending given pressures from the pandemic. China’s economy contracted for the first time in nearly three decades during the first quarter of this year.

Imported goods remained popular among JD.com customers, who snapped up luxury products, electric shavers and coffee machines. Some of the most popular brands among customers

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How to share your Kindle books in 2 different ways

You can share Kindle books with (or in some cases, without) a Family Library.
You can share Kindle books with (or in some cases, without) a Family Library.

Hollis Johnson/Business Insider

  • It’s easy to share Kindle books through Amazon Household, a feature that allows you to share Amazon benefits between family members.

  • Setting up an Amazon Household, which can be done online or on your Kindle device, gives you access to a Family Library.

  • Books are automatically shared between members’ devices, though you can check a book’s status online at any time.

  • You can also share Kindle books with others by lending or borrowing, though not all Kindle books are eligible for this option.

  • Visit Business Insider’s Tech Reference library for more stories.

You can easily share Kindle books between family members, but you’ll have to set up an Amazon Household first.

In addition being able to share Prime benefits, creating an Amazon Household gives you access to Family Library, a shared collection of

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Edited Transcript of 7731.T earnings conference call or presentation 28-May-20 10:59am GMT

Tokyo Jun 18, 2020 (Thomson StreetEvents) — Edited Transcript of Nikon Corp earnings conference call or presentation Thursday, May 28, 2020 at 10:59:00am GMT

Hello, everybody. This is Tokunari, serving as CFO as of April 1. I would like to thank our investors, analysts and the media for this opportunity.

In order to prevent a further outbreak of COVID-19, we are at this time, holding this session through the Internet. I know this is causing you inconveniences, but Nikon is giving its top priority to secure the safety of our employees and their families and all the stakeholders, including our customers. Hope you understand this, and I do appreciate for your understanding.

That said, I will cover the financial results for the year ended March 31, 2020, as well as our forecast for the year ending March 31, 2021. Slide 3 shows the summary for the year ended March 31, … Read More

What to expect from Apple’s online-only WWDC 2020

There’s at least one other sign that Apple is rethinking its old conventions. Mark Gurman at Bloomberg reported earlier this year that the company is considering letting people set third-party apps as the default for actions like writing emails and web-browsing, rather than Mail and Safari. The move would be great news for Apple’s power users, but make no mistake: If this happens, it would likely be because of the heightened antitrust scrutiny the company faces from US lawmakers and the European Union. (Just don’t expect Tim Cook to dwell on that too much that on-stage.) Curiously, the conversation around this move has died down since Bloomberg broke the news in February, so we’ll just have to see how things play out.

Beyond all that, Apple has been working on several updates to its slew of preloaded iOS apps. According to MacRumors, Apple is working on a “mention” system

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TIME and Columbia Business School Partner to Launch a Series of Business Classes for Professional Development During Uncertain Economic Times

“The Business of Change” classes are offered on-demand and at an affordable price point, empowering individuals to expand their skill set and facilitate their own success. Support from Deluxe is helping to make this world-class education series accessible to a broader audience, including its own community of small business owners and entrepreneurs

(June 18, 2020 — New York, NY) — Today, TIME and Columbia Business School announced a first-ever partnership to offer a new series of online, on demand business classes designed to empower anyone to take control of their futures during this moment of economic uncertainty. The Business of Change classes are taught by world-renowned professors from Columbia Business School and are offered at an accessible price, through the support of corporate partner Deluxe. The classes focus on building and expanding critical skills, both in and out of the office.

The partnership unites the cutting-edge curriculum of Columbia Business

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Does Facebook Shops Make Sense for Your Business?

Florist taking a photo of her products
Florist taking a photo of her products

Small business owners can now host their e-commerce efforts on Facebook through its recently launched Facebook Shops, which the social media giant began rolling out on May 19, 2020. It’s not an entirely new product; instead, it’s a renaming and enhancement of its existing Facebook Page Shops offering. Learn how it works and whether it makes sense for your business.

What is Facebook Shops?

Facebook Shops is a full-fledged e-commerce solution. While it lacks some features of more advanced third-party e-commerce platforms, it lets customers to buy from businesses on Facebook without leaving the platform.

Although Facebook Shops is only an incremental improvement over Facebook Page Shops, it goes a big step beyond the Marketplace and Instagram selling tools. Marketplace is more like a classified advertising platform for individuals than an actual business storefront.

And Instagram Shopping requires businesses to post about their

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Why a recession can be a good time to start a business

What do General Motors, Burger King, CNN, Uber and Airbnb all have in common?

The were all founded during economic downturns.

GM launched in 1908, when the US economy was in turmoil after “the Panic of 1907” financial crisis. Meanwhile, Burger King flipped its first patty in 1953, when the US was again in recession, and CNN started its news broadcasts in 1980, when US inflation hit almost 15%.

For both Uber and Airbnb, they set up business during the global financial crisis of 2007-09.

These examples show that many of the best, and longest-lasting, companies are set up during downturns, according to Dane Strangler, a fellow at the Bipartisan Policy Centre, in Washington DC. He says that the difficult economic backdrop makes them both tougher and more nimble for years to come.

Airbnb launched in August 2008

“There’s this trial by fire idea,” he says. “If you get

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New York firm helps small businesses emerge from the COVID-19 crisis

Jessica Larios’ baby arrived a few weeks before her due date at the end of February.

The owner of Bella’s Event – an event planning business in Yonkers, New York, specializing in rentals and sales of all things party-related from wedding gowns to quinceañera dresses, table linens and party supplies – Larios could not afford to take time off during one of the busiest months for bookings.

In a haze of feedings and caring for the baby, Larios plowed through her work. Less than a month later, things ground to a halt as the coronavirus pandemic took hold – and cancellations poured in.

Jessica Larios owns Bella’s Events, which specializes in rentals and sales of everything party-related, such as quinceanera dresses, in Yonkers, N.Y. The Acceleration Project, a nonprofit consulting firm, helped Larios navigate the loans process and adapt her business by moving it online.

“I was so worried

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Execs Express Optimism & Christopher Nolan Sends A ‘Tenet’ Update To Online Conference

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The 2020 edition of CineEurope got underway online today with executives chiming in on what exhibition and distribution will look like as coronavirus restrictions ease. The studios normally would have been in Barcelona this week to show off their upcoming slates to European exhibitors. Instead, Film Expo Group did a nice job of pivoting to an online conference that on Day One served up messages from executives, and even Christopher Nolan.

Nolan’s Tenet is one of the most anticipated films of the year, and certainly one of the first due to open as theaters come back online (Warner Bros recently moved it from July 17 to July 31). The director, who is a big proponent of the theatrical experience, sent a taped missive to CineEurope participants. Here’s what he said:

More from Deadline

“We’re in the final throes of it. I don’t want

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Build your brand’s digital footprint with this online class bundle

Build your brand's digital footprint with this online class bundle
Build your brand’s digital footprint with this online class bundle

TL;DR: The Complete SEO and Digital Mega Marketing bundle is on sale for £39.08, saving you 97% on list price.

Most people use Google to search for answers on all of life’s questions — from the mundane choice of “where to get chips” to the complex query of “how to buy a house.” We even Google ourselves from time to time.

So why should you care about Google?

SEE ALSO: This graphic design hack saves time and money

If you own or run a business, then showing up on the first page of Google is where you want to be. And how might you get there, you ask? SEO is the answer.

Search engine optimisation is the most important weapon in a digital marketer’s toolkit in 2020, as companies look to top Google search rankings. And if you’re hoping to

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