JD.com and Alibaba create indexes to identify Chinese shoppers’ spending trends, which help retailers gain insight.
Electronic payment technologies and services provider CyberCash Inc. says that the company's Internet payment processing volumes passed 8 million transactions in February, tripling the number from the same month last year. Reston, Va.-based CyberCash also says that hrblock.com, the Web site of tax preparer H&R; Block, led the way among CyberCash's 20,000 Internet merchants with more than 1 million transactions processed in February. CyberCash doubled its merchant base in less than a year to the current 20,000, which also includes ReplayDVD.com and FatBrain.com. The company experienced a 110% increase in Internet revenues between 1998 and the end of 1999, it says. In February of last year, CyberCash processed 2.6 million transactions, it claims.