Wal-Mart Online Store to Sell Products from Other Vendors
In a new business move, Wal-Mart Stores Inc will now allow outside retailers to sell around one million items from its online store, Walmart.com. The step is being seen as an attempt by the retail giant to tap into the vast reserve of online consumers across the world.
Some of the retailers that Wal-Mart has roped in to sell goods through its online store are CSN Stores, eBags and Pro Team. According to Wal-Mart the main reasons for selecting these retail companies are because they have large product assortments and proven track record of customer service.
Wal-Mart is the largest retailer in the world and its online store sell products across a vast range of categories like home, toys, baby, apparel as well as sports goods and related memorabilia. Market experts believe that the move will allow Wal-Mart explore newer areas of growth since its real stores have pretty much saturated the American market. Moreover its web portal will enable Wal-Mart to reach online consumers in places from Europe and South Korea where it does not have a real presence.
The decision to include other retailers in its online store will allow Wal-Mart to catch up with major e-commerce portals like Amazon.com and Apple.
E-transactions On the Rise in India
More people are opting for electronic or online method of fund transfer against check transfers, latest data from India shows.
Figures released by the Reserve Bank of India reveal that the number of checks processed in India 2008-2009 fell five percent to 1.18 billion checks as opposed to 1.20 billion checks processed in 2007-2008. The previous two years in fact show a growth of seven and eleven percent in the number of checks processed in India. RBI data includes those checks which use the Magnetic Ink Character Recognition code.
Data collected by the RBI also showed that a large part of electronic fund transfer took place through retail electronic transaction which surged by 28 percent to 280 million in 2008-2009. Moreover there was a similar rise in Real Time Gross Settlement which is an electronic means of transferring funds over Rs 100,000. RBI data, in fact, revealed that RTGS transaction rose by 27 percent to 35.2 million in 2008-2009 from 27.2 million in 2007-2008.
The increasingly popularity of online and electronic fund transfers show that a emerging economies like India are making use of newer technological methods for purposes of ease and speed in business transactions. The economic downturn was another cause of lower check usage, according to the RBI.
Wikipedia to Bring Changes in Editing Policy
Wikipedia, the most popular encyclopedia on the Web that “anyone can edit” is set to undertake some major changes in operation, the most important of which is to do with its editing policy.
When it started out, Wikipedia could be edited by any user. However soon growing charges of inaccuracy led the site to reject editing by anonymous users and it introduced the requirement of authentication to support any kind of editing.
Now Wikipedia says that while contributors can still write what they want, there will be new rules governing editing of articles on the site. If anyone wishes to edit certain articles on Wikipedia, then the changes will have to be verified by experienced volunteers before the edited version is published on the site.
Wikipedia co-founder Jimmy Wales clarified that an “experienced volunteer” might be anyone who has been associated with the site for a short period of time and has not been blocked. Once the changes are approved by the “experienced volunteer”, the edited version will be published on the site but the process may take days, weeks or even months. But until the verification takes place, changes to certain articles on Wikipedia will continue to be invisible.
Sony Set to Launch New E-reader
Sony has joined the e-reader war with its swanky new offering titled Daily Edition which hopes to take on similar products from Amazon and Apple with attractive pricing as well features like 3-G connectivity.
Reader Daily Edition is a wireless version of the e-readers Sony announced earlier this month. It is temptingly priced at $399 and is set to hit the market in December to coincide with the holiday season. The newest e-reader also comes with 3-G connectivity which is sure to appeal to the younger buyers.
The main area where the Daily Edition scores over Amazon’s Kindle is in having a touch screen. Besides that the Sony e-reader is well-designed and has a sleek look while Kindle still has the appearance of an oversize calculator, says Sarah Rotman Epps who is an analyst with Forrester. Moreover Sony has ensured that its Daily Edition will be available in more than 8600 retail outlets as compared to the Kindle which is at present only available in online Amazon store and a limited number of Target outlets.
Sony’s announcement of Daily Edition comes on the heels of two previous e-reader launches, one of which is the Reader Pocket Edition while the other is the Reader Touch Edition.
Jessica Biel Tops List of Most Dangerous Celebrity Web Search
An internet search for actress Jessica Biel is the most likely to expose a web surfer to sites hosting spyware, a virus or malware, according to internet security company McAfee.
Sultry American actress Biel now tops the most dangerous celebrity to search in the cyberspace overtaking Hollywood star Brad Pitt from last year in a survey conducted by McAfee. This is because cybercriminals take advantage of surfers’ obsession with celebrities and then latch onto relevant sites to facilitate the downloading of spyware and other types of malicious software, explained Jeff Green who is the senior vice president of McAfee Avert Labs.
the study conducted by McAfee found that one is five web searches for “Jessica Biel photos”, “Jessica Biel”, “Jessica Biel videos” and “Jessica Biel screensavers” are likely to land at a website that has tested positive for online threats like viruses, spyware, spam and other kinds of malware.
The McAfee study listed pop star Beyonce in second place as the most dangerous celebrity to search on the web after Biel. other celebrities in descending order of cyberthreat are actress Jennifer Aniston in the third place, American football star Tom Brady in the fourth and singer Jessica Simpson in the fifth. Last year the list was topped by Brad Pitt who is now at tenth place of the most dangerous celebrities to search on the net.
New Web Browser RockMelt To Take on Rivals
Netscape co-founder Marc Andreessen is backing the new Web Browser RockMelt which may emerge as one of the most significant start-up in his $30 million venture capital firm Andreessen Horowitz.
However RockMelt has a long battle ahead if it intends to gain a share of the Web browser market. According to data tracker Net Application, Microsoft’s Internet Explorer leads the market share for web browsers with 68% while Mozilla’s Firefox is steadily gaining with 22%. Among other web browsers trying hard to make their presence felt are Safari and Chrome, each being strongly backed by its company Apple and Google respectively.
What RockMelt is counting on the guidance of Andreessen who has been a pioneer in Web browsing and is currently associated with social networking site Facebook. According to a report in the New York Times on Friday, RockMelt is seeking to score over its competitors by somehow incorporating Facebook user names in its browser. This will let users interact with their friends on Facebook even as they are surfing the internet. However the newspaper report clarified that Facebook is not officially connected to the project. Industry experts point out certain similarities between RockMelt and Flock, “a social Web Browser” that had been launched in 2007 but which failed to gain any significant market presence.
Microsoft to Market IE 8 More Aggressively
With the launch of Internet Explorer 8, Microsoft hopes to sharpen its edge in the highly competitive Web Browser market and is thus urging holdouts to upgrade from earlier versions of the software.
Since its release five months ago, IE 8 has steadily made its impact in the web browser market, prompting users to leave behind the aging IE 6. This is good news for Microsoft which also expects its latest operating system Windows 7 – to be released in October this year – to erase the bad memories of Windows Vista.
However IE 6 still manages to hold onto a significant 27.2% of the web browser market according to figures released in July by Net Applications. The main reason behind this is the lack of awareness about the latest IE 8 version as well as the feeling that the present browser is ‘good enough’ for regular purposes.
Moreover the recession has also made users wary of trying out newer products and tempted them to retain that with which they have been satisfied in the past. Schools, hospitals and other organizations facing a funding crunch could especially be daunted by the cost of upgrading computer systems to new software.
China Eases Stand on Internet Monitoring Software
install an internet monitoring software after a wave of protests erupted in home and abroad.
Li Yizhong, the industry and information technology minister of China announced recently that installing the ‘Green Dam Youth Escort’ software will be voluntary and it will be upto computer users of the country to decide whether or not to install the software. The minister’s stand is being viewed as a softening of China’s hard-line stand on the issue of internet monitoring and information censorship.
Three months ago China had announced that all computers sold in the country following July1 would be required to pre-install the Green Dam software. This is a web filtering package and was seen by many human rights organizations in the country and abroad as part of China’s attempts to tighten state control on information available on the internet.
However official reason that China gave as a justification of mandatory installation of Green Dam software was to control pornography on the web and protect children from accessing undesirable content. Eventually the move was suspended in June following overwhelming pressure from Chinese internet users and human rights watch groups abroad.
Global Sale of Smartphones Shoots Up in Q2
Worldwide sale of smartphones recorded an impressive surge of 27 percent in the second quarter while the sale of mobile phones fell by 6.1 percent in the global market.
Global sales figures from Gartner released on Wednesday revealed that smartphones recorded remarkable gain of 27 percent in sales compared to sales in the same period last year. Nokia, Research in Motion and Apple were the three companies whose smartphones grabbed the top three market shares. While Nokia came first with a market share of 45 percent and sale of 18.4 million units, Research in Motion followed next with 7.6 million sales and an 18.7 market share. Apple’s iPhone sold 5.4 million units around the world and helped it to claim third biggest market share of 13.3 percent.
Mobile phones on the other hand continued its downward slide in the second quarter with sales falling by another 6.1 percent after the record 9.4 percent decline in the first quarter. Overall 286.1 million handsets were sold in the second quarter as compared to the 304 million sales in the same period last year.
Among the smartphones which recorded the highest jump in global sales was Apple’s new iPhone 3GS model whose shipments surged by 51%.
Google Unveils New Search Engine, Caffeine
Google Inc has launched the preview version of a new search engine technology, Caffeine that seeks to raise the bar on various dimensions like size, indexing speed, accuracy and comprehensiveness.
Caffeine is the redeployment of the computing network that Google employs to link searchers and results. This new search engine can change way a site ranks on a Google page and hence companies will have to change their SEO methods to protect their Google rankings.
However Google will not be making any changes to the user interface as part of the Caffeine update. This means that the average user will not be able to spot any major difference in the way results appear on the page. Even the ranking of the ads will not be affected by the updates brought about in the search engine technology.
Principal Engineer of Google Inc, Matt Cutts said in a company blog that while Google is always experimenting with its search algorithms and infrastructure, “a change in this magnitude has not been done since 2006”.
Google will also be coming up with a web developer preview in order to gather feedback on the search performance of Caffeine as compared to its current search engine.
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