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Richard Freudenstein, REA Group Chairman The best digital management team in Australia. That’s what the REA Group has got, according to its chairman. And that’s why its revenues, profits and dividends all went up significantly during the last year. Looking at the figures, its hard to disagree with Richard Freudenstein. At yesterday’s REA Group Click on the title to read more Realesate.com.au (REA Group) reports record profit. Australian online shoppers are increasingly leaving their patriotic instincts behind according to a new report from the Australian Communications and Media Authority (ACMA). A majority still predominantly shop online at Australian merchants, but the majority is slim and has declined dramatically over the past 18 months, from 68% down to 53%. Titled E-Commerce Marketplace in Click on the title to read more Australians buying online and overseas in record numbers. A prospectus is now available for the initial public offer (IPO) of New Zealand’s biggest ecommerce business – Trade Me. It shows that the company is expected to be worth in excess of $NZ1.07 billion on listing, based on the offer price of $NZ2.70 a share. The prospectus also shows that Fairfax Media Limited (FXJ) Click on the title to read more NZ’s biggest ecommerce business – Trade Me – worth $NZ1billion after IPO Trials of Australian bank issued EFTPOS debit cards with an integrated micro-chip have begun in the Victorian regional city of Bendigo. If successful, the trials will enable EFTPOS cards to offer the same advanced features as the competing debit card products from MasterCard and Visa. Managing Director of the EFTPOS industry body, EFTPOS Payments Australia Click on the title to read more EMV trials begin for Australian EFTPOS debit cards A happy crew celebrate the Groupon float US eCommerce business phenomenon – Groupon has been successfully floated on the NASDAQ exchange at $US20 per share, giving the company a market capitalization of at least $US13billion. The IPO is the largest from a U.S. Internet company since Google raised $1.7 billion in 2004. Click on the title to read more Groupon IPO values company at $US13billion. |
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