News « eCommerce Report

$5million deal offers Australians shopping online with EFTPOS.

Australian consumers may soon be able to shop online using their EFTPOS cards.
That’s the promise of a new device developed by Melbourne inventor – Daniel Elbaum and his business partners in Point of Pay Pty Ltd (POP).
And the technology may be here sooner than you think.
The Bendigo Bank and Computronics announced this week that POP

Click on the title to read more $5million deal offers Australians shopping online with EFTPOS.

Australian eCommerce companies report record profits

Australia’s largest listed ecommerce companies are all reporting record profits. Seek, Wotif, Carsales and Melbourne IT have all reported their latest yearly or half-yearly financial results recently, and all are growing strongly.
Carsales.com Limited (ASX:CRZ) was the first to report, on the 18th of August, and revealed a 41% increase in net profit after tax of some

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Carsales.com buys OZtion

Online auction site, Oztion.com.au is being sold to CarSales.com Limited for $1.1million.
Current owner, Australian Stock Exchange Listed (ASX) listed Jumbuck Entertainment, said that OZtion no longer make sense given its new strategic focus on mobile technologies.
Given that Jumbuck bought OZtion from its owners just two years ago in a $2million cash and share deal, it may

Click on the title to read more Carsales.com buys OZtion

Telstra expects $150million China profit boost from Soufun IPO.

Source: Telstra – A Telstra technician cuts a cable

Telstra is expecting to boost its profits as much as $150million this year by selling its 51% share in Chinese online real estate business – SouFun.

But the profit is not yet certain and there is considerable confusion around Telstra’s Chinese online investments.

Even so, its clear Telstra’s Soufun

Click on the title to read more Telstra expects $150million China profit boost from Soufun IPO.

Google pays no tax, gets even fatter and richer in Australia

Thursday 19th August 2010

Online advertising, Australia, 2005-2010

Google pays virtually no taxes in Australia, because its Adwords advertising business is registered in Ireland.
So, as the latest estimates from the Interactive Advertising Bureau (IAB) reveal, the company is growing even richer and fatter off the backs of Australian businesses.
That’s a harsh characterization, no

Click on the title to read more Google pays no tax, gets even fatter and richer in Australia

eCommerce Report

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