Welcome to this week’s edition of eFocus, RepricerExpress’ weekly look at the top ecommerce stories and latest Amazon news from around the Web. This week’s round-up includes record profits for Apple, Chinese government concerns over Alibaba, Amazon’s decision to fold its mobile-wallet app, a predicted increase in the use of chip and pin and finally the sale of a website which sends glitter to your enemies!

Apple posts the biggest quarterly profit in history: BBC News reported on Apple’s latest set of financial results. The US technology giant has reported the biggest quarterly profit ($18bn, £11.8bn) ever made by a public company. The surge in profits was aided by records sales of iPhone. Continue reading…

Chinese government takes aim at ecommerce giant Alibaba over fake goods: Neil Gough and Paul Mozur at The New York Times reported that a Chinese government agency tool issue with ecommerce giant, Alibaba Group, this week for what it said were unlicensed merchants, fake goods and other illegal practices on its hugely popular shopping websites. The State Administration for Industry and Commerce, released a report. Continue reading…

Amazon to fold its mobile-wallet app beta on Wednesday: Steven Musil at CNET reveals that just six months after Amazon launched the its Amazon Wallet beta, it has decided to pull the plug and remove the app from app stores. Continue reading…

‘Chip and pin’ use to rise 650% in 2015: Daphne Howland at RetailDive reveals that according to Boston Retail Partners, the number of retailers accepting Europay, MasterCard and Visa (chip and pin), is set to increase 650% by October this year. Continue reading…

Sweet revenge: ‘Ship Your Enemies Glitter’ sells for $85,000: Todd Wasserman at Mashable reports on the sale of a website, www.ShipYourEnemiesGlitter.com, that lets you send glitter to people has sold for $85,000 on Flippa. Continue reading…

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