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Google brings free product listings to its main Google Search results

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Earlier this year, Google made a significant change to its Shopping search tab in the U.S. to allow the service to primarily feature free product listings selected by Google’s algorithms, instead of paid ads. Building on that change, Google is today introducing a shift to free product listings in the main Google Search results page in the U.S. Before, it would only showcase sponsored links in its “product knowledge panel.”

This panel appears when a Google user searches for a product that has matching listings on e-commerce website. But until now, those links were paid ads. Google says, starting this summer, these panels will instead feature free listings.

This change will roll out first in the U.S. on mobile, followed later by the desktop.

Shopping ads aren’t going away, however. These ads will appear separately at the top of the page, where they’re marked like Google’s other ad units.

Since its shift to free listings in April of this year, Google says it’s seen an average 70% increase in clicks and 130% increase in impressions across both the free listings and ads on the Shopping tab in the U.S. These metrics were based on an experiment looking at the clicks and impressions after the free listings were introduced, compared with a control group. The control group was a certain percentage of Google traffic that had not been moved to the new, free experience.

Image Credits: Google

Google has positioned its shift to free listings as a way to aid businesses struggling to connect with shoppers due to the impacts of the coronavirus pandemic. But the reality is that this change would have had to arrive at some point — pandemic or not — because of Amazon’s threat to Google’s business.

Amazon over the years has been steadily eating away at Google’s key business: search ad revenue. In a report published last fall, before the pandemic hit, analyst firm eMarketer said Google’s share of search ad market revenue would slip from 73% in 2019 to 71% by 2021, as more internet users started their searches for products directly on Amazon.

Now the coronavirus is pushing more consumers to shop online in even greater numbers, much to Amazon’s advantage. The online retailer reported the pandemic helped drive a 26% increase in its first-quarter 2020 revenue, for example. Meanwhile, a new eMarketer forecast estimates that Google ad revenues will drop for the first time this year, falling 5.3% to $39.58 billion due to pandemic impacts on ad spend — particularly the pullback in travel advertiser spending.

Google needed to change its Search service to return more than just paid listings to better compete. Paid listings alone wouldn’t always feature the best match for the user’s search query nor would they show as complete a selection — a problem Amazon’s vast online superstore doesn’t have. But Google’s shift to free listings also incentivizes advertisers to pay for increased visibility. Now, advertisers will need a way to stand out against a larger and more diverse selection of products.

“For many merchants, connecting with customers in a digital environment is still relatively new territory or a smaller part of their business,” notes Google’s, Bill Ready, President of Commerce. “However, consumer preference for online shopping has increased dramatically, and it’s crucial that we help people find all the best options available and help merchants more easily connect with consumers online.”

Source: https://techcrunch.com/2020/06/29/google-brings-free-product-listings-to-its-main-google-search-results/

Ecommerce

Walmart’s Flipkart to cover insurance for all sellers in India and waive additional fees

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Walmart-owned Flipkart is exempting storage and cancellation fees for sellers on its marketplace and also providing them with insurance coverage as the top e-commerce platform in India looks to maintain cordial relationships with more than 300,000 sellers who are facing severe disruption amid an unprecedented rise in the spread of coronavirus infections in the South Asian nation.

The Bangalore-headquartered firm said Friday evening that it is exempting storage fees to sellers who use the company’s fulfilment centres, and also waiving off the cancellation fees until the end of the month. (Several Indian states, as they did during the first wave of the virus, have imposed restrictions on sale and delivery of non-essential items.)

Flipkart will bear 100% premium of COVID insurance to all sellers that transact on the platform, covering any hospitalization and consultation fees between 50,000 Indian rupees ($685) to 300,000 Indian rupees ($4095).

The news today comes a week after Amazon, Flipkart’s chief rival in India, announced it was waiving 50% of the referral fee sellers are required to pay the e-commerce firm for this month, though not all sellers are qualified to avail this benefit. (The company said earlier this week that it was also postponing Prime Day in India and Canada due to the growing cases of the infection.)

Flipkart said it is also making it easier for sellers to access working capital from the firm without any incremental cost, though it did not specify the steps it had made.

It is also extending the window for the Seller Protection Fund to 30 days (from 14) to make claims on returned products. Flipkart said it will also ease its policies and performance metrics to ensure that they are not impacted by state-led lockdowns.

Flipkart, which as of last year was working to go public this year, said it has partnered with Vriddhi, Walmart’s Supplier Development Program in India, to organize webinars for small businesses to share best practices to ensure safety of workforce and provide insights to stay afloat amid the crisis.

“Through these testing times it is our constant effort to support our seller partners who face immense operational challenges as a result of the pandemic. As a democratic marketplace, we want to ensure that our lakhs [hundreds of thousands] of seller partners are able to continue operations and keep the economic engine running,” said Jagjeet Harode, senior director and head of Marketplace at Flipkart, in a statement.

“With them and their family’s financial and health safety in mind, we have rolled out these initiatives that will bring them the much-needed respite to keep their businesses active.”

India has been reporting over 400,00 daily infections this week, more than any other nation, as the world’s second-most populated nation struggles to contain the second wave of the virus. Scores of firms, startups, investors and people alike are uniting to help the nation fight the virus, which has severely impacted the healthcare facilities.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://techcrunch.com/2021/05/07/walmarts-flipkart-to-cover-insurance-for-all-sellers-in-india-and-waive-additional-fees/

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Blockchain

Majic Wheels Corp. Announces New Direction into Fintech and Software Development

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Austin, TX, May 7, 2021 – Majic Wheels Corp. (OTC PINK: MJWL) (“Majic”) (“MJWL” or the “Company”) is pleased to announce the following updates:

The Company is highlighting four significant achievements. First, Majic Wheels Corp, a Delaware corporation, has taken the decision to discontinue its efforts and intentions regarding the Company’s non-lucrative waste management, cleanup and junk removal services business from the prior management.

Second, a CPA has been retained for general accounting and specific ASC and FASB standards applicable to our SEC/industry accounting needs. The CPA is knowledgeable of mergers and acquisitions, share structure and optimizing the best usage of funds. The CPA can act as a guide for our structuring or restructuring needs. By restructure, the Company means that as the company grows it will restructure assets liabilities to optimized divisions.

Third, the board of the Company intends to position Majic as a player in the disruptive industries of Fintech and Software Development. The company is currently in discussions with a growing and revenue generating merger candidate. We are completing the last phase of our due diligence process and negotiations. We believe that this merger will bring great value to the Company and its shareholders.

Fourthly, The Company has decided to be aggressive in expansion and growth acquisitions.  The Company is in good standing in the State of Delaware, and the financials have been completed and will be submitted as soon as we have access to OTCIQ.

Despite the volatile momentums being seen since the beginning of the 2020 in the digital currency market, one reality has come to light, there is the ever-growing acceptance and growth of digital currency.  The store of value and its secure network is the new standard in any robust technology stack.

Being at their highest adoption levels yet, seen as an exciting new asset class and with the institutions finally getting into the Market, we believe there is not a better time to enter the digital assets space.

Concurrently, we are also working on deploying a new website where we intend to further share our new vision and direction for the company moving forward. We invite shareholders to follow our social media for ongoing updates.

Our Twitter account is: https://twitter.com/MajicCorp

About Majic Corp, Inc.

Majic Corp Inc., a Delaware corporation, intends to position itself as a player in the disruptive industries of and Fintech and software development by means of an acquisition and merger. Majic Wheels Corp.  is listed and traded on the Over-the-Counter Bulletin Board of NASDAQ under the trading symbol “MJWL”.

For more information about the Company visit:

Our OTC Markets Profile: https://www.otcmarkets.com/stock/mjwl/overview

Our website is: www.majiccorp.co

Our Twitter account is: https://twitter.com/MajicCorp

SAFE HARBOR STATEMENT

This press release contains forward-looking statements that can be identified by terminology such as “believes,” “expects,” “potential,” “plans,” “suggests,” “may,” “should,” “could,” “intends,” or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company’s control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

For more information, press only:

PR CONTACT: Kim Halvorson

Email: info@majiccorp.co

Website: www.majiccorp.co

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Source: https://otcprwire.com/majic-wheels-corp-announces-new-direction-into-fintech-and-software-development/

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Blockchain

NSAV ANNOUNCES ENTRY INTO CHINA CRYPTOCURRENCY AND BLOCKCHAIN MARKET

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London, England, May 7, 2021 – OTC PR WIRE – Net Savings Link, Inc. (OTC Pink: NSAV), a cryptocurrency, blockchain and digital asset technology company, today announced that the Company intends to enter the booming China cryptocurrency and blockchain market. In 2019, the Chinese government formally committed to the importance of blockchain and by 2023, expects to spend over $2 billion on blockchain Technology. Chinese officials have recently taken a softer stance on cryptocurrencies and indicated that cryptocurrencies should just be regulated as an alternative asset, rather than a fiat currency. NSAV’s management believes that China will be a major player in the $2 Trillion cryptocurrency market. Research also shows that Chinese cryptocurrency investors are more aggressive compared to their western counterparts. China remains an extremely important player in cryptocurrency mining. Management believes that NSAV has the resources by virtue of the recent addition of Board members and Silverbear Capital https://www.sbcfinancialgroup.com.hk/ partners, Mr. Yuen Wong and Mr. Danny Lau, to succeed in the China blockchain and cryptocurrency market.

Mr. Yuen Wong is a managing partner at Bitmart Cryptocurrency Exchange https://www.bitmart.com , whose platform supports over 220 cryptocurrencies and has a 24-hour trading volume of approximately $2Billion.

Mr. Danny Lau has over 30 years of experience in international finance and the China and global markets. Mr. Lau specializes in investment banking, corporate restructuring, corporate finance and M&A. In addition, he has a proven track record in the private equity and pre-IPO arena.

NSAV further announced that the Company is in late-stage negotiations on several projects, including acquiring a strategic stake in a major cryptocurrency exchange, which presently has a 24-hour trading volume of over $ 4Billion. NSAV will provide updates on these negotiations in the coming week and expects to sign definitive agreements for one or more of these deals within the next two weeks.

Danny Lau, director of NSAV stated, “It is my pleasure to join the NSAV family and I am excited and thankful to the Board and shareholders for this great opportunity. NSAV is a great company and has the advanced technology and solutions ready for the 21st century.”

NSAV’s vision is the establishment of a fully integrated technology company that provides turnkey technological solutions to the cryptocurrency, blockchain and digital asset industries. Over time, the Company plans to provide a wide range of services such as software solutions, e-commerce, advisory services, financial services and information technology.

For further information please contact NSAV at info@nsavholdinginc.com

The NSAV Twitter account can be accessed at https://twitter.com/nsavtech

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Net Savings Link, Inc. to accomplish its stated plan of business. Net Savings Link, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by Net Savings Link, Inc. or any other person

Contact

Net Savings Link, Inc.

info@nsavholdinginc.com

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Source: https://otcprwire.com/nsav-announces-entry-into-china-cryptocurrency-and-blockchain-market/

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Ecommerce

MVP Holdings Inc Receives Current Status on OTC Markets

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FRESNO, Calif., May 7, 2021 – OTC PR WIRE – MVP Holdings, Inc. (OTC Pink: MVPT) (Company), the parent company for internationally recognized kitchen brand, Mealthy Inc., a global leader in the pressure-cooking appliance and food products category, is happy to report today that the Company is now fully compliant with OTC Markets’ Guidelines for Current Information for the first time since 2009.

Being compliant for current status has been largely achieved by recently filing all required financials to OTC Markets for the Company’s December 31, 2019 and 2020 fiscal years. The Company will have its Quarterly Financials ending March 31, 2021 to OTC Markets no later than May 15th. Along with all current financial information, “MVPT” has recently updated its corporate website. The Company expects to completely revamp the Mealthy website which will include new features that make traffic conversion a more efficient process. These new features will capitalize on the more than 300k monthly website visitors. While also revamping the website, the Company will also be featuring new products and expanded functions throughout the Mealthy.com site.

MVP Holdings, Inc. CEO, Mr. Casey Musick, commented: “I am certainly mindful of the fact that filing our financial data in a timely manner is vital to providing a robust, informed market with greater insight. Knowing such, we are fully committed to maintaining our ‘Current’ status for the stock while we continue to grow and expand in the kitchen and food categories. By expanding our current appliance products, as well as introducing new food products to the lineup, this will enable us to look for new strategic acquisitions to add to our kitchen/food portfolio. We are proudly anticipating at least a dozen new product roll-outs by the end of 2021.” The Company has reached a very exciting time and hopes to substantially increase shareholder value via global marketing, targeted acquisitions and up-listing endeavors, stay tuned for further updates.

For more information go to www.MVPHoldingsInc.com, or follow the company and our CEO on Twitter @MVPHoldingsInc or @CaseyMMusick

Safe Harbor Statement:

This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Such statements include any that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words “estimate”, “project”, “intend”, “forecast”, “anticipate”, “plan”, “planning”, “expect”, “believe”, “likely”, “should”, “could”, “would”, “may” or similar words or expressions. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company’s actual results and financial position to differ materially from those in such statements, which involve risks and uncertainties, including those relating to the Company’s ability to grow. Actual results may differ materially from those predicted and any reported should not be considered an indication of future performance. Potential risks and uncertainties include the Company’s operating history and resources, economic, competitive, and equity market conditions.

Casey Musick

casey@mvpholdingsinc.com

559-999-7571

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://otcprwire.com/mvp-holdings-inc-receives-current-status-on-otc-markets/

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