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The G20’s digital economy is set to double to $4.2tn by 2016, according to the Boston Consulting Group.
The study found that key drivers behind the increase will be the growth of mobile internet, the popularity of social media and the continued strength of emerging markets.
Jessica Alba this week became the latest celebrity to try their hands at e-commerce, with the launch of Honest.
The own-label brand sells eco-friendly baby products, biodegradable nappies and organic skin care lotions.
Alba says it is aimed at busy mothers that don’t have the time to spend hours seeking out over-priced eco-friendly products.
Honest differentiates itself from the crowd by using an online subscription model to keep consumers hooked.
Coca-Cola has revealed that its Super Bowl ad campaign will involve two animated polar bears reacting in real time to action on the field.
The drinks brand aims to connect with the estimated 60m TV viewers in the US who will be using a second screen while watching the game.
FremantleMedia has launched a Take Me Out app that monetises the ITV dating show through the sale of virtual currency.
Take Me Out Flirting is a free app and website that acts as a chatroom and forum for fans of the show.
It is available on iOS, Android, mobile web and web platforms, and is set to launch on Blackberry and Ovi soon.
Users can also access premium content by purchasing credits.
Online nursery retailer Kiddicare.com has announced it is to open 10 new shops in premises left empty by Best Buy.
The announcement of the new offline stores was made through Kiddicare’s social media platforms and customers will be able to decide which store opens first through a Facebook vote.
Smartphone penetration reached 42% across the UK, France, Italy, Spain and Germany (EU5) in October, compared to 39% in the US.
The data from comScore shows that Symbian is the dominant operating system in the EU5 with 32% market share, compared to 28% for Android and 21% for iOS.
A loyalty scheme run by start-up Plink will give Facebook Credits to consumers in return for purchases at Taco Bell, Dunkin’ Donuts and others.
This aims to take advantage of the boom in virtual currency, which is currently a $2.1bn industry.
Lego has launched a social media platform for fans, through which they can share and discuss their love of the brand.
The site, called ReBrick, is a hub for bookmarks to other sites that host user-created content about Lego.
ReBrick then acts as a discussion forum for links posted by users, who must be aged over 13.
House of Fraser is offering a 10% discount to students who ‘like’ the brand on Facebook.
The social media campaign mirrors a discount that is already available in-store as House of Fraser (HoF) tries to bring consistency to its online and offline offerings.
Google has consolidated its privacy policies so that data held in separate product accounts will now be merged into one.
It means that when signed in, a user’s data will be shared across Gmail, YouTube, Google+, Maps and search.
A new study from Deloitte estimates that Facebook’s economic impact is worth £12.7bn to the EU and Switzerland, supporting over 232,000 jobs.
The report, which was commissioned by Facebook, found that in the UK alone it supports 35,200 jobs and contributes £2.2bn to the country’s GDP.
Online retail sales during the holiday season increased by 15% in 2011 compared to 2010, according to data from Monetate.
Sales at brick-and-mortar stores increased by just 4% in the same period.