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Yahoo brushes up its e-commerce for small business
by Staff Writers
San Francisco (AFP) Aug 14, 2014


Mexico imposes fine on Chinese-funded mall project
Mexico City (AFP) Aug 15, 2014 - Mexican authorities have imposed a half million dollar fine on a Chinese-funded shopping mall project near the resort of Cancun that has come under fire from environmentalists.

The $538,570 fine ($7.2 million pesos) is due to a lack of authorizations on the environmental impact of the undertaking, officials said in a statement Thursday.

The $180 million "Dragon Mart" project is financed by the Chinese company Chinamex.

The project has been criticized by environmentalists because 418 hectares (1,032 acres) out of the total 557 (1m0376 acres) on which the mall is to be built is located on land designated as a nature reserve.

The company was cited specifically for building two paths through wetlands without the necessary paperwork and for the project's impact on coastal ecosystems.

The project stalled initially after authorities refused to issue a construction permit but got going after several rounds of legal appeals.

Yahoo announced Thursday the relaunch of its e-commerce platform, which allows small businesses to easily set up online retailing.

The new Yahoo Stores system, said a company blog post, allows users to "turn your idea into a business in less than two minutes."

Amit Kumar, head of Yahoo Small Business, said the new platform was "a completely reimagined, next-generation version" of a service Yahoo that began 16 years ago.

The company "took the best of everything we've learned from our million-plus customers over the past 16 years and applied it to Yahoo Stores to give small business owners a more powerful, streamlined and beautiful way to turn their ideas into a business," he said.

Kumar said the online store can be set up to take orders within minutes, including a secure payment processing system.

Customers can visit the Yahoo Stores site and select themes from a variety of templates to sell on websites and mobile devices, the company said.

The move can help Yahoo regain a foothold in online retailing in a market expected to grow to $304 billion this year, according to the research firm eMarketer.

The research firm said mobile commerce -- or sales via mobile devices -- will represent around 1.2 percent of online sales this year.

soe-rl/nss

YAHOO!

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