Microsoft Corp. is reportedly looking to take on Shopify Inc. in the e-commerce online store-building market in response to demand from some of its larger customers.
Shopify sells a platform for building e-commerce stores for enterprises and smaller businesses that want to sell their products online.Its platform comes with a range of hosting options that include networking, storage and compute, plus domain creation services, integrated payments and everything else that goes into running such a store. The company also sells content management and marketing services, starting at $29 per month for its most basic plan.
As of 2018, Shopify was doing some pretty good business, with more than $1 billion in revenue and in excess of 800,000 merchant customers on its books.
Shopify sells other services through its partners as well, including tools for accounting and tax compliance, inventory management, logistics and order fulfillment. Microsoft sells similar tools through its Dynamics product.
The Information reported today that Microsoft is now “seriously considering” building a rival platform to Shopify. The report cites an interview with Shelley Bransten, Microsoft’s corporate vice president of global retail and consumer goods, who confirmed that the company is indeed mulling over the possibility of jumping into the market.
Source: Report: Microsoft considers taking on Shopify in the e-commerce market – SiliconANGLE