The Daily Rundown: Alibaba Open for (Small) Business

Welcome to the Small Business Run Down. Each day, we bring you stories and trends that impact small business owners and their workforce.

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The Daily Rundown

Welcome to the Small Business Run Down. Each day, we bring you stories and trends that impact small business owners and their workforce.

Small business news didn’t stop just because we halted publishing last week. Here’s a peek at the stories you might have missed over the past few days while we were preparing to unveil our new look.

Looking to expand your market reach? Open Sesame!

Soon US small businesses can begin selling on e-commerce site alibaba.com, per an announcement from the Chinese mega marketplace last week. Alibaba Group, the site’s parent company, hopes the move will help them tap into the B2B market and attract US SMBs by offering them global selling power.

The Number:  95%. Currently, almost 95% of sellers on the site are based in China. 

The Quote:Alibaba.com was well known as more of a gateway to China’s well-established supply chain for global buyers. Now they are opening this up to U.S. small businesses so they could sell their products.”

Court rules: still more changes to California classification laws

Still confused about California’s ABC law for determining who is a contractor and who isn’t? You’re not alone. The 9th US Circuit Court of Appeals made a ruling last Monday that could have a big impact on California’s small business owners. The ruling stated that the ABC standard could apply retroactively, leaving companies on the hook for multiple years worth of civil penalties if they were out of compliance. The Court then apparently seemed to switch their position, saying that they would withdraw the ruling…before deciding to send the question of retroactivity back to the Golden State’s Supreme Court. Stay tuned.

The Number: 9-12. Ordinarily, it can take anywhere between 9 to 12 months for the California Supreme Court to issue a ruling. 

The Quote: “Retroactivity under Dynamex means an employer could be liable for incorrect classification as far back as four years; an employer facing a worker classification lawsuit filed in 2018 could be held liable for damages as far back as 2014, before the Dynamex standard existed.”

Small Biz Owners adopting WhatsApp messaging

WhatsApp messaging rolled out their business app for Android in January of 2018 and the IOS version in April of this past year. Already, nearly 5 million small businesses are using the chat platform to enhance customer relations and expand their business impact, according an announcement by the global head of WhatsApp.

The Number: 1.5 billion. If you consider that 1.5 billion people around the world currently use WhatsApp to communicate with friends, family and business contacts, it’s worth investigating how the program might augment your company’s social media efforts.

The Quote:I am proud to see WhatsApp is not only a part of people’s daily lives, but also provides opportunities for economic growth.”

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