China’s Logistics Sector Records Busiest Year in 2024

China’s logistics industry achieved unprecedented delivery volumes in 2024, marking its busiest year to date. According to the State Post Bureau, the sector saw record-breaking activity, driven by surging demand for e-commerce and consumer goods. As China emphasizes consumption as a critical pillar of its economic strategy, logistics providers are gearing up for another robust […]

Whatnot Plans Further European Expansion

Whatnot, a livestream shopping platform competing with TikTok Shop, is setting its sights on further growth in Europe. The U.S.-based company announced its expansion plans following a successful funding round that raised 257.2 million euros (265 million dollars), bringing its valuation to nearly 4.8 billion euros (5 billion dollars). Livestream Shopping Gains Traction Founded in […]

Galaxus Sees 18% Sales Increase with European Expansion Plans

Galaxus, Switzerland’s largest e-commerce platform, reported an impressive 18% increase in sales over the past year, bringing its total revenue to €3.4 billion. The company’s growth is attributed to an expanded product range and strong performance outside of Switzerland, with further European expansion on the horizon. Platform Growth and Product Expansion In its latest report, […]

Walmart Partners with Meituan for Rapid 30-Minute Deliveries in China

Walmart has announced a partnership with Chinese tech company Meituan, promising 30-minute delivery services “anytime, anywhere.” This move underscores Walmart’s commitment to enhancing its online-to-offline (O2O) strategy and delivering faster, more efficient services to its customers in China. Expanding Walmart’s Reach Meituan, a leading Chinese on-demand service platform, specializes in food delivery, logistics, and retail […]

DMSMatrix Reports: MediaMarkt Expands Marketplace to Belgium, Poland, and Turkey

Electronics retail giant MediaMarkt is set to extend its online marketplace operations to Belgium, Poland, and Turkey. This move follows a strong performance in the past fiscal year, where the company’s marketplace revenue doubled, signaling robust growth in its digital commerce operations. Expanding Reach and Product Range The planned expansion will introduce MediaMarkt’s marketplace to […]

Back To Top