Month: August 2024

A new study conducted by Netcomm and Althesys has revealed the substantial economic contribution of e-commerce to Italy. The sector generated a shared value of over €133 billion in 2022, accounting for 7% of the country’s GDP, marking a substantial increase of 13.9% compared to the previous year. Job Creation and Public Investment E-commerce played […]

JD.com, China’s leading e-commerce retailer, has reported a stellar second quarter, exceeding expectations with a 92% surge in revenue. This impressive growth can be attributed in part to the company’s strategic initiatives, including aggressive price cuts and the implementation of a new trade-in program. A Surge in Revenue JD.com’s second-quarter revenue reached record highs, reflecting […]

China has achieved a significant milestone in its e-commerce journey, surpassing the 100 billion mark for annual package deliveries. This remarkable feat is a testament to the explosive growth of online shopping in the country, driving the courier industry to unprecedented heights. A Record-Breaking Year The 100 billion package delivery milestone marks the earliest annual […]

Temu, the rapidly expanding e-commerce platform, has officially opened its doors to European merchants. The platform now welcomes businesses from Germany, France, Italy, Spain, the UK, and the Netherlands to register as sellers and capitalize on Temu’s growing popularity in the European market. A New Model for European Sellers Temu’s invitation extends to European merchants […]

eBay is making a significant change to its buyer protection policies, offering shoppers greater flexibility in canceling their purchases. Effective August 28th, buyers will be able to cancel an order at any time before the seller marks it as shipped. This update aims to streamline the buying and selling process, benefiting both shoppers and sellers. […]

The Dutch e-commerce market is poised for continued growth in 2024, according to a new forecast by ING Bank. Despite a slight contraction in overall retail sales, online revenue is expected to surge by 8%, outpacing the broader retail sector. Pure Online Retailers Outshine Multichannel Players The growth in online sales is primarily driven by […]

Ceconomy, the parent company of MediaMarkt and Saturn, has announced a robust financial performance for its third fiscal quarter. The company’s revenue surged by 6.6% to €4.92 billion, with comparable sales growing 5.2%. This growth can be attributed in part to the European Football Championship, which boosted TV sales, and the increasing contribution from the […]

Shein, the global fast-fashion giant, has received a significant boost for its ambitious expansion plans in Guangzhou. Local authorities have granted 25 construction approvals for the initial phase of the company’s new supply chain hub, spanning a development area of at least 800,000 square meters. This marks a crucial milestone in Shein’s efforts to strengthen […]

Online recommerce platform Vinted has reversed a recent policy change that sparked significant backlash from its seller community. The platform had introduced an update that removed the ability for sellers to deselect specific shipping options when listing items. This change was met with resistance from UK-based sellers who faced increased logistical challenges as a result. […]

TikTok Shop, the e-commerce arm of the popular short-form video platform, is implementing changes to its fee structure for UK-based sellers. Effective September 2nd, the platform’s commission fee will increase from 5% to 9%. Balancing Fee Increases with Seller Support While this marks the first fee adjustment since TikTok Shop’s UK launch in 2022, the […]