TikTok and Amazon have entered into a strategic partnership. This collaboration aims to seamlessly integrate Amazon products into the TikTok shopping experience, offering users a more convenient and engaging way to discover and purchase items. Amazon Products on TikTok’s For You Page As part of the partnership, TikTok users will begin to encounter Amazon product […]
Alibaba and ByteDance Signal Easing of E-commerce Price War
China’s e-commerce giants, Alibaba and ByteDance, are showing signs of a potential detente in the fiercely competitive price war that has gripped the industry. Both companies have recently announced policy changes aimed at shifting focus away from aggressive discounting and towards a more sustainable growth model. Douyin Adopts a More Refined Pricing Strategy ByteDance’s e-commerce […]
Amazon Powers German SMEs to Double-Digit Cross-Border Growth
Amazon has released its annual report highlighting the remarkable performance of German small and medium-sized enterprises (SMEs) on its platform. Despite economic challenges, German SMEs achieved a 10% increase in cross-border sales in 2023, generating a combined revenue of €5.5 billion. Steady Growth Amidst a Challenging Year The 10% growth rate mirrors the performance of […]
Next Outperforms Rivals with Strong Cross-Border Growth
British fashion retailer Next has reported robust financial performance, bucking the trend of struggling online peers such as Asos and Boohoo. The company’s strong showing, particularly in the realm of cross-border sales, has driven upward revisions to its profit expectations. Outpacing the Competition While Asos and Boohoo grapple with maintaining online sales, Next has demonstrated […]
Zalando Reports Strong Q2 Performance, Confirms Full-Year Outlook
Online fashion platform Zalando has announced positive financial results for the second quarter of 2024, signaling a recovery from the challenges faced in the previous year. The company reported a revenue increase of 3.4% year-over-year to €2.6 billion, accompanied by a significant boost in profitability. Improved Profitability and Growth Zalando’s Gross Merchandise Value (GMV) also […]
Temu Faces Supply Chain Backlash from Mainland Sellers
The meteoric rise of discount shopping giant Temu has been accompanied by growing concerns about its business practices. Recent reports of protests by mainland suppliers alleging unfavorable platform terms have cast a shadow over the company’s rapid expansion. Supplier Complaints Surface Hundreds of mainland suppliers reportedly staged a protest at Temu’s Guangzhou office, voicing their […]