Year: 2024

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 […]

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 […]

Alibaba Offers Relief to Merchants: Tmall Waives Fees, Taobao Eases Refund Policy

Alibaba Group, the e-commerce giant, has announced significant changes to its platform policies, aimed at providing relief to merchants and fostering a more conducive business environment. Tmall, Alibaba’s platform for established brands and retailers, will waive its annual service fee, while Taobao, the consumer-to-consumer marketplace, is relaxing its strict refund-only policy. Tmall Waives Annual Service […]

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