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 […]
Alibaba Divests Sun Art Stake for $1.7 Billion to Refocus on E-Commerce
Alibaba has sold its entire stake in Sun Art Retail Group, a leading hypermarket operator, to Chinese private-equity firm DCP Capital for $1.7 billion. This strategic move marks a significant shift in Alibaba’s priorities as it doubles down on its core e-commerce business amid changing market dynamics. A Shift in Strategy Alibaba acquired a controlling […]
Amazon Pressures Chinese Sellers on Pricing Amid Competition with Temu
Amazon has intensified its competition with Temu by urging Chinese sellers not to list products at lower prices on the rival platform. This move reflects the growing rivalry between the two e-commerce giants as they vie for dominance in global online marketplaces. Pricing Under Scrutiny According to reports from merchants, Amazon’s local office in China […]
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 […]