TikTok Shop is set to expand its e-commerce operations in Europe by launching its fulfillment service, Fulfilled by TikTok (FBT), in Germany. The move, indicated by recent job postings, suggests that TikTok plans to open warehouses in Germany to support its growing network of sellers. TikTok’s E-Commerce Expansion TikTok Shop was first introduced in parts […]
Alibaba Sells Sun Art for $1.7 Billion to Refocus on E-Commerce
Alibaba Group has agreed to sell its entire stake in Sun Art Retail Group, China’s largest hypermarket operator, for HK$13.1 billion (US$1.7 billion). The buyer is Chinese private-equity firm DCP Capital. The sale marks a shift in Alibaba’s strategy as the company moves away from brick-and-mortar retail to focus more on its core e-commerce business. […]
Kaufland to End Fulfillment Service, Plans International Alternative
German online marketplace Kaufland is shutting down its fulfillment service, Fulfillment by Kaufland (FBK), just over a year after its launch. The service, introduced on February 12, 2023, will remain operational until February 28, 2025. After this date, products stored within the FBK network will be returned to sellers free of charge. FBK Closure and […]
More Shoppers Begin Product Searches on Marketplaces
Online shopping habits are changing, with more consumers starting their product searches on marketplaces rather than search engines or brand websites. According to recent data, at least 47 percent of shoppers globally begin their buying journey on platforms like Amazon, eBay, or Temu. In the United Kingdom, this number is even higher, reaching 54 percent. […]
German Ecommerce Returns to Growth in 2024
After two consecutive years of decline, German ecommerce is back on track, with online product spending reaching €80.6 billion in 2024. This marks a modest increase of 1.1 percent compared to the previous year, signaling a potential turnaround for the sector. Expectations for stronger growth in 2025 are already taking shape. The data comes from […]
WeChat Strengthens E-commerce Presence with Gift-Giving Feature
China’s multi-functional app WeChat continues to expand its e-commerce capabilities, introducing a gift-giving feature that is proving to be a game-changer. According to local reports, this feature accounted for more than 80 percent of recent sales for East Buy, a prominent live-streaming e-commerce company operating on the platform. WeChat, already known for its vast ecosystem […]
OnBuy Achieves 30% Daily Growth in Key European Markets
British cashback marketplace OnBuy is making significant strides in its European expansion, reporting an impressive 30 percent day-on-day sales growth in key markets. This marks a pivotal moment for the company, which has long been one of the fastest-growing e-commerce businesses in the United Kingdom. Quiet But Impactful Expansion Founded in 2016, OnBuy initially focused […]
DMSMatrix Reports: Temu Aims for 80% of European Sales via Local Warehouses
Chinese online marketplace Temu is making significant strides in its European operations by utilizing local warehouses. The company has announced that it plans to process 80 percent of European orders through these facilities, drastically reducing delivery times and enhancing the customer experience. Local Warehouses Revolutionize Logistics Temu entered the European market in 2023, initially requiring […]
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 […]
Chinese TikTok Sellers Prepare for US Ban
Chinese cross-border merchants are preparing for the potential fallout of a TikTok ban in the United States. This looming possibility has prompted many sellers on TikTok Shop to explore alternative platforms such as Amazon and Shein to secure their business interests. Preparing for Uncertainty The prospect of a TikTok ban in one of its largest […]