Whatnot, a livestream shopping platform competing with TikTok Shop, is setting its sights on further growth in Europe. The U.S.-based company announced its expansion plans following a successful funding round that raised 257.2 million euros (265 million dollars), bringing its valuation to nearly 4.8 billion euros (5 billion dollars). Livestream Shopping Gains Traction Founded in […]
Zalando Shortens Return Window and Revises Loyalty Program
Zalando, one of Europe’s leading online fashion platforms, is implementing significant changes to its customer policies in Germany, the Netherlands, and Italy. Starting January 7th, the company will reduce its return window from 100 days to 30 days. Additionally, changes to its loyalty program, Zalando Plus, are expected in these three countries. A Shift in […]
Galaxus Sees 18% Sales Increase with European Expansion Plans
Galaxus, Switzerland’s largest e-commerce platform, reported an impressive 18% increase in sales over the past year, bringing its total revenue to €3.4 billion. The company’s growth is attributed to an expanded product range and strong performance outside of Switzerland, with further European expansion on the horizon. Platform Growth and Product Expansion In its latest report, […]
Walmart Partners with Meituan for Rapid 30-Minute Deliveries in China
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 […]