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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 […]
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 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 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 […]
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, 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, 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 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 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 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 […]
