WORLDEF Weekly E-Commerce Newsletter | 26 May 2024
E-Commerce Bulletin | WORLDEF
Prominent news and sectoral developments in the global e-commerce ecosystem...
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A major e-commerce event is organized in Istanbul by the international e-commerce platform WORLDEF. The event, which will bring together the global e-commerce ecosystem, is positioned as the "biggest e-commerce event of the year". WORLDEF ISTANBUL 2024, which will host major collaborations specifically in e-commerce, hosts a wide audience from 40 countries, from e-commerce focused manufacturers to suppliers, from service providers to marketplaces. Days left for the event that offers unique advantages to Turkish brands!
E-COMMERCE NEWS - WORLDEF
The number of marketplaces in the e-commerce sector in Turkey is gradually increasing. Retail e-commerce brands are turning into marketplace platforms. The last example of this was “lcw.com”. LC Waikiki has become an online marketplace. lcw.com currently hosts 380 brands and 210 sellers. The brand's new e-commerce platform lcw.com was introduced. LC Waikiki E-Commerce General Manager ?mer Barbaros Yi? said, "We aim to make a difference with artificial intelligence-based technologies and personalization-oriented applications within lcw.com." said.
Ko?Zer, the corporate purchasing and supply chain management company within the Ko? Group, introduced ZerGO. ZerGO, a B2B marketplace designed according to workplace needs, will bring buyer and seller companies together in a safe and digital environment.
Bugatti has launched a new online portal featuring the full range of Bugatti lifestyle products, from rare works of art to scale model Bugatti. In the renewed digital space for global consumers, consumers can access all products from one place. Bugatti's new online portal can deliver anywhere in the world.
Amazon Türkiye will hire 400 warehouse operators for the Prime Day event in July. Job opportunities at Amazon include; There are positions such as storing, collecting, packaging, sorting and shipping customer orders.
Google has invested nearly $350 million in Flipkart, becoming the latest high-profile company to back Flipkart, the Indian e-commerce platform owned by Walmart.
Teknosa is expanding its goals with the 'Digital-Focused Transformation' program it launched in 2023. While the company is planning an investment of 1 billion TL, it aims to double its e-commerce volume. Teknosa increased its e-commerce gross transaction volume by 68 percent, reaching approximately 10.1 billion TL.
The Constitutional Court rejected the application made by the Council of State requesting the annulment of Article 4 of the E-Commerce Law. Accordingly, e-commerce platforms will be obliged to pay license fees every year.
Amazon is building a network of micromobility hubs in the UK. Micromobility centers are known as sorting centers in urban areas.
E-COMMERCE NEWS - WORLD
'WORLDEF Istanbul 2024 offers Turkish producers and retail brands a chance to enter global markets,' says WORLDEF president.
(MENAFN) WORLDEF Istanbul 2024, the upcoming e-commerce expo, is poised to bring together prominent figures from Turkey and the global retail e-commerce sphere. Scheduled to occur at the Istanbul Yenikapi Event Area from June 6 to 8, the event anticipates drawing over 20,000 visitors from 40 different countries, as stated by WORLDEF.
Marketplaces with origins in Asia have gained significant popularity in Germany over the past year. Recent research indicates that nine out of ten German consumers are familiar with these platforms, and 43 percent purchase items from them. Especially Temu is on the rise.
The funding will power consolidation in Western Europe as well as product development. Polish sales analytics platform Quantia has raised $1.2m to provide companies with marketing capabilities across different channels. Quantia is a SaaS provider that collects sales and engagement data both online and offline and translates that data into actionable sales suggestions for businesses.
Business opportunities can be explored in developing Silk Road e-commerce, which will help address Chinese consumers' increasingly sophisticated demand and facilitate the development of digital economy in countries participating in the Belt and Road Initiative, said experts and company executives on Friday.
At least 95.8 percent of European consumers shopped online in the first quarter of this year. In the United Kingdom, that percentage was 93 percent. And in the Netherlanders, 96 percent of consumers shopped online.
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Tajikistan keeps doing its utmost to promote e-commerce in the country's socio-economic sector. On December 24, 2022, Tajikistan adopted the law “On Electronic Commerce” with the aim of protecting the rights and legitimate interests of citizens and organizations engaged in e-commerce and ensuring the free operation of e-commerce in the country, News.Az reports citing News Central Asia.
Online retailer Copia Kenya has appointed Makenzi Muthusi and Julius Ngonga of KPMG as joint administrators of Copia Kenya Limited. In a notice seen by Capital Business, the company states that all the affairs, business, and properties of the company will be managed by the appointed joint administrators.
The Cross-border E-commerce Summit 2024, which opened yesterday in Hà N?i, placed emphasis on a forward-thinking approach in embracing cross-border e-commerce as an opportune means to elevate Vietnamese enterprises and brands onto the global stage, thus reinforcing import-export activities.
India’s e-commerce sector is on a steady rise, bringing the retail landscape of the world’s most populous country online. Giants like Flipkart and Amazon are leading the charge, catering to a growing middle class that values convenience and variety, while upstarts like Jiomart and Nykaa are growing quickly.
In recent years, intelligent property (IP) infringement cases in cross-border e-commerce have surged, prompting customs to become a crucial battleground for combating infringement and protecting IP rights. According to the General Administration of Customs (GAC), the number of batches and quantities of suspected infringing goods seized in cross-border e-commerce has been rising annually.
PostNord‘s E-barometer shows that the e-commerce year 2024 is off to a positive start, as e-commerce sales growth increased by one percent compared to the corresponding period in 2023. Pharmacies and groceries increased the most. On the other hand, builders’ merchants decreased, as did Sports & Leisure.
Nowadays virtually anyone can start an online business. However, far fewer know how to grow it. Therein lies the bigger challenge. Sure, according to eCommerce statistics, the market has enjoyed steady growth over the past few years, with the trend expecting to continue in the next few years.
The Japanese e-commerce giant Mercari has taken another step into the crypto sphere by launching Ethereum (ETH) trading services on its app. The Japanese media outlet CoinPost reported that the firm unveiled the service for Mercari users on May 21.
Imagine a ‘90s shopping mall but digitized and fantastical, filled with cartoon avatars, saturated colors and objects you might otherwise find for sale at your local Walmart.
The Health Department has sought legal action against tobacco rule violations on e-commerce platforms in Karnataka and has warned against illegal sale of tobacco products without specific health risk messages.
LVMH Mo?t Hennessy Louis Vuitton (LVMH Group) and Alibaba Group, an e-commerce and technology company in China, have announced an extended partnership leveraging Alibaba’s cloud technologies, through AI-powered innovations in retail and on-line through Tmall.
Cross-border e-commerce has emerged as a catalyst for economic growth while offering consumers a smooth shopping experience. This consumption model has granted access to China-manufactured products for people globally.
Global e-commerce platform WORLDEF has started preparations for the biggest e-commerce event of the year in Istanbul. WORLDEF ISTANBUL 2024, which will be held in June 2024, will host important names from Turkey and the global retail e-commerce ecosystem.
WORLDEF Weekly E-Commerce Newsletter | 26 May 2024
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