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February 8, 2022

Global Ecommerce Weekly News: 8th February 2022

By Clea Boyd-Eedle / Amazon, Global Ecommerce, Ecommerce Trends

Get up to date with this week's ecommerce headlines from around the globe.

Pattern acquires

  • Ecommerce accelerator Pattern has acquired, a product information management platform.

  • The deal will further enhance Pattern’s ecommerce technology offerings, helping brands to quickly optimise product listings and automatically update other digital assets.

Read more on PYMNTS

Amazon earns $14.3 billion during 2021 holiday season, raises Prime cost in US

  • Amazon has released its holiday trading figures, having earned more than $14.3 billion USD, double its net income from the previous year.

  • The company has also announced it would be raising the price of Prime membership in the US by $2 USD per month, due to rising inflation and labour costs in North America.

Read more on Reuters

TikTok launches fast-fashion ecommerce platform

  • Tiktok has launched a fast-fashion platform called Dmonstudio, in a bid to take on Chinese fast-fashion giant, Shein.

  • Shein was the most downloaded shopping app globally in 2021, making it a clear target for Tiktok, as the company ventures further into the ecommerce sphere.

  • Last year, Tiktok introduced in-app shopping capabilities, harnessing the popularity of social commerce - particularly amongst young consumers in Asia.

Read more on Tech in Asia reaches sales of €31.6 billion in 2021

  •’s sales grew by €6 billion YOY to €31.6 billion in 2021, a growth of 22 per cent.

  • Amazon’s sales on had the highest growth in Europe in the last 12 months, driven by advertising revenues and cloud services.

  • Figures released by EHI Retail Institute also revealed Amazon to be the industry leader in Germany in 2021.

Read more on Ecommerce News Europe

Australian luxury platform Cettire signs deal with to enter China

  • Australia-based luxury fashion e-tailer, Cettire, has signed a partnership deal with Chinese ecommerce giant,, to enter mainland China.

  • The move opens up Cettire to’s 550 million customers to sell Australian and European luxury fashion at VAT-exempt prices.

  • Mainland China is predicted to become the world’s largest market for luxury goods by 2025.

Read more on Business of Fashion

Wayflyer becomes Ireland’s latest unicorn

  • Wayflyer, an Ireland-based ecommerce financing and growth platform, has just announced it has raised $150 million in its Series B funding round.

  • This gives the company a post-money valuation of $1.6 billion, making it Ireland’s sixth-ever unicorn.

  • Wayflyer acts as a growth partner to promising ecommerce merchants, providing them with access to capital and insights.

Read more on Business Wire

More Resources
2022 International Retail Holidays by Month
Tmall Global Benchmarking Report 2022