Global Ecommerce Weekly News: 20th January 2022

Clea Boyd-Eedle

January 20, 2022

20th January 2022:

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

Supply chain issues in Australia expected to worsen

  • Driver and pallet shortages are causing supply chain issues across Australia, leaving supermarket shelves bare and forcing stores to impose purchase limits on certain products.

  • Up to half of all drivers are unable to work due to illness or isolation, prompting the Australian Government to cut short isolation periods for drivers.

  • The situation is expected to worsen as Omicron spreads across the country.

Read more on Internet Retailing

Reebok to be brought to China by Authentic Brands Group and Tristate Holdings

  • ABG, who acquired Reebok from Adidas, will be bringing Reebok to China, Hong Kong, Macau and Taiwan by the end of Q1 2022.

  • The company has signed a long-term licensing agreement with Tristate Holdings, who will act as the sole operator of Reebok’s retail stores, e-commerce operations, and distribution within the market.

Read more on Fashion United

The Hut Group provides FCA with data to prove share price manipulation

  • The Hut Group (THG) has handed over data to the Financial Conduct Authority (FCA), aiming to prove that investing hedge funds and stock brokers conspired together to push down the company’s share prices.

  • THG had a dismal IPO when the company was listed in 2020, with £2 billion wiped off the company’s value in the following months.

Read more on Charged Retail

French alternative to Amazon, Ankorstore, becomes unicorn with €1.75bn valuation

  • France-based marketplace Ankorstore has raised €250m in a Series C funding round to reach a valuation of €1.75bn, making it France’s latest unicorn.

  • The marketplace offers products from more than 200,000 independent retailers from 23 countries across Europe, putting a focus on local retailers and making their products more accessible.

Read more on Silicon Republic

JD launches Ochama, robotic stores in the Netherlands

  • has opened its first stores under its new brand Ochama in Leiden and Rotterdam in the Netherlands.

  • The Ochama stores will incorporate robot technology to pick and pack orders, offering a high-tech, seamless experience for customers.

  • Ochama uses a dedicated app, allowing customers to browse and purchase products before arriving at the store where robots fulfill their orders.

Read more on Internet Retailing

The Very Group records double-digit revenue growth compared to pre-pandemic figures

  • UK-based etailer The Very Group has released its Christmas performance figures, recording a rise of 11.5% in revenue compared to its 2019 pre-pandemic figures.

  • The company has also recorded a 21.9% growth in sales in the same two year period, signaling consumer’s ongoing favourability of online shopping.

Read more on The Retail Bulletin

Belgian government to introduce stricter measures to counter fraud reference pricing

  • The Belgian government will be invoking an EU directive to protect customers against increasing fraud reference pricing practices.

  • The directive stipulates that any discounted price will have to be compared to a reference price, the lowest price the product was offered within 30 days pre-sale.

Read more on Retail Detail

WeChat releases user and platform insights for 2022

  • WeChat has just released its official data pertaining to its users and platform insights, unveiling huge growth, especially in regards to in-app retail spending.

  • Mini Programs are sub-applications within the platform that allow users to manage tasks, access services, and also facilitate e-commerce transactions.

  • In 2020, over 100 million WeChat users used Mini Programs to shop from retail stores and retail transaction volume grew 100% from 2021 to 2022.

Read more on China Internet Watch

Gen Z leading demand in China for imported goods on Tmall Global

  • Shoppers born after 2000 (Generation Z) are the fastest-growing consumer demographic on Alibaba’s Tmall Global, the Chinese marketplace giant has revealed.

  • The number of Tmall Global users who were born after 2000 grew 70% from March 2020 to March 2021.

  • Tmall Global, a cross-border platform, has 100 million annual active users, with 30% of users being born after 1995.

Read more on Alizila

Amazon backs away from decision to stop accepting Visa payments in the UK

  • Amazon has reversed its decision to no longer accept Visa payments on its UK site, following discussions with the payment provider.

  • Whilst a final agreement has not yet been made between the two parties, Amazon has promised that users would not be affected, and would still be able to use their Visa cards as payment on the platform.

  • Amazon had announced it would no longer accept Visa payments late last year, a move which would possibly affect thousands of UK businesses and millions of customers.

Read more Charged Retail

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Sept 6, 2022

Global Ecommerce Weekly News: 6th September 2022

Get up to date with this week's ecommerce headlines from around the globe. --- Amazon News --- Amazon announces new inventory and distribution service, AWD Amazon has launched Amazon Warehousing and Distribution (AWD), providing inventory and distribution services to its sellers as a means of addressing current supply chain issues. AWD is now available for sellers using Fulfilment by Amazon (FBA), i.e. outsourcing their fulfilment to the platform. Amazon has plans to expand the service outside the platform in 2023. [Read more on Charged Retail]( Amazon Web Services (AWS) launches in the UAE AWS, Amazon’s cloud-computing platform offering, has launched its second region in the Middle East and now provides its services in the UAE. The move will now allow anyone in the UAE who utilises cloud technologies to harness AWS’s advanced platforms and APIs. An estimated $11 billion USD is expected to be added to the UAE’s GDP thanks to the implementation, with an average of 6,000 external vendor jobs to be created annually. AWS is now available in 87 zones across 27 regions, with sights set on expanding further across Australia, Canada, India, Israel, New Zealand, Spain, and Switzerland. [Read more on Charged Retail]( --- Other Marketplace News --- Lazada to launch in Europe Alibaba-owned ecommerce platform Lazada is set to launch in Europe, marking a refreshed internationalisation push from the company. The move follows toughening economic conditions and performance in Southeast Asia, advancing the need to tap overseas markets. In Europe, Lazada will face tough competition from giants like Amazon and Zalando. Lazada’s exact entry strategy is to be confirmed and will be reliant on macroeconomic and market conditions, according to Lazada CEO James Dong. [Read more on DigitalCommerce360]( Chinese ecommerce giant Pinduoduo to launch cross-border platform in the United States Pinduoduo, a Chinese ecommerce giant rivalling Alibaba and JD, has announced it will be launching a new cross-border ecommerce platform. The marketplace is set to launch in the United States next month, as part of the company’s larger push into new markets. Pinduoduo found success in China thanks to its rock-bottom price offerings and harnessing of social commerce marketing, emulating strategies similar to fast-fashion giant Shein. [Read more on Yahoo Finance]( Alibaba launches its biggest B2B sales event, ‘Super September’ China ecommerce giant, Alibaba, has now launched its month-long B2B sales event ‘Super September’. The event provides 40 million buyers and 200,000 suppliers with the ability to connect on the platform, showcasing a ‘virtually unlimited’ number of products. The event hopes to foster new cross-border business relationships to tackle supply chain challenges currently faced by businesses. [Read more on Charged Retail]( --- Other Ecommerce News --- Klarna’s losses quadruple in first half of 2022 BNPL provider, Klarna, has reported losses of $581 million USD for the first half of 2022. This figure is almost four times larger than a year earlier, where $129 million USD in losses were reported. The company attributes the losses to employee costs, technology investments, and rising credit losses. Klarna’s figure reporting comes amidst worsening economic conditions, fresh legal and regulatory scrutiny, and pressure from Big Tech competitors. [Read more on The Financial Times]( [Read more on the Guardian]( One fifth of Snap employees to be laid off amidst poor financial performance Social media platform Snap (‘Snapchat’) has announced it will be laying off 20% of its employees and closing out a number of projects following a year of poor financial results.The move will see 1,200 employees globally lose their jobs, saving the company an estimated $500 million USD in costs. Snap is currently valued at $20 billion, an 84% decrease from its valuation of $130 billion last year. [Read more on Charged Retail](
Aug 30, 2022

Global Ecommerce Weekly News: 30th August 2022

Get up to date with this week's ecommerce headlines from around the globe. --- Amazon News --- Amazon set to shut down Amazon Care Amazon is closing its telehealth service, Amazon Care, which launched in 2019 as a trial program for its headquartered employees. Later the service was rolled out nationwide for employees and other companies. The ecommerce giant has now made the decision to move away from the healthcare space, believing it was not the right long-term solution for its enterprise customers. [Read more on CNBC]( Peloton closes new deal to sell on Amazon Following a recent deal, Amazon customers will soon be able to buy Peloton fitness equipment on the marketplace, marking Peleton’s first move outside a direct-to-consumer model. According to Peloton’s CCO, there are already around half a million searches on Amazon for Peloton products every month, despite having no presence on the marketplace. Some key products include the original Peloton Bike, retailing for $1,445 and Peloton Guide for $295. [Read more on Charged Retail]( --- Other Marketplace News --- 60% of Malaysians are buying from local sellers on Shopee A recent survey of nearly 3,500 respondents found that nearly half of the shoppers prefer to purchase from local sellers due to shorter delivery times. Other shoppers decide to shop locally due to the quality of the products made in Malaysia and an interest in keeping the economy running. As a result, smaller local merchants have been able to grow their businesses, and shoppers benefit from shorter delivery times, products of high quality and supporting local businesses. [Read more on The Malaysian Reserve]( Flipkart’s social commerce platform Shopsy crosses 100 million users Flipkart launched a social commerce arm, Shopsy, in July of last year, which has now surpassed 100 million users, ahead of its target timeline being the end of 2022. This acquisition of new users has made Shopsy one of the largest platforms of its kind in the country, and is expected to onboard a further 100 million by the end of 2023. The platform is centred around boosting local entrepreneurship and powering ecommerce for consumers across tier 2+ regions where users face challenges around trust and navigation when shopping online. [Read more on Business Standard]( Meta joins Amazon and Walmart in bid for Indian ecommerce market Amazon mentioned earlier in the year that it would be building a logistics division in-house through its purchase of a 51% stake in Ecom Express, an end-to-end logistics firm, to make ecommerce deliveries more efficient in the country. Walmart operates Flipkart in India and is set to continue its investment in the marketplace. In an effort to compete in the Indian ecommerce market, Meta has partnered with Indian ecommerce company, JioMart, to offer customers a grocery shopping platform within its WhatsApp chat feature. [Read more on Pymnts]( --- Other Ecommerce News --- Ecommerce in Spain worth €57.7 billion in 2021 Spanish ecommerce saw 11.7% growth compared to last year, largely attributed to cross-border sales. In the final quarter of 2021, ecommerce sales in Spain were at €16.9 billion euros, at least 60% of which came from cross-border sales. Transactions from foreign locations to Spain generated a turnover of €1.56 billion in Q4, a growth of 27.7% compared to Q4 a year before. [Read more on Ecommerce News](
Aug 23, 2022

Global Ecommerce Weekly News: 23rd August 2022

Get up to date with this week's ecommerce headlines from around the globe. --- Amazon News --- Amazon to add mental health support to primary-care service Amazon is set to move into mental health therapy with its primary-care division, following its recent acquisition deal of One Medical. The plan is to partner with virtual behavioural therapy service, Ginger, to offer its Amazon Care users with on-demand access to mental health services, licensed therapists and psychiatrists. [Read more on Charged Retail]( GMB union calls for £15 an hour minimum pay at UK Amazon warehouses Amazon recently offered its warehouse workers a 3% pay rise, which in comparison to the June inflation rate of 9.4% left employees disappointed. Following this, hundreds of Amazon warehouse workers stopped work last week, protesting against the minimal pay increase, seeking a minimum of £15 an hour. Recent protests consisting of employee walkouts and sit-ins aim to get a better offer out of Amazon. [Read more on The Guardian]( Amazon third-party sellers have received their first-ever holiday fee hike Amazon’s third-party marketplaces account for close to half of the company’s online sales. The company introduced a 5% fuel and inflation charge to its third-party sellers earlier this year, and has now implemented another inflation increase charge. Commencing 14 October, any seller who uses Amazon’s fulfilment service is subject to the price hike, which is set to be an additional 35 cents per item for products sold in the US and Canada. [Read more on Charged Retail]( Amazon puts a pause on UK grocery shop roll-out as the cost of living increases Amazon has slowed down on its UK roll-out of till-free Amazon Fresh grocery stores following disappointing sales and the rise in cost of living. Allegedly, the company is no longer looking for potential sites to expand and if more stores are opened, they will likely no longer use a till-free system, as consumers become more cautious about spending. [Read more on The Telegraph]( --- Other Marketplace News --- Shopee overtakes Alibaba across international markets Shopee has surpassed Alibaba and taken the top spot for sales outside of China. Singapore-based marketplace saw a year-on-year increase of 51.4% at the end of Q2 of this year, while Alibaba saw a 3% drop during the same time period. This can be seen as a promising development for start-ups and their ability to compete with some of the largest ecommerce giants in the market. [Read more on Exchange Wire]( H&M reopens its official store to Alibaba’s Tmall ecommerce platform It has been nearly 18 months since Alibaba removed H&M from its Tmall platform, following H&M’s criticism of human rights abuses in Xinjiang. It is estimated that over a million people, predominantly minorities in the area, have been unlawfully detained in camps across the city. Brands including Nike, Adidas, Burberry and Converse were swept up in the controversy, however H&M was one of the first to be targeted for speaking out about the issue. [Read more on Charged Retail]( Klarna launches new feature allowing UK consumers to view full online order history Buy-now-pay-later company, Klarna, has launched a new feature on its shopping app, which allows UK consumers to view their full online order history, regardless of whether they purchased the product using Klarna. The feature also shows delivery tracking and aids consumers in managing their online purchases more conveniently. [Read more on The Industry]( --- Other Ecommerce News --- Online marketplaces responsible for £280 billion business turnover in the UK Nearly 900,000 UK businesses are currently selling on online marketplaces, generating an estimated £282 billion worth of sales each year. This figure represents 6% of the UK’s annual business turnover, highlighting the notable contribution that marketplaces make to the UK economy, along with the potential for further growth in this area. [Read more on Charged Retail](