Get up to date with this week's ecommerce headlines from around the globe.
Amazon is planning two Prime shopping events this year
Amazon’s ‘Prime Day’ dates this year are the 12th - 13th of July, an event where items on the marketplace are heavily discounted. For the first time, Amazon will hold two Prime Day events. Merchants have been informed and asked to begin submitting promotion deals for the second Prime day, ‘Prime Fall Deal Event’.
Amazon introduces new e-cargo bikes in London to replace van deliveries
Amazon has created a new fleet of e-cargo bikes and on-foot delivery staff in an effort to replace all van deliveries across London. With its initial ‘micromobility’ hub in Hackney, the initiative is set to reduce carbon emissions and congestion on the roads in the city as the company drives towards a ‘global net-zero carbon future’.
Klarna’s valuation crashes from $46bn to $6.5bn USD
Buy-now-pay-later fintech company, Klarna, has been valued at a fraction of its original valuation just over a year ago. The company was one of Europe’s most valuable private companies, but since cutting over 10% of its workforce, struggling amidst surging inflation and falling discretionary spending, investors are taking a more cautious approach.
FedEx and eBay team up to boost APAC business
FedEx has announced a new partnership with eBay, to provide eBay sellers in the Asia Pacific region with access to all of FedEx’s delivery services. Smaller merchants and business owners selling on eBay will benefit from this collaboration, along with more established merchants, as the APAC ecommerce market is expected to grow by around 14% YoY.
JD.com is set to issue shares worth $220m USD to Tencent for WeChat access
In order to access certain services on Tencent’s WeChat platform, JD.com has said it would issue shares worth $220 million USD to Tencent over three years. The deal follows Tencent’s sale last year of a $16.4 billion stake in JD.com to Walmart, which also extended an existing partnership with the WeChat owner.
The Hut Group share price struggles after bidding war
THG has struggled throughout the year, and after rejecting several takeover bids, the company has seen its share price plummet and has struggled to gain in the market. Directors believed the offers were undervaluing the company, but then saw shares tumble by 29% and the company’s share price has not been able to return to where it was trading before the takeover talks dominated the news.
European ecommerce grew 13% in 2021
Ecommerce has continued to grow in Europe, even though the number of online shoppers has fallen. After its peak in 2020, ecommerce growth now seems to be slowing down and stabilising, but is still on a continued upward trend. Crossborder ecommerce represents 40% of purchases, with the highest number of online shoppers being in Western and Northern Europe.
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