China's consumers are the driving force behind the economic growth of the country in 2019. Alibaba is one of the fastest growers and is the undisputed number one in online commerce. The distance to the competitors is immense. One in two orders is placed on Alibaba Originally meant as an event to show its rivals what it could do, Singles Day has become a very big success. In
Russian SPUTNIK marketplace set to launch this autumn
New Russian marketplace SPUTNIK is set to launch this autumn. According to the platform, it aims to sell "trustworthy" goods to Russian consumers. The product range will consist of a wide range of goods, including clothes, footwear, accessories, and household equipment. Vladimir Stupnikov, CEO of SPUTNIK, attributes the planned launch to the increased customer demand for
Amazon accounts for 27% of German e-commerce
According to marketplace sales data of Amazon that has been leaked by sellers, Amazon Germany currently makes up 27% of Germany’s total e-commerce revenue. An email containing insights into the total turnover of the German Amazon has accidentally revealed this information to the marketplace retailers. This information was previously kept secret. Conclusions regarding the
Otto now counts 7 million retailers
A large number of sellers decided to join the online marketplace platform Otto this year. It now has approximately 7 million merchants selling their products via the website. Today, Otto announced that during the last financial year (2018), they have achieved a higher growth rate than usual. According to Otto, the strong investment into the development of their platform has
Amazon pays employees to quit their job and start a business
A new business opportunity has been announced by Amazon for its employees if they have enough savings to start their own company. They are offered 10,000 dollars and an amount that is equivalent to three months salary if they quit and start to run a fleet of delivery trucks. This way, they will work for the e-commerce company through its ‘Delivery Service Partner’ -program.