Alibaba is working on entering the European market. To provide a better service, they will open a European hub in Liege, Belgium. The Chinese marketplace giant has reserved 75 million euro for the creation of this hub. Wednesday, December 5th, contracts were signed. In the deal, it is agreed that Alibaba will have 220.000 square meters available at Liege Airport. The first
Alibaba: king of the holiday season
Tamebay.com reports that Alibaba, the most powerful, well-known Chinese marketplace platform, is the absolute king of the 2018 holiday sales. Comparing the United States versus Alibaba Holiday sales for 2018, Alibaba’s Single’s Day beat all four American Cyber weekend sales combined. Adobe tracked sales in the United States during Thanksgiving Day, Black Friday ($6.2
Investors slightly disappointed in growth JD.com
Alibaba's biggest competitor, JD.com, finished its third quarter with a total turnover of 15.3 billion dollars. Net profits were about 0.4 billion. Despite these results, investors were disappointed in the growth of the online platform. It was the lowest growth since JD.com entered the stock market four years ago. Now that competition in the Chinese market is rising, JD.com has
Zalando expects to grow revenues 20-25% in fourth quarter after challenging Q3
Fashion platform Zalando expects to grow revenues in the fourth quarter of 2018 by 20-25% after a financially challenging third quarter with 11.7% revenue growth to €1.20 billion and an adjusted EBIT of €-38.9 million, corresponding to a margin of -3.2%. Zalando's Partner Program continued to grow above expectations, with improved tools cutting the time to onboard new articles
Amazon Expands Free Shipping to All US Customers for the Holiday Season
For a limited time, all Amazon customers in the United States can enjoy free shipping with no minimum purchase amount. For Amazon Prime members in the USA, this means they can also choose free same-day delivery on more than three million eligible items. This holiday season, Amazon is giving customers in the USA faster delivery options. Started November 5, for a limited time,