Online sales turnover in Greece to reach 4.5 bln USD

The total ecommerce revenue in Greece is expected to reach USD 4.5 billion in 2019 according to the Greek Ecommerce Association (GR.EC.A). About 85% of shoppers make 80% of their online purchases from Greek e-shops, while cash on delivery makes 54% of online payments. According to GR.EC.A's survey, ecommerce is gaining ground, with 85% of internet users... Continue Reading →

Startups mop up $7 bn from PEs, VCs in 2018

MUMBAI, Mar 8 (PTI) E-commerce and consumer Internet companies have raised over USD 7 billion in private equity and venture capital funds in 2018, says a report. Of the total investment, startups such as Oyo, Swiggy, Byjus, Paytm Mall, Pine Labs, Zomato, Udaan, Policybazaar and Curefit collectively raised the lions share of USD 4.6 billion in 2018, says an EY... Continue Reading →

Farfetch, expand ecommerce partnership

Farfetch and have announced the expansion of their partnership in order to provide the “Premier Luxury Gateway to China” for luxury brands. Under the agreement, Toplife will merge into Farfetch China while Farfetch will gain an entry point on the app, providing’s 300 million customers with access to more than 3,000 brands via... Continue Reading →

Office Depot, Alibaba to open co-branded online store

Office Depot and Alibaba have announced they are opening a co-branded online store to expand the reach of both companies with small and medium-sized businesses (SMEs). The two companies announced the agreement as part of a broader array of services they are providing to small business. Over time, the companies intend to help US-based small businesses sell their... Continue Reading →

Russian marketplace Joom recruits French brands

Joom is a Russia-based marketplace, which can easily be compared to Wish, another popular online platform featuring millions of mostly Chinese-made products. Joom, founded in 2016, already offers 10,000 products from France and sees this market as a testing ground for scaling up sales of higher-value items that are made outside of China, Reuters writes. ‘If... Continue Reading →

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