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 →

Amazon’s influence machine flooding Washington with money and muscle

WASHINGTON DC: After building out a powerful influence machine in Washington over the last few years, Amazon is going on the attack. The company is pushing aside trade groups it doesn’t like and creating new ones it does. It’s dispatching senior executives to woo antitrust enforcers. And it’s poaching senior staff from government agencies and congressional offices.... Continue Reading →

Karachi Bakery targeted in Bengaluru, asked to change its name

The incident comes over a week after the Pakistan-backed Pulwama terror attack in which 40 CRPF jawans were killed. BENGALURU: Tension gripped Indiranagar, a tony locality off MG Road, after miscreants targeted Karachi Bakery in the area, objecting to the outlet's name, on Friday night. The incident comes over a week after the Pakistan-backed Pulwama terror attack in which 40... Continue Reading →

Payless closes its 2,100 US stores and plans to shut down online store

Payless, the discount shoe store, has announced it will close all its stores in the US and Puerto Rico and has planned to shut down its online store. Liquidation sales began in February 2019 and stores will begin closing in March, though most will stay open until May 2019. Moreover, Payless plans to shut down... Continue Reading →

Digital marketplace Noon to expand into Egypt

Digital marketplace Noon has announced it will launch its services to Egypt, after being present in the UAE and in Saudi Arabia. The digital marketplace has made Egypt its third regional market. In a statement, Noon said it aims to bring customers in Egypt a streamlined experience, providing a range of products including electronics, fashion, beauty, baby,... Continue Reading →

Kaola reportedly discussing merger with Amazon

Kaola, NetEase’s cross-border ecommerce site, and Amazon have allegedly been in talks over a possible merger, according to TechNode. The companies signed a deal to combine China cross-border businesses in a stock-for-stock merger in late 2018 but the negotiations have been difficult, according to the publication. Kaola did not comment on the reported merger, which could increase... Continue Reading →

Apple, Goldman Sachs to pair credit cards with iPhones

Goldman Sachs has teamed up with Apple to issue credit cards paired with iPhones for streamlined money management. According to Fintech Futures, the card, which will be linked with Apple’s Wallet app, will allow users to set spending goals, track rewards, and manage balances. The new cards will be rolled out to employees for testing in February and... Continue Reading →

TikTok: The world’s most valuable startup that you’ve never heard of

Anticipation has long been building about the impending takeover of the tech world by Chinese digital giants like Alibaba, Tencent, Baidu, and JD. Efforts so far, however, have been largely disappointing. The most popular messaging app in the West is WhatsApp, not WeChat; people use PayPal, not Alipay, for digital payments; Google dominates the search... Continue Reading →

Aussie entrepreneurs turn to China for investment

Some Australian entrepreneurs are willing to go further than others in the search for funding to get their business ideas off the ground. A contingent of Australian entrepreneurs and small business owners in July will travel to China to meet investors and partners who are keen to support innovative new ventures Down Under. Led by... Continue Reading →

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