23 percent of ecommerce in Europe is cross-border, research shows

The online cross-border market in Europe has seen a turnover of EUR 95 billion in 2018, corresponding to a cross-border share of total online sales of 22.8%. These are the findings of the first edition of the Top 500 Cross-Border Retail Europe research by Cross-Border Commerce Europe. Through this research, the organisation wanted to measure the... Continue Reading →

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Russian users prefer installment plans for online shopping

Users will most often take online loans to pay for household goods, educational services, and appliances, a Yandex.Checkout study reveals. An average one-time loan taken by a Russian customer amounts to about USD 350 (26 thousand rubles) and has a term of up to 6 months. The study covers payments made using the installments service... Continue Reading →

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 →

Ecommerce platform AmeriCommerce launches new payment solution

AmeriCommerce, a US-based ecommerce platform, has announced the release of AmeriCommerce Payments for all of its merchants. The platform allows unlimited transactions and order volume regardless of plan level. With AmeriCommerce Payments, merchants can start accepting payments within minutes of signing up while having a complete view of all their transaction details in one place.... Continue Reading →

Ecommerce startup Jumia files for IPO

Nigeria-based ecommerce startup Jumia has filed for an IPO on the New York Stock Exchange, according to TechCrunch. The valuation, share price and timeline for public stock sales will be determined over the coming weeks. Founded in Lagos in 2012 with Rocket Internet backing, the startup operates multiple online verticals in 14 African countries, spanning Ghana, Kenya,... Continue Reading →

PayPal to invest USD 750 mln into ecommerce company MercadoLibre

PayPal has announced it will make a USD 750 million investment through the purchase of common stock in Argentina-based ecommerce company MercadoLibre. The deal is part of MercadoLibre's intention to offer approximately USD 1 billion of common stock. MercadoLibre also intends to grant the underwriters a thirty-day option to purchase up to USD 150 million of additional... 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 →

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, JD.com expand ecommerce partnership

Farfetch and JD.com 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 JD.com app, providing JD.com’s 300 million customers with access to more than 3,000 brands via... Continue Reading →

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