Industrial News
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Look at European consumption: what makes this European country, which has always been an optimist, fall into consumption depression?
According to the main conclusions of the global risk analysis conducted by Cadena SER and El País, nothing scares the Spanish more than rising prices. More than nine-tenths of the respondents (90.7%) believe that rising inflation poses a threat to a great extent or to a considerable extent. The r...Read more -
To reduce cross-border costs, Temu launched maritime logistics.
It is reported that Temu, a cross-border e-commerce company owned by Pinduoduo, has cooperated with world-renowned maritime logistics departments such as Mason, Yixing, CMA, Maersk and COSCO Shipping to reduce its logistics costs. It is reported that compared with air transportation, the cost of ...Read more -
Alibaba Europe continues to expand! Acquisition of B2B platform Visable.
According to PR Newswire, Alibaba is investing in Visable platforms in Hamburg, Berlin, Mü nster and Paris. Alibaba and Visable will cooperate to take advantage of Alibaba’s leading position in technology, e-commerce and international expansion experience to accelerate the development of Vi...Read more -
Rising star! Temu, Shein, Miravia are pushing Amazon.
According to the Spanish newspaper El Pais, Temu, Shein and Miravia have “threatened” Amazon’s overwhelming dominance in the e-commerce war. Shein is famous for selling clothes at low prices and has achieved dazzling success among young consumers. Whenever one of its temporary s...Read more -
Simplify shopping steps! Amazon teamed up with Meta.
According to reports, Meta has decided to cooperate with Amazon to promote purchases in its social platform. Both parties are developing new features that will allow users to purchase Amazon platform products advertised on Facebook and Instagram. Although Meta gave up live shopping a few months a...Read more -
You certainly don’t know! Amazon and Alibaba dominate two-thirds of the global market in this industry!
According to the estimate of WARC, a British consulting firm, Amazon and Alibaba Group will jointly contribute $80 billion in advertising revenue in 2022, accounting for more than two-thirds (68.3%) of global retail media investment. According to the latest data, Amazon will continue to dominate ...Read more -
Profits soared by 244%! Amazon’s hegemony is hard to shake!
According to reports, Amazon said in a statement that its net profit in the third quarter of 2023 was $9.9 billion, up 244% from $2.9 billion in the same period last year. This income includes the pre-tax income of $1.2 billion from Rivian Automotive’s common stock investment, while the pre...Read more -
For AliExpress again? ! The EU made a formal request.
According to the Spanish newspaper Abesai, on Monday, the European Commission sent an official information request to AliExpress, asking it to report the measures it has taken to fulfill its “obligation to protect consumers from the sale of counterfeit drugs”. According to the require...Read more -
Amazon “double whammy”: accused of raising prices; Close the physical store Amazon Style.
It is reported that Amazon has suffered new setbacks recently. The latest antitrust details released by American regulators show that the US Federal Trade Commission (FTC) accused the company of using secret algorithms to raise market prices, thereby increasing and obtaining extra profits of more...Read more -
Double eleven is coming! AliExpress Europe opens the first 11.11 Global Shopping Festival!
According to Spanish media reports, Aliexpress has launched its 11.11 global shopping festival plan. According to the company, “this shopping festival will achieve the fastest delivery time so far, and millions of products will enjoy a discount of up to 50%.” In 2023, the AliExpress G...Read more -
Electric car giant BYD: Or build Europe’s first automobile factory in Hungary.
According to German media, China manufacturer BYD may have chosen Hungary to build its first electric vehicle factory in Europe. This is an important step in the expansion of this Asian giant, aiming at bringing production closer to demand and reducing delivery time and cost. At present, the anno...Read more -
Temu Europe is working hard! Top the list of French e-commerce downloads!
According to reports, Temu has continued to grow since it entered the European market in April this year, and EU e-commerce has previously reported the outstanding performance of the platform in Europe. Recently, according to the latest data released by data.ai, in the past three quarters, Temu h...Read more