Shopee's international e-commerce business is expected to surpass Alibaba in 2022, and the Korean e-commerce market is expected to exceed US$242.2 billion in 2025!

Shopee 's international e-commerce business is expected to surpass Alibaba by 2022

According to Reuters, Shopee achieved strong growth in its second quarter performance, with its parent company's revenue growth far exceeding the growth rate of Alibaba's international business. In addition to crushing Alibaba's Lazada platform in the Southeast Asian market, Shopee is also expected to surpass Alibaba in international e-commerce business in 2022.

South Korea's e-commerce market is expected to exceed US$242.2 billion in 2025!

According to GlobalData, South Korea's e-commerce market value grew 22.2% in 2020. It is expected to grow by about 25.4% to 131.0 trillion won (US$120.3 billion) by the end of 2021. The industry is expected to reach 263.5 trillion won (US$242.2 billion) by 2025. The surge in e-commerce sales was driven by demand for groceries, electronics and healthcare products during the pandemic, according to the study.

German pet e-commerce platform Zooplus’ revenue reached 1 billion euros in the first half of the year!

Recently, the German pet e-commerce platform Zooplus released its first half financial report. In the first half of the year, Zooplus' sales increased by 16% to 1 billion euros, and its profit increased by 13% to 42.2 million euros. The US private equity firm Hellman & Friedman recently announced that it would acquire Zooplus for nearly 3 billion euros. After the acquisition, its headquarters in Munich and other European locations will remain unchanged.

Amazon Europe announces Black Friday Cyber ​​Monday promotion submission window is now open

Recently, Amazon Europe issued an announcement announcing that the submission window for the 2021 Black Friday Cyber ​​Monday promotion has been opened. The submission date ends on October 8, and FBA goods must be put into storage before November 5.

Cainiao and AliExpress officially launch China -Korea cross-border 5-day delivery package line

On August 23, Cainiao and AliExpress officially launched the China-Korea cross-border 5-day delivery package line (hereinafter referred to as Korea 5-day delivery). After Korean consumers place an order, they can receive the package within 5 working days, and in some areas, the fastest is 3 days (within 72 hours) . This move will provide Chinese foreign trade merchants with a lower-cost and more efficient cross-border logistics solution and open up emerging markets.

eBay online store experience new improvements and new features

Specifically, the "Edit Store" page has a new look; a new store category page has been launched; and the Shop newsletter function has been upgraded. Sellers can now create newsletters to welcome subscribers or showcase new products. They can also inform subscribers about store promotions or recently added item listings to create repeat buyers.

Shopee

Korean e-commerce

Alibaba