Breaking News
MediaMarktSaturn doubles marketplace goals
MediaMarktSaturn used this week’s Strategy Day to set a marketplace target of €1.9bn GMV by 2029, up from roughly €800m today – but gave no overall e-commerce goal, with total group revenue barely moving from €23.1bn to €24bn. The vagueness comes as the JD.com takeover still awaits Brussels clearance. See more on Exciting Commerce
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Miravia becomes AliExpress’s European backbone
Miravia CEO Yann Fontaine has been named Head of Europe Local POP at AliExpress, taking charge of local sellers and brands across Europe. The dual role signals Alibaba is folding Miravia into AliExpress to sidestep the EU’s new cross-border customs fees. Read more on Marketing4ecommerce
Shein resumes Hong Kong IPO push
Shein has resumed preparations for a Hong Kong IPO after Chinese regulators gave their approval, aiming to raise several billion dollars. The valuation has fallen from a peak of $100bn to around $30bn. Find out more on Retaildetail
Vinted joins pan-European ad marketplace coalition
Vinted has joined Deutsche Telekom, Vodafone, leboncoin/Kleinanzeigen and others as a founding member of the new European Media Marketplace, an ad-buying platform launching in five countries this September. It gives Vinted a new revenue lever built on its own shopper data. See more on Retailgazette
Castorama opens shop on Amazon.fr
Castorama has opened an official storefront on Amazon.fr, listing over 1,000 products from its own brands including Erbauer and GoodHome. The move follows 8.7% online sales growth in Q1 2026. Read more on Ecommercemag
Delivery News
Uber has paused Uber Eats launches in five of seven planned European markets while continuing to pursue a takeover of Delivery Hero, where it now holds a near-37% stake. Shareholders see Uber’s €33-per-share offer as too low. See the full story on cross-border-magazine
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