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A good year for Amazon: Amazon has generated an operating income of 68.6 billion US.Dollar after 36.9 billion US-Dollar in the previous year. Net income almost doubled to 59.2 billion US dollars, with Amazon posting a net income of 20 billion US dollars in the fourth quarter alone. LinkedIn
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Between 2024 and 2029, Forrester is predicting an increase in online sales in Europe. It expects that online sales will grow from 389 billion euros in 2024, to 565 billion euros in 2029. Online sales will also take up a larger share of the total retail sales. EcommerceNews
According to rumors, JD.com is once again interested in acquiring MediaMarktSaturn. Similar suspicions were already being voiced at the end of 2023. LinkedIn
AI startup Perplexity has submitted an offer to buy TikTok that includes U.S. participation in a joint venture. Foxbusiness
Temu allegedly imposes specific prices on local retailers in Europe that are 15% lower than Amazon’s. It is questionable whether such price guidelines are allowed. WiWo
The EU Commission is calling on Chinese marketplaces to enforce consumer protection and environmental standards in online retailing more strictly and has separately announced an investigation into the clothing giant Shein. In the US, the postal service has temporarily stopped delivering Shein and Temu parcels. EuroNews (EU) Handelsblatt (US-Post)
Children’s fashion brand Janie and Jack is opening up to third-party suppliers and has built an online marketplace with Mirakl. ChannelX
Automotive News
eBay plans to acquire Caramel, a technology platform for online car transactions that handles the complete car sale, including the formalities and delivery. LinkedIn
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