Breaking News
TikTok postpones the European roll-out: Rumor has it that TikTok Shop was to be launched in Germany, Spain, Italy, France and Ireland in July. However, these plans are now on hold for the time being. Bloomberg
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The Platform Group has raised its forecast for 2024: After a very positive Q1 with YoY growth of +18%, the company now considers an annual turnover of EUR 500m to be achievable. LinkedIn
The Hamburg-based retail group Otto is in crisis. A strategy with which Chinese low-cost providers are currently conquering the market should lead back to profitability. Otto Wirtschaftswoche
The Kaufland marketplace achieved a three percent increase in gross merchandise volume in Germany in 2023 compared to the previous year. Onlinehändler-News
Even more service for customers: Amazon expands its A-to-z guarantee. Onlinehändler-News
News from Asia
Alibaba wants to copy the success of Temu and Shein and is not only launching Alipay for the upcoming European Football Championship, but also AliExpress, which wants to make its presence felt in a big way with the Choice service. Exciting Commerce