TikTok Shop is currently preparing to launch in Poland, the Netherlands, and Belgium. Meanwhile, QVC has filed for bankruptcy in the U.S. The home shopping channel has recently been suffering increasingly from the shift to TikTok Shop and Whatnot.
ChatGPT Secretly Tests Native Shopping Features
OpenAI is quietly piloting a shopping feature inside ChatGPT that lets users search for products and complete purchases within the chat interface. The tool appears to integrate with Stripe for checkout and includes rich product listings – turning ChatGPT into a potential AI-powered marketplace.
Zalando, Europe’s largest online fashion retailer, has announced its acquisition of competitor About You, marking a major shakeup in the European fashion e-commerce and marketplace industry. The deal, valued at 1.13 billion Euro, includes a purchase price of 6.50 Euro per About You share – a 107% premium on the stock’s three-month average price.
ebay achieved a turnover of 2.57 billion US dollars in the second quarter, exceeding analysts’ expectations. In particular, the sale of refurbished products as well as car parts and accessories ensured good business.
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