OnBuy is expanding into 12 European countries, including Germany, France, Spain, and Italy. The platform is currently the fastest-growing in the UK, driven by its unique cashback system that generates a repeat purchase rate of over 50%.
At its Seller Conference Accelerate, Amazon introduced a new Agentic AI designed to independently develop and execute strategies. The enhanced Seller Assistant will automatically warn sellers about potential overstock fees, suggest price adjustments, optimize inventory levels.
Starting today, September 15, local retailers in Switzerland can sell their products via Temu.
Online fashion platform Shein is growing rapidly in the United Kingdom. Last year, its revenue there exceeded 2.3 billion euros. Compared to 2023, this was an increase of 32 percent.
JD.com snaps up Ceconomy
What was announced last week is now official: JD.com has submitted a takeover bid of €2.2 billion for Ceconomy, the parent company of MediaMarktSaturn. The first major shareholders have already approved the deal. JD.com is thus securing access to Europe and, in return, plans to bring 1,000 brands to China.
JD.com snaps up Ceconomy
What was announced last week is now official: JD.com has submitted a takeover bid of €2.2 billion for Ceconomy, the parent company of MediaMarktSaturn. The first major shareholders have already approved the deal. JD.com is thus securing access to Europe and, in return, plans to bring 1,000 brands to China.
Maximilian Gassner has taken on a broader leadership role as Vice President Sales Central at Adidas. Christina Skoeries has moved up the ranks at camel active and now holds the role of Director E-Commerce. Maria Jose Barrera Rojas has made a major move from Inditex to Louis Vuitton, where she now leads as Global VP E-Commerce.
JD.com Plans Takeover for MediaMarktSaturn Owner Ceconomy
Chinese e-commerce giant JD.com is preparing a €2.3 billion takeover of Ceconomy, the parent company of MediaMarkt and Saturn. If successful, the deal would mark one of the largest Chinese acquisitions in Europe’s retail sector to date.
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’s takeover of About You gets greenlight from EU
It’s official: The EU Commission has approved Zalando’s acquisition of About You, roughly six months after the initial announcement. The deal is valued at €1.2 billion. Together, the two fashion platforms now serve around 65 million customers across Europe. With the merger, Zalando aims to better respond to pressure from Shein and Temu – and prepare for a future shaped by AI-powered commerce.
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