onlineshopping
Temu’s founder Colin Huang has recently become China’s richest man with a net worth of $48.6bn (€44.50m), according to the Bloomberg Billionaires Index. He replaced bottled-water tycoon Zhong Shanshan, the founder and chairman of beverage company Nongfu Spring, who has held the title since April 2021. A serial entrepreneur, Huang has previously started a number of other businesses, such as e-commerce platform Oku, online games company Xinyoudi and agricultural platform Pinduoduo. Huang was also previously an engineer at Google and has worked to expand Google’s services in China as well. As suc...
Euronews (English)
Ocado has recently announced that it will start a trial this month selling everyday items such as rice, pasta, and laundry detergent in refillable vessels and packaging. This move comes as the online grocer attempts to accelerate its progress in reducing single-use plastic. The items, which will fall under the Ocado Reuse brand, will be delivered to customers in reusable containers, with empty containers picked up by drivers on the next delivery. Once these are inspected and cleaned, they will be filled and delivered again. As of now, the trial is operating in two phases, with the first phase ...
Euronews (English)
Semaglutide - also known under the brand names Wegovy or Ozempic - has become one of the world’s most famous weight-loss drugs. It is used in Europe and the US to treat type 2 diabetes and obesity, according to health authorities. However, its promising results have prompted a frenzy regarding these products causing shortages and misuse including the sale of falsified versions of the drug online without valid licenses. Researchers from the University of California San Diego in the US and the University of Pécs in Hungary have now looked into how these sales are conducted and what the products ...
Euronews (English)
Fashion giant Shein is on the verge of secretly filing a London initial public offering (IPO) prospectus with the Financial Conduct Authority (FCA), according to a report from Sky News. If so, it would be one of the biggest IPOs to launch on the UK stock market in the past few years. Shein has kept secret most of the details of its upcoming public launch but, if true, the company, reportedly valued at around £50 billion (€58.7 billion), could start being publicly traded in summer or early autumn. Shein turned to the UK stock market after efforts to go public in the US ground to a halt when US ...
Euronews (English)
Commerce platform Shopify has transacted over $1 trillion (€921.4 billion) of gross merchandise volume (GMV) since its founding in 2006. What started out as a company to support small businesses has grown into a retail giant, with brands like Mattel, Glossier and most recently, Ami Paris joining the platform. High fashion brands that had traditionally declared “we're never going to sell online” are now exploring e-commerce too. Does this spell the end of high street shopping? In this episode of The Big Question, Hannah Brown sits down with Harley Finkelstein, the president of Shopify, to discu...
Euronews (English)
Online sites offer a vast array of goods at fiercely competitive prices. Last year, these online marketplaces such as Mercado, eBay, Vinted and Depop were responsible for about 35% of digital shopping orders worldwide, according to Statista. Supermarkets and online food suppliers came in second at 15% followed by direct-to-consumer (DTC) sites such as Nike and Adidas with 14%. The online sites for John Lewis, Boohoo and Argos had a share of 13%, with social on-app purchasing such as within games, coming in at 5%. Delivery apps such as Uber Eats and Deliveroo also accounted for 5%. Social media...
Euronews (English)
Online shopping is one of the most popular activities in the world. In 2016, there were more than 1.66 billion online shoppers worldwide. Since then, this trend only grew stronger. Now, in 2021, more than an estimated two billion people are shopping online globally. Q1 2021 hedge fund letters, conferences and more With that many people spending their money on products and services online, it shouldn’t come as a surprise that the global retail e-commerce sales amounted to $3.53 trillion in 2019, with this number being expected to grow to $6.54 trillion in 2022. Digital media products, like audi...
ValueWalk
Despite the surge in online shopping during the pandemic, most consumers still value the experience they can only get shopping in-store. A recent survey revealed that 82% of shoppers say that seeing, holding, or demoing a product in-person made them more likely to actually go through with a purchase. Q1 2021 hedge fund letters, conferences and more In fact, four out of every five retail dollars are being spent in-store. That means the majority of customers still enjoy a tactile, in-person shopping experience. It’s Still Important To Have A Brick-And-Mortar StorefrontEven in 2021, it’s still im...
ValueWalk
Ah, the good old days. [soros] Q4 2020 hedge fund letters, conferences and more The days when enterprising youngsters set up lemonade stands and counted their profits in pennies and the not-so-enterprising simply succumbed to the siren song of passing ice cream trucks. In-demand products delivered to eager customers. Payment plunked directly into the palms of merchandisers. No middleman mess-ups or markups. Those simple transactions exemplified the seller-buyer relationship in its purest form: direct-to-consumer marketing. Lemonade stands may be few and far between in 2021, but their modern eq...
ValueWalk
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