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As Temu shakes up global ecommerce, PDD nears overtaking Alibaba

TechCrunch

On Thursday, news of Alibaba’s market cap sliding under that of PDD made headlines all over the Chinese internet. PDD, the firm behind the fast-growing shopping app Temu, is shaking up China’s Big Tech club. Now […] © 2023 TechCrunch.

eCommerce 293
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Wish files to go public with 100M monthly actives, $1.75B in 2020 revenue thus far

TechCrunch

This morning Wish , a well-known mobile ecommerce startup, filed to go public. As going to stores became more risky over time, many shoppers turned to buying more goods from the Internet, bolstering ecommerce players like Shopify, BigCommerce, as well as companies that facilitate online payments, like Square and PayPal.

eCommerce 294
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Korean internet giant Naver backs e-commerce aggregator New Vessel in seed round 

TechCrunch

According to eMarketer , Japan and Korea’s e-commerce markets were estimated at $144 billion and $121 billion, respectively, in 2021. Despite the large e-commerce market size, both countries have fewer e-commerce aggregators than other countries with smaller markets, South Korean e-commerce aggregator New Vessel said.

Internet 223
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End-to-end operators are the next generation of consumer business

TechCrunch

Keys to ascending the consumer-internet throne. He focuses on consumer internet, online marketplace and software investments. Each stage of this evolution unlocked billions of dollars in value, and many of the names listed above remain the largest consumer internet companies today. Going after very large markets.

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Egypt’s SideUp raises $1.2M to grow its e-commerce support platform

TechCrunch

They get accessibility to all the services starting from the courier company, warehousing and fulfillment, to marketing services,” he said. Through the four years I understood a lot of things about logistics, operations, and ecommerce. The Middle-East and Africa e-commerce markets are set to grow above 11.5%

eCommerce 248
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Egypt’s e-commerce platform Wasla nabs $9 million from retail finance provider Contact

TechCrunch

Contact Financial Holding, Egypt’s non-bank consumer finance provider, has invested $9 million in the country’s ecommerce super-app Wasla , setting the stage for the rollout of new online shopping capabilities, products and regional expansion. It’s a huge market at the end of the day, you have roughly 250 million people.

eCommerce 223
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Una Brands teams up with KlickBrands to enter South Korea’s e-commerce market 

TechCrunch

The e-commerce market of South Korea is expected to increase up to $250 billion by 2025. Una says that South Korea, the fifth-largest e-commerce market globally, is considered a key market for Una Brands. . In addition, South Korea’s internet giant Naver invested in e-commerce aggregator New Vessel last month. .

Marketing 244