Datadot E-Comm | Monthly Digest #2 🚀

Datadot E-Comm | Monthly Digest #2

Hello, #DotCommunity!

We've got the latest e-commerce trends covered in our monthly digest. Get ready for exciting updates in the e-commerce world. Shall we? ?

eBay Open to the Possibility of Using Cryptocurrencies 

Recently, eBay expressed its openness to using cryptocurrencies as a future payment method and allowing the listing of non-fungible tokens (NFTs) on their marketplace. With more companies embracing virtual currencies as a payment option, this asset class, once shunned by major financial institutions, is steadily gaining mainstream recognition.

Amazon Establishes First Fulfillment Center in the Netherlands 

E-commerce giant Amazon has opened its first fulfillment center in the Netherlands. This new facility will enable faster delivery of online marketplace orders. The Dutch logistics company Bleckmann played a significant role in setting up the center.

Projected Growth in South Korea's E-commerce Market 

According to GlobalData, South Korea's advanced e-commerce sector is expected to reach $160.4 billion by 2027, with an annual growth rate of 7.7% between 2023 and 2027. Shivani Gupta, Senior Analyst at Banking and Payments, added that online payment methods are becoming more secure, leading to increased consumer trust in these platforms.

Amazon Introduces New Star Rating System

New features detected on Amazon's websites and mobile apps in India and Germany indicate a transition to a new rating system. The updated design will prominently display the percentage of five-star ratings received by a product.

TikTok Will Not Launch E-commerce Service in Indonesia to Avoid Concerns 

TikTok has announced that it has no plans to launch a cross-border e-commerce service in Indonesia due to concerns expressed by a government official about the influx of Chinese products into the country.

E-commerce Sector Reaches 801 Billion TL in Turkey 

According to the Turkish e-commerce ecosystem report, the size of the e-commerce sector reached ₺801 billion, accounting for approximately 6% of the Gross Domestic Product (GDP) in 2022.

DHL Group Acquires MNG Kargo 

DHL Group has signed an agreement to acquire 100% of MNG Kargo, one of the leading players in the Turkish logistics industry. CEO Tobias Meyer stated that the acquisition will align with their business portfolio and strengthen their position in the sector.

Trendyol Serves Millions in Germany 

After opening its first office in Germany last year, Trendyol has reached over one million customers within a year. trendyol.com/de brings together the Trendyol Collection, consisting entirely of Turkish brands, over 200 Turkish brands, and numerous global brands, offering more than 800 brands to customers in Germany.

Getir Withdraws from Three Countries 

Getir, one of Turkey's most prominent startups, expanded its services to many global markets after the pandemic. However, the brand recently withdrew from the French market and announced its withdrawal from Italy, Spain, and Portugal.

That's it, folks! As an e-commerce pro, staying updated on trends and developments is crucial. We hope this monthly digest will upgrade you with the latest news from the e-commerce world. See you next week, farewell!