[Middle East] After Souq, Dubai-based online retail platform JadoPado has now been acquired
Dubai-based e-commerce platform JadoPado has been acquired by a “large regional business”, it confirmed on May 1st. However, the site declined to disclose who it was acquired by and the financial details of the transaction.
Launched in 2011, JadoPado expanded from an e-commerce website to an online marketplace in 2014.
[Turkey] Ecommerce in Turkey was worth 7.95 billion euros in 2016
Ecommerce in Turkey was worth 7.95 euros in 2016, accounting for 3.5 percent of the total retail industry.
[India] Walmart expands in India
Walmart has announced that it will invest more than $500 million in building 50 new stores in India over the next three to five years, more than doubling its number of physical stores in the country to 71.
Expanding its store footprint could be a major step in improving Walmart’s brand awareness among Indian consumers — which will be crucial if the retailer is to see success in the country’s increasingly lucrative e-commerce sector.
Online retail sales in the country will grow at a rapid 31% compound annual growth rate (CAGR) from 2016 to 2021, according to Forrester.
[India] Amazon Expands Ecommerce Fulfillment Capacity in India
Amazon is expanding its operations in India by adding seven new fulfillment centers. MoneyControl.com reported that Amazon India plans to invest $5 billion in its facilities by the end of June. The new facilities will double its current storage capacity compared to last year. In all, Amazon India plans to add 14 new fulfillment centers this year, bringing the total to 41.
[Southeast Asia] China’s JD.com Said in Talks to Invest in Indonesia’s Tokopedia
Chinese ecommerce giant JD is in talks to make a major investment in Tokopedia, one of Indonesia’s largest online marketplaces. According to a recent report by Macquarie Research, the ecommerce market of Indonesia will be worth $65 billion in 2020.
[Ireland] Ireland’s online sector enjoys 45% growth
Digital marketing agency Wolfgang Digital’s latest Online Economy report shows that Irish ecommerce sites saw 45% growth in online revenue in 2016. The growth is expected to continue as online spend only represents 6% of the Irish economy. A depreciating pound against the euro in 2016 plays a major role in the decline of online retail revenue from shoppers from the U.K.
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