Incredibly rapid growth for Chinese | RetailDetail

Incredibly rapid growth for Chinese

Incredibly rapid growth for Chinese

Amazon not only has to compete with Alibaba, but also faces competition from Chinese, especially seeing its rapid growth in the third quarter. Its gross sales volume grew twice as fast as Alibaba's.

More turnover, despite lower volumes's gross sales volume (the total value of all transactions on a eCommerce platform) grew 76 % in the third quarter, up to 17 billion euro. Even though it does not get anywhere near Alibaba's numbers, which grew 28 % to 105 billion euro, it is still a remarkable growth


Despite its lower sales volume, did trump Alibaba turnover-wise as its turnover grew 52 % to 6.5 billion euro, while Alibaba's turnover "only" grew 32 % to some 3.3 billion euro. So in short, manages to generate more turnover out of a lower transaction volume.'s founder and CEO, Richard Liu, says the growth is thanks to its collaboration with mobile chat application WeChat, which currently has 650 million monthly users, including 200 million with a credit card attached to their account.

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German Otto Group continues to soar


German online company Otto Group saw its turnover grow 10.9 % to 7.76 billion euro in the past fiscal year. The former mail order company will continue to invest in start-ups and technology.

Decent profit increase for


Chinese online retailer has grown strongly in 2017: turnover grew nearly 50 % and it was profitable again. The company also expects to exceed a 30 % growth pace in 2018’s first quarter.

Rakuten ditches Priceminister brand


Rakuten has decided to get rid of its French brand Priceminister and absorb it into Rakuten, similar to what it did tot British acquires Eastern European competitors


Fast food supplier acquired its Bulgarian competitor BGmenu and its Romanian competitor Oliviera in yet another step towards its goal of being the European market leader.

Colruyt joins PostNL's grocery service


The mailman will deliver groceries every two weeks from now on: PostNL will collaborate with new grocery service Stockon in the Netherlands. A remarkable fact is that its private label brands are Boni, which is Belgian supermarket chain Colruyt’s private label.

Strong growth for Chinese e-commerce once again


There was another strong increase in the Chinese online market last year: compared to 2016, it achieved an astonishing 32 % growth. In that regard, China is performing exceptionally online.

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