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  • ๐ŸŒ€ Marketplace ecosystem bundles๐Ÿ›๏ธ

๐ŸŒ€ Marketplace ecosystem bundles๐Ÿ›๏ธ

Plus: Retail & ecom innovation leaders profiles๐Ÿ’ก

Welcome to MarketMaze, the #1 newsletter in the Marketplace and E-commerce space that keeps professionals ahead of the curve by keeping them smart and up to date with the latest insights in just 5 minutes weekly

๐ŸŒ€This week maze:

1. The Big Story ๐Ÿง  
Marketplace ecosystem bundles๐Ÿ›๏ธ

2. Data ๐Ÿ“Š 
Retail & ecom innovation leaders profiles๐Ÿ’ก

4. News ๐Ÿ“–
๐Ÿ›’ TikTok, Amazon, Amazon, Shopify, Amazon, Lufthansa, AliExpress, Car
๐Ÿ‘— TikTok, Ebay, Shein, StockX, Vestiaire, Primark, Rebag
๐Ÿ” Amazon, Getir, Wolt, Zomato, HelloFresh, Swiggy, Glovo
๐Ÿ—žAlibaba, Klarna, EU, EU, BigCommerce, CommentSold, Decathlon, Newegg

5. Deals ๐Ÿฆ„ 
Alibaba, Whoppah, Paradigme, Schibsted

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1. The Big Story ๐Ÿง 

Marketplace ecosystem bundles๐Ÿ›๏ธ

  • 83% of consumers express interest in use of a single app for all their digital services (Accenture's "Reinvent for Growth" survey)

  • Accenture predicts consumer spending through those bundles to reach $3.5 trillion by 2030.

  • Players from BigTech to Big Retail heavily invest in streaming, gaming, and livesports to build such bundles

    • Amazon's Prime membership and Apple's AppleOne subscription offer free shipping, grocery delivery, video & music streaming, and more.

    • Walmart & Reliance Retail Jio are also expanding into streaming, news, music, payments, devices, education, health, and financial services.

    • This bundle strategy extends beyond big players, as seen with Empik, a Polish retailer, following a similar path.

  • Seller bundles are just one side of the coin; marketplaces can offer similar bundles to sellers.

  • According to Packhelp study:

    • 72% of merchants express interest in shipping solutions.

    • 67% are interested in product listing optimization.

    • 65% desire dedicated packaging solutions.

    • 61% seek fulfillment services.

    • 61% express interest in retail media.

  • While some marketplaces lead with selected services, comprehensive seller bundles have yet to be created.

  • Current seller services target merchant experience, paid value-added services, and operations optimisation across such areas as offer management, automated/connected commerce, and packaging

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2. Data ๐Ÿ“Š 

Retail & ecom innovation leaders profiles๐Ÿ’ก

  • Research from BCG and the World Retail Congress reveals Innovative retail leaders invest more in creative endeavors and gain higher returns.

    • Retailers meeting criteria for innovation leaders invest 13% of annual revenue in innovation.

    • They achieve a 21% ROI, whereas retail laggards invest only 3% of revenue and earn a 9% ROI.

  • Leaders prioritize investments in three key areas:

    • Operational improvements (71%)

    • Big data, AI, and analytics (58%)

    • E-commerce (60%)

  • Within e-commerce, priorities include investing in:

    • Retail media networks (44%)

    • Marketplaces (42%)

    • Social commerce (39%)

  • Innovation leaders adopt a bold approach:

    • They shift customer expectations rather than follow trends.

    • They accelerate activities by collaborating with third parties and acquiring capabilities.

    • They invest in multiple initiatives simultaneously.

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4. News ๐Ÿ“–

๐Ÿ›’ Mass merchant

๐Ÿ‡บ๐Ÿ‡ธ TikTok's has 270 days before Biden's ban becomes law. Bytedance, its owner, may contest in court, sell, or shut TikTok down in the US

๐Ÿ‡บ๐Ÿ‡ธ Amazon scales down California drone project. Amazon discontinues its drone delivery service in Lockeford, CA, shifting focus to a new facility in Tolleson, AZ

๐Ÿ‡ฒ๐Ÿ‡ฝ Amazon and Mercado Libre face probe. As streaming costs rise, Mexico's COFECE (Mexico The Federal Economic Competition Commission) scrutinizes Amazon and Mercado Libre for potentially anti-competitive loyalty bundles, hinting at consumer impacts.

๐Ÿ‡ฎ๐Ÿ‡น Amazon hit with $10.6M fine in Italy for default recurring purchase options, affecting consumer freedom. AGCM (Italian Competition Authority) criticizes Amazon's design, pushing unwanted subscriptions.

๐Ÿ‡ฉ๐Ÿ‡ช Lufthansa Cargo expands with Temu. Lufthansa Cargo prepares to launch a dedicated route from Frankfurt to Zhengzhou for Temu, with 777F flights thrice weekly, responding to the surge in demand.

๐Ÿ‡ฐ๐Ÿ‡ท AliExpress beefs up South Korea's arm with $24.2M, marking the largest capital boost since its 2023 setup.

๐Ÿ‡บ๐Ÿ‡ธ Cart.com boosts Walmart Marketplace growth and eases seller onboarding to boost sales via advanced multichannel management tools.

๐Ÿ‘— Fashion & Beauty

๐Ÿ‡ฌ๐Ÿ‡ง TikTok Shop brings secondhand luxury to the UK, a move that follows its successful venture in the US since 2022, where it has already sold over $1 billion worth of products.

๐Ÿ‡ฌ๐Ÿ‡ง Ebay launches UK livestream shopping. Ebay hosts its 1st UK livestream shopping event on May 1, featuring Katherine Ryanโ€™s pre-loved fashion items.

๐Ÿ‡ช๐Ÿ‡บ Shein in Hot Water with EU. Shein has to fight counterfeit goods within 4 months under the DSA.

๐Ÿ‡บ๐Ÿ‡ธ StockX debuts new Apple Vision Pro shopping app , featuring 3D sneaker showcase, live market data, and 'Shop the look' feature.

๐Ÿ‡ซ๐Ÿ‡ท Vestiaire Collective reveals "price per use" statistics. For instance, a coat from Vestiaire Collective costs โ‚ฌ1.62/use, compared to โ‚ฌ4.83 for fast fashion. The study indicates pre-owned luxury is three times cheaper.

๐Ÿ‡ฌ๐Ÿ‡ง Primark boosts UK sales. Primark sees a 7.5% surge in H1 revenue to $5.6bn (ยฃ4.5bn), driven by new store openings and increased selling space. Plans are underway to expand its Click and Collect initiative across the UK, aiming for nationwide coverage by 2025.

๐Ÿ‡บ๐Ÿ‡ธ Rebag launches membership program to grow sales. Rebag launches Rebag+, charging $50/month or $500/year, converting into store credit, with perks like free shipping and returns.

๐Ÿ” Food & Grocery

๐Ÿ‡บ๐Ÿ‡ธ Amazon launches US grocery subscription. Amazon unveils a $9.99/mo grocery subscription for Prime users, $4.99/mo for EBT cardholders. Free delivery on orders over $35.

๐Ÿ‡ฉ๐Ÿ‡ช Getir exits Germany, Investor triggers pullout. Getir, once valued at $7.5 billion, faces closure as its key investor withdraws support. A potential merger with competitor Flink is on the table.

๐Ÿ‡ซ๐Ÿ‡ฎ Wolt launches Double Order, letting customers order from two places at once with one delivery fee.

๐Ÿ‡ฎ๐Ÿ‡ณ Zomato's Blinkit Outshines Core Business. Blinkit, Zomato's quick commerce unit, valued at $13B, now eclipses the core food delivery valued at $11.4B.

๐Ÿ‡ธ๐Ÿ‡ช HelloFresh launches meal service in Sweden & Denmark. Following success in the US, Canada, Netherlands, & Belgium, this move expands the ready to eat sector in Europe, reflecting HelloFresh's global brand strategy.

๐Ÿ‡ฎ๐Ÿ‡ณ Swiggy Seeks $1.25B in IPO After Approval with new shares at $450M and existing shares at $800M.

๐Ÿ‡ฐ๐Ÿ‡ช Glovo, Uber Eats Open Offices in Kenya. Kenya's CAK mandates Glovo, Uber Eats to open offices following delays in complaint resolution, amidst growing customer dissatisfaction.

๐Ÿ—žGeneral

๐Ÿ‡บ๐Ÿ‡ธ Alibaba.com revolutionizes US SME logistics. Alibaba.com launches Logistics Marketplace, offering affordable solutions for US SMEs to streamline supply chains.

๐Ÿ‡ธ๐Ÿ‡ช Klarna's game-changing partnership with Uber!. Klarna joins forces with Uber in the USA, Germany, and Sweden, introducing the groundbreaking "Pay Now" feature, aligning payments with salary cycles.

๐Ÿ‡ช๐Ÿ‡บ EU adopts new rules to reduce packaging waste . New EU rules aim to reduce packaging waste with targets set for reduction and recycling. By 2030, certain single-use plastic packaging will be banned. The regulation emphasizes reuse, refill options, and recycling to build a circular economy.

๐Ÿ‡ช๐Ÿ‡บ EU-Parlament passes Right to Repair & Eco-design Law. EU-Parliament approves Right to Repair directive, expanding repair rights to smartphones, tablets, appliances. Manufacturers required to offer repairs during 2-year warranty, extendable by 1 year. Consumers to benefit from transparent repair costs.

๐Ÿ‡บ๐Ÿ‡ธ BigCommerce unveils 100+ updates, enhancing B2C and B2B experiences with new features like Catalyst and BigAI suite.

๐Ÿ‡บ๐Ÿ‡ธ CommentSold launches AI-powered tool, automating video creation for e-commerce, enhancing live selling. PopClips introduced for product tagging. Since 2017 CommentSold, facilitated $4.4B+ GMV.

๐Ÿ‡ฌ๐Ÿ‡ง Decathlon expands circular scheme. Decathlon extends buy-back plan, offering vouchers up to 40% of product value. Over 800K items expected to be refurbished or resold.

๐Ÿ‡บ๐Ÿ‡ธ Newegg launches free membership. Newegg introduces Newegg+, a free membership program offering perks like free shipping, exclusive deals, and advanced returns processing. Members gain VIP-style shopping experience.

5. Deals๐Ÿฆ„

๐Ÿ‡ฐ๐Ÿ‡ท Alibaba eyeing $72.4M Ably stake (fashion platform), expanding its influence in the global e-commerce sector and promoting cross-border trade.

๐Ÿ‡ซ๐Ÿ‡ท Whoppah Expands to France. Whoppah, Europe's largest online second-hand design marketplace, launches in France, aiming for pan-European dominance. With an internet penetration of nearly 94%, France presents significant growth opportunities. Whoppah's COO, Evelien Bunnik-Remmelts, highlights the scalability of their platform, backed by a solid multi-million euro turnover in Germany.

๐Ÿ‡ซ๐Ÿ‡ท Paradigme raises โ‚ฌ1.2M. French fashion resale start-up Paradigme raises โ‚ฌ1.2 million in funding from investors including Showroomprivรฉ. Founded by Fabien and Vincent Huchรฉ-Deniset, it offers B2B solutions to fashion brands and plans to expand its technology solutions and community of buyers and sellers.

๐Ÿ‡ณ๐Ÿ‡ด Schibsted acquires 9.99% of FINN from Polaris for NOK 2.5B, enhancing control. Polaris gains Schibsted shares.

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Thatโ€™s all. See you next week in the ๐ŸŒ€Maze!

Your guide through the maze

Artur Staล„czuk Chief Strategy Officer at Packhelp, the leading European packaging marketplace. Previously worked ~8 yrs at Bain & Co. In the past, Digital Transformation Director at the leading Polish convenience chain ลปabka and Entrepreneur that co-launched 3 startups

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