TikTok officially launched its integrated e-commerce platform in the US last month, having debuted a beta version back in November 2022. TikTok Shop is an emerging major e-commerce threat, as it increasingly seeks to capitalize on its captive audience of 1.1 billion active users to convert user attention into sales. TikTok officially launched its integrated e-commerce platform in the US last month, having debuted a beta version back in November 2022. TikTok Shop has already proven enormously popular in the UK and Southeast Asia, where TikTok racked up a gross merchandise value (GMV) of $4.4bn in 2022. The hashtag #TikTokMadeMeBuyIt…
Read More
As of July 3, Australia Post deliveries will cost more. (Source: Reuters) (REUTERS) Aussies may have to spend extra to get their online shopping delivered, with retailers likely to pass on Australia Post’s price hikes, which have come into effect this week. Australia Post said the changes were necessary due to ballooning costs to run the self-funded enterprise, with the cost of parcels and package-delivery services jumping by as much as 10 per cent. Small pre-paid parcels will increase from $9.95 to $10.90, while a small Express Post satchel will jump from $12.95 to $14.40. A standard-sized Express Post letter…
Read More
Most Europeans shop online every week or more, spending an average of over 340 euros a month. They mostly buy fashion, pay for bills or order food. One in three purchases are made crossborder. Ireland, Germany and Israel buy internationally the most, while France is the least likely to buy outside of the country. These are some of the results of the new PayPal e-Commerce Index. Over 15,000 consumers aged between 18 and 75 took part in the study. Additionally, more than 4,000 B2C-retailers participated in the survey, which covered 12 countries in Europe. Dutch and Greeks shop online most…
Read More