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For access to all of the data and insights to inform your business strategy for the Middle East, purchase the full report.
As fashion players scan the globe for growth opportunities in early 2023, it’s with good reason that many are now pivoting their focus towards the Middle East. Riding on the back of strong growth in
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South Korean e-commerce firm Coupang on Wednesday announced it finalised its deal to control all of Farfetch’s assets, which include its online luxury marketplace and e-commerce software platform.
The deal, which was announced last December, included a $500 million bridge loan for Farfetch to avoid bankruptcy and wiped out all of the luxury e-tailer’s equity holders, including the company’s
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TikTok has completed its deal to take control of Indonesia’s biggest e-commerce platform, which has allowed the Chinese social media giant to restart for its online shopping business in the country.
Indonesian tech conglomerate GoTo said on Wednesday that TikTok, owned by China’s ByteDance, had completed a deal agreed in December to buy 75.01 percent of Tokopedia for $840
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TikTok is testing a feature that could make all posts shoppable, the social media company’s latest move to create a multi-billion-dollar US e-commerce business.
The new feature uses technology to identify objects in a video automatically. Then, it encourages viewers to “find similar items on TikTok Shop” by clicking into a page of products, according to screenshots and posts
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Pakistan’s largest e-commerce retail platform Daraz aims to host up to 300,000 small to medium enterprises (SMEs) in two years, its CEO said, as the firm seeks to bolster its position in its home market in the face of potential competition from global giant Amazon.
E-commerce growth in the country of 220 million is yet to take off fully,
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