E Commerce Industry – Mogo Theme http://mogotheme.com/ Tue, 22 Nov 2022 17:13:02 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://mogotheme.com/wp-content/uploads/2021/07/icon-4-150x150.png E Commerce Industry – Mogo Theme http://mogotheme.com/ 32 32 Meeting the Needs of Today’s Consumers: A Complete E-Commerce Landscape https://mogotheme.com/meeting-the-needs-of-todays-consumers-a-complete-e-commerce-landscape/ Tue, 22 Nov 2022 16:17:30 +0000 https://mogotheme.com/meeting-the-needs-of-todays-consumers-a-complete-e-commerce-landscape/ E-commerce, an industry full of potential, has experienced exponential growth in recent years, further fueled by the advent of the coronavirus pandemic. Now, we no longer need to travel to and from malls or markets, which saves us a huge amount of time, energy and resources. Over the past few years, the e-commerce ecosystem has […]]]>

E-commerce, an industry full of potential, has experienced exponential growth in recent years, further fueled by the advent of the coronavirus pandemic. Now, we no longer need to travel to and from malls or markets, which saves us a huge amount of time, energy and resources.

Over the past few years, the e-commerce ecosystem has seen robust growth, which is still continuing. It is believed that the establishment of e-commerce in Bangladesh started with Munshiji in 1999, launched by Munshiji Technology Limited to export handicrafts, silk, jute products, etc. Then ClickBD, Ekhanei.com and many more came. Although a number of e-commerce businesses have started operations in the country, the lack of proper regulation in terms of online payments and low internet penetration have remained a barrier. With the introduction of new online payment regulations in 2009, a better internet, and the creation of SSLCOMMERZ in 2010, the e-commerce industry found a chance to extend its roots further.[1]

For all the latest news, follow the Daily Star’s Google News channel.

Subsequently, the e-commerce industry started to gain momentum in 2012, with the deployment of 3G through which Internet subscription increased at an average rate of 19.4% per year.[2] However, despite all these impressive facts and figures, it took some time for customers to get used to shopping online, as they still preferred to “touch and feel” the products before purchasing. However, this has seen a change after the pandemic.

Apart from the convenience of shopping from anywhere and anywhere, e-commerce brings tons of benefits. The B2C e-commerce market in Bangladesh is expected to grow by 17.61% on a yearly basis, reaching Tk 65,966 crore in 2022.[3] Such growth encourages the opening of more such businesses, creating jobs for large numbers of people. Moreover, e-commerce has also given rise to the delivery industry, opening up more job opportunities. E-commerce is also bringing newer technology into the country, introducing Bangladesh to opportunities for improved innovation, thereby serving customers better. For example, with the help of technology backed by Alibaba, Daraz Bangladesh has acquired years of experience and top-notch software, tools, servers and processes from the parent company, enhancing user experience with strategies based on the data.

Over time, this can create a chain effect, contributing to rising national income, GDP and living standards.

Thanks to e-commerce, flexible working practices like the ability to work from home make it easier for Bangladeshis to conduct their business activities with freedom, allowing them to enjoy a happier and stress-free working environment. Moreover, e-commerce allows people living across the country to have access to goods, services and information that would not have been possible before. Therefore, the impact of this industry on maintaining and increasing the standard of living of the people of Bangladesh is considerably enormous.

However, accumulating all these impacts, the main essence of e-commerce boils down to a single aspect: consumer satisfaction.

As modern 21st century consumers, we tend to seek more personalized content, a balance between automation and human interaction, cross-platform mobility, and a meaningful overall experience.[4] And today’s e-commerce companies have worked to deliver just that. Combining cutting-edge technology and engagement strategies like great deals and offers, these companies put customers first like no other. Daraz’s iconic 11.11 campaign is a perfect example of this, where technology and effective engagement strategies come together to deliver the best personalized offers to each customer.

And it certainly won’t stop there, as major market players are now focusing on a sustainable customer value proposition (CVP), to maximize customer retention. They plan to drive this change by creating category-level CVPs, putting customers first to ensure more value and a seamless experience.

Terms such as online shopping, e-commerce and f-commerce have become part of everyday life. Whether on the commute to and from work, during breaks, or at home on the couch, many of us find ourselves browsing online stores, seeking to meet our needs with the utmost convenience. And it goes without saying that these online companies are now doing a really good job of ensuring both comfort and convenience for customers.

Shabbir Hossain is the Chief Commercial Officer (CCO) of Daraz Bangladesh

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ONDC: Reinventing the future of digital commerce https://mogotheme.com/ondc-reinventing-the-future-of-digital-commerce/ Sat, 19 Nov 2022 05:35:34 +0000 https://mogotheme.com/ondc-reinventing-the-future-of-digital-commerce/ According to reports, with the investment of just US$24 billion, Amazon and Flipkart captured 80% of the Indian retail market with aggressive discounts and special offers for only preferred sellers, pushing MSMEs and new retailers in a vulnerable position. New apparel retailers in India often face the challenges of accessing the benefits of digital commerce […]]]>

According to reports, with the investment of just US$24 billion, Amazon and Flipkart captured 80% of the Indian retail market with aggressive discounts and special offers for only preferred sellers, pushing MSMEs and new retailers in a vulnerable position.

New apparel retailers in India often face the challenges of accessing the benefits of digital commerce due to the monopoly of existing large retailers. Whether it is to capitalize on larger markets; engage customers in superficially rich e-commerce experiences that transcend borders; or finding new ways to deliver engaging shopping experiences, new retailers are at a disadvantage of being tethered to old processes and digital infrastructure.

For example, a typical small retailer with an 800 sq.ft. store used to sell T-shirts and shorts and produces revenue close to an average of Rs. 4,000 per day, but the scenario changed when people started ordering online and the retailer’s revenue was considerably reduced. Such incidents are not limited to a single store; there are millions of stores facing the same problem. According Statisticalunorganized retail accounts for 88% (2019) and the explosion of e-commerce has been most difficult for small family stores or small retailers.

To overcome these concerns, an initial idea by Piyush Goyal and led by 9 advisory board members, a new network model named Open Network for Digital Commerce (ONDC) has been organized which promises to break these constraints and gradually unleash the transformative power of digital commerce in India. Some key stakeholders such as SBI, HDFC Bank, Axis Bank, BSEI & NSEI, Quality Council of India have trusted the system which would help in plugging in small merchants and retailers and giving them wide reach with defined protocol for cataloging, supplier matching and pricing on an open-source basis.

ONDC, the government-backed open-network e-commerce platform, will cost small retailers a quarter of what they pay e-commerce platforms like Amazon and Flipkart to access their technologies and processes. More than 20 government and private organizations have confirmed Rs. 255 crore investment.

“GoI’s seriousness and commitment to pushing Digital India and bringing it to an increasingly wider canvas is commendable. The arrival of ONDC is going to be the watershed moment of the times to come. valves to MSMEs to generate more jobs and deeper penetration into untapped areas of this vast market,” said vikram singh, Senior Vice President Supply, DBS lifestyle.

ONDC is expected to digitize the entire value chain, help standardize operations, increase logistics efficiency, and most importantly, curb the platform-centric model monopolies that lead to market concentration. This can be beneficial for new entrants as ONDC is not controlled or owned by a single identity and also helps improve product discoverability and accessibility on the platform, provides equal opportunities for small retailers, tracks transparent practices and offers lower order acquisition costs.

A complete e-commerce solution will accelerate the growth of new apparel retailers

Retailers and product manufacturers don’t have to worry about segments like logistics and warehousing. Once their catalog is available digitally, many opportunities will open up for each segment of this vast ecosystem with a national market such as enterprise resource planners, e-commerce store hosting service providers, etc. Retailers will no longer have to pay commissions for the enabling platform, unlike today’s proprietary systems.

ONDC will ensure that buyers and sellers use the same platform for all online business transactions, essentially shifting from a platform-centric to a network-centric model.

Image Courtesy: ONDC Strategy Paper on Gateway

Basically, it’s a network of buyers, sellers, and gateways that uses open APIs to exchange information. The network is designed to enable discovery of all sellers by multicasting the search request received from buyer apps to all seller apps based on criteria such as location, availability and other customer preferences. . Initially, it starts with a single gateway to start operations, but this can later be expanded to multiple gateways.

Transaction data will reside only with the buyer’s and seller’s apps and will not be visible to ONDC. ONDC will not store/view transaction data.

To be precise, companies such as Dunzo, load sharing and ship rocket provide logistics services. Protean eGov Technologies Ltd (formerly NSDL e-Gov) originated Gateway Services. NowFloats and Plot are technology service providers, Kiko live is the industry’s live video shopping platform and Snapdeal e-commerce platform, which provides fashion and other services, will encourage buyers and sellers to join the ONDC network. Craftsvilla, CSC Grameen eStore, Ekart, Shopalystetc., are already on board, and about 500 companies, including small start-ups, are at an advanced stage of integration and should be online soon.

With reduced costs, greater flexibility and simplified operations, this merger will accelerate growth. A variety of payment options, low transaction fees, and no sign-up fees make ONDC affordable for new retailers, making it easy to start selling on the platform.

“Small retailers are excited that there is a way for them to participate in the global world of digital e-commerce. This is going to give a big boost to hyper-local commerce, fast commerce,” said Nandan Nilekani, Non-Executive Chairman of Infosys and member of the ONDC advisory board.

With efforts to increase e-commerce penetration from 8% to 25% of all consumer purchases in 2 years and enroll 90 crore buyers and 12 lakh sellers on the shared network over the next 5 years, the network road the country’s open retail seems to be accelerating.

Consumers will have a wide variety of choices and the freedom to choose

In the current scenario, the biggest e-commerce giants only allow customers to reach those the business wants to approve. For this reason, customer choices are restricted. Also, customers on the specific platform can access that particular platform, but now things are changing as ONDC acts as a neutral platform that creates protocols around price and supplier matching.

For example, if supplier X is registered on platform A and the consumer is registered on platform B, ONDC allows access to transactions between supplier X and consumer B, eliminating the need to lock to a specific e-commerce platform. It also allows consumers to match demand with the nearest available supply.

It would also allow sellers to provide the consumer with a wide assortment of products to choose from. Being open and free, ONDC sellers no longer need to pay commission to the enabling platform, unlike today’s proprietary platforms. According T. Koshy, CEO, ONDC, a seller can be on Amazon (to get their benefits) and still be on ONDC (to expand their reach and penetration).

Strategy for integrating buyers and sellers

With the ONDC, the GoI aims to restore the balance of power. By creating a digital marketplace, accessible to all, as it should be, the ONDC will allow sellers and buyers to obtain the same visibility and the same advantages as their larger counterparts. ONDC does not require any special apps as it is available on major e-commerce platforms, just like UPI as a payment method. Adoption will be driven by these integrations. The three main focal points of discoverability, interoperability and product review will push the two parties to come together on the ONGC platform. E-commerce players can partner with the ONDC to protect their own user base and business models.

“As the protocol stabilizes, more and more e-commerce players will integrate to bring the benefits of ONDC to their users. The government is already working with Paytm, one of the largest in terms of reach. I think citizens are fed up with poor customer service from major e-commerce players and are more likely to give smaller players a chance. In addition, this government is very good at disseminating knowledge about government programs and I find that the ONDC uses the same tools to get people to talk about them. Finally, I feel that citizens are also pushing for its adoption,” said Himanshu Sukhwani, Founder, WhatCX.

We are looking at ONDC very closely and are working on setting up a seamless integration, allowing companies to create shops within Whatsapp connected to ONDC. It’s still early days, but our consumers are already excited about the possibilities this opens up. No more website, no more apps, no more tech overload – just the ease of business, a platform already accessible to users. Exciting times ahead! Himanshu Sukhwani

The ONDC may not be a challenger but a facilitator

ONDC is not in competition with other markets. ONDC connects retailers and buyers so sellers can take advantage of both marketplaces like Amazon, Myntra, Flipkart, and ONDC. The platform does nothing to prevent the growth of others; rather, it serves as an enabler for digital commerce, but the big retail giants have another say in that. For them, a lot of monetary investments in technology and processes are already made, and integrating into a new platform can be difficult, but talks are ongoing.

It all depends on adaptability and the gray areas can be changed after seeing the results post the full phases are complete but one must always remember that these small retail traders are the backbone of the Indian retail economy and if this segment is excluded, it will directly impact the financial data of the economy which will shake the pillars of growth. Although the ONDC is giving enough leverage to unbundle the supply chain over the next five years, the picture will be clearer as efforts to push India’s e-commerce industry to US$200 billion by 2027 seem solid.

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The e-commerce profit model market is booming globally: Amazon, Walmart, Shopify, Alibaba https://mogotheme.com/the-e-commerce-profit-model-market-is-booming-globally-amazon-walmart-shopify-alibaba/ Wed, 16 Nov 2022 18:05:21 +0000 https://mogotheme.com/the-e-commerce-profit-model-market-is-booming-globally-amazon-walmart-shopify-alibaba/ The E-commerce Profit Model Market Is Booming Globally This press release was originally distributed by SBWire NJ New Jersey, USA – (SBWIRE) – 11/16/2022 – The latest published research study by AMA “E-Commerce Profit Model Market” with over 100 pages of analysis on the business strategy adopted by players key and emerging industries and offers […]]]>

The E-commerce Profit Model Market Is Booming Globally

This press release was originally distributed by SBWire

NJ New Jersey, USA – (SBWIRE) – 11/16/2022 – The latest published research study by AMA “E-Commerce Profit Model Market” with over 100 pages of analysis on the business strategy adopted by players key and emerging industries and offers know-how of current market development, landscape, technologies, drivers, opportunities, market perspective and status. Understanding the segments helps to identify the importance of different factors contributing to market growth. Some of the major companies covered in this research are Alibaba Group (China), Amazon (US), B2W (Brazil), Ebay (US), Jingdong (China), Rakuten (Japan), The Home Depot (US) United States), Walmart (Flipkart) (United States), Zalando (Germany), Otto (Germany), Groupon (United States), Priceline.com (United States), Costco (United States), Shopify (Canada) , ASOS.com (United Kingdom) etc…

Get Free Exclusive Sample PDF Copy of This Research @ https://www.advancemarketanalytics.com/sample-report/93737-global-e-commerce-profit-model-market

Ecommerce Profit Model Report Scope
In the coming years, the e-commerce industry promises to be bright and growing due to the development of mobile platforms, personalization, social media analytics, omnichannel service and economy business models. sharing. Along with the rapid development of the e-commerce industry. According to the study, sales through online channels increased by 70-80% in fiscal year 2020. To capture the growing business opportunity, there are an increasing number of new entrants in the market for e-commerce, the main barrier to new entrants is that they don’t know how to start an e-commerce business and how many types of e-commerce businesses are available. Basically, it is an online marketplace that connects buyers and sellers. The most important thing in e-commerce is managing inventory management and product sourcing. To handle such kind of issues, they prefer e-commerce profit models to earn more profit in their business. In terms of e-commerce business models, there is a huge range of options from which revenue can be generated, including advertising, affiliate marketing, subscription, and many more. Currently, many companies are focused on improving their strategic advertising business model initiatives.

Opportunities:
Development in e-commerce business in international business
Increased awareness of e-commerce vendors to use business models to gain significant capital to invest upfront, also helps maintain inventory

Market trends:
Increased product sales through a subscription base
Increased investment in ad revenue model
Development of wholesale supply and sale via a personal website

Market factors:
Increasing smartphone availability as Internet penetration increases
Increase the presence of branded products on online sales channels
Development of technologies for logistics services such as telematics

The titled segments and sub-sections of the market are illuminated below:
by type (single product seller, multi-product sellers), application (B2B e-commerce, business-to-consumer e-commerce, consumer-to-consumer e-commerce, consumer-to-business e-commerce, government and administration e-commerce industry), verticals (online travel, online retail, financial services, digital downloads, other), e-commerce (domestic e-commerce, cross-border e-commerce), model (drop-shipping, wholesale and warehousing, white labeling , Manufacturing, Subscription-Based)

Regions included are: North America, Europe, Asia-Pacific, Oceania, South America, Middle East and Africa

Country level breakdown: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), Netherlands, Spain, Italy, Belgium , Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand, etc.

In January 2021, CLPS Incorporation announced its strategic investment through its wholly owned subsidiary in Shanghai Shier Information Technology, an e-commerce service provider. CLPS indirectly took a stake of around 35% in SSIT in order to diversify its business model.

If you have any questions regarding the Global E-Commerce Profit Model Market Report, ask our [email protected] https://www.advancemarketanalytics.com/enquiry-before-buy/93737-global-e-commerce-profit-model-market

Strategic Points Covered in Table of Content of Global E-Commerce Profit Model Market:
Chapter 1: Introduction, Market Driving Product Objective of Study and Research Scope of E-Commerce Profit Model Market
Chapter 2: Exclusive Summary – the basic information of E-commerce Profit Model Market.
Chapter 3: Displaying Market Dynamics – Drivers, Trends and E-Commerce Profit Model Challenges and Opportunities
Chapter 4: Introducing E-Commerce Profit Model Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL Analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Product Display by Type, End User and Region/Country 2016-2021
Chapter 6: Evaluating the leading manufacturers of the E-Commerce Profit Model Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To assess the market by segments, by countries and by manufacturers/company with revenue share and sales by key countries in these various regions (2022-2027)
Chapter 8 & 9: Viewing the appendix, methodology and data source

Finally, E-Commerce Profit Model Market is a valuable source of guidance for individuals and businesses.

Read Detailed Index of Full Research Study at @ https://www.advancemarketanalytics.com/reports/93737-global-e-commerce-profit-model-market

Thank you for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.

For more information on this press release, visit: http://www.sbwire.com/press-releases/e-commerce-profit-model-market-is-booming-worldwide-amazon-walmart-shopify-alibaba -1366391.htm

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2022-2028 Global Automotive E-commerce Industry, Market Size, https://mogotheme.com/2022-2028-global-automotive-e-commerce-industry-market-size/ Sat, 12 Nov 2022 05:43:00 +0000 https://mogotheme.com/2022-2028-global-automotive-e-commerce-industry-market-size/ 2022-2028 Global Automotive E-commerce Industry, Market Size, Share, Growth, Revenue, SWOT Analysis and Regional Competition with Automotive E-Commerce Industry Research Report: A Brief Summary • The report studies the current and future prospects of the market. • Additionally, our market research provides industry players and future entrants with a comprehensive understanding of the competitive landscape. […]]]>

2022-2028 Global Automotive E-commerce Industry, Market Size, Share, Growth, Revenue, SWOT Analysis and Regional Competition with

Automotive E-Commerce Industry Research Report: A Brief Summary

• The report studies the current and future prospects of the market.
• Additionally, our market research provides industry players and future entrants with a comprehensive understanding of the competitive landscape.
• This study examines the main barriers to market revenue, sales, export or import.
• The research will be valuable to investors, shareholders, industry planners, and established and existing market players looking to expand their market position.

• The Automotive E-Commerce industry research report meticulously analyzes the global market while focusing on major companies and their corporate strategies, market presence, operating segments, regional expansion and price and value structures.

Get a free sample @
https://www.reportsnreports.com/contacts/requestsample.aspx?name=6425771

The major players considered in this research report are mentioned below:
– Amazon
– eBay
-Taobao
– Little
– Alibaba Group
– Wal-Mart
-JD
-Snapdeal
– Denso Company

This report also provides revenue forecast data by type and by application segments based on value for the period 2017-2028.

Automotive E-commerce Segment by Type
– Infotainment and multimedia
– Engine components
– Tires
– Interior accessories
– Electrical product

Automotive E-commerce Segment by Application
– B2B
– B2C

Ask before you buy @
https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=6425771

Readers will also get their hands on value data for each region and country for the period 2017-2028.
– North America
– – United States
– – Canada
– Europe
– – Germany
– – France
– – UK
– – Italy
– – Russia
– – The Nordic countries
– – Rest of Europe
– Asia Pacific
– – China
– – Japan
– – South Korea
– – South East Asia
– – India
– – Australia
– – Rest of Asia
– Latin America
– – Mexico
– – Brazil
– – Rest of Latin America
– Middle East and Africa
– – Turkey
– – Saudi Arabia
– – WATER
– – Rest of MEA

Main Drivers and Obstacles

High impact factors and renderers have been studied in this report to help readers understand the overall development. Additionally, the report includes constraints and challenges that can act as stumbling blocks in the players’ path. This will help users to be attentive and make informed decisions related to business. Specialists also focused on future business prospects.

COVID-19 and analysis of the influence of the Russian-Ukrainian war

Readers of the section will understand how the automotive e-commerce market scenario has changed across the globe during pandemic, post-pandemic and Russian-Ukrainian war. The study is carried out keeping in mind the changes in aspects such as demand, consumption, transportation, consumer behavior, supply chain management, export and import and the production. Industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come.

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ReportsnReports.com is your one-stop source for all market research needs. Our database includes over 500,000 market research reports from over 95 leading global publishers and in-depth market research on over 5,000 micromarkets. With comprehensive information about publishers and the industries they publish market research reports for, we help you with your buying decision by mapping your information needs with our extensive collection of reports.
We provide 24/7 online and offline support to our customers

This press release was published on openPR.

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E-commerce stocks: Next year’s biggest market champions? https://mogotheme.com/e-commerce-stocks-next-years-biggest-market-champions/ Thu, 10 Nov 2022 19:34:10 +0000 https://mogotheme.com/e-commerce-stocks-next-years-biggest-market-champions/ There is always a bull market somewhere – and I think I found where the next one will emerge. Throughout the year, the bull market has been centered on energy stocks. Many really smart investors believe that the bull market in energy stocks will persist in 2023 as well. But here’s the problem with this […]]]>

There is always a bull market somewhere – and I think I found where the next one will emerge.

Throughout the year, the bull market has been centered on energy stocks. Many really smart investors believe that the bull market in energy stocks will persist in 2023 as well.

But here’s the problem with this thesis: energy stocks were the best performing stocks in 2021 and 2022. So betting on them being the big winners in 2023 as well would require them to be “three rounds” as best performing asset class. .

Energy actions rarely do. When they work well, they tend to be “two and under”. They enjoy two good years in a row, then hand over the leadership to another sector.

It is therefore very likely that in 2023, a new sector will take the lead. So… which sector will take off in 2023?

Here’s a thought: e-commerce stocks.

The fundamental thesis

E-commerce stocks have been on a roller coaster over the past few years, and it looks like the next step on that roller coaster is a rise much higher.

E-commerce stocks soared in 2020 and most of 2021 as the COVID-19 pandemic raged across the world. This has kept consumers indoors and forced the bulk of shopping to be done online.

Then, over the past 12 months, those same e-commerce stocks crashed. Pandemic-era restrictions eased and consumers pushed back on the “all-digital” narrative, going the extra mile to get to the store instead of shopping online.

Now, however, things have normalized.

As consumers, we’ve exhausted all that pent-up demand due to the pandemic shutdowns. We returned to the mall several times. And while it was fun, we realized why we gave it up in the first place: long lines, crowded stores, crowded parking lots, long commutes, and now sky-high gas prices to get to and from the store. come back.

We have therefore returned to our pre-pandemic habits and are shifting more of our purchases to the online channel. This change is happening right nowand this is causing a further widespread acceleration of growth at many online retailers.

Amazon (AMZN) recently announced that its e-commerce business saw revenue growth rates accelerate in the third quarter of 2022 for the first time since late 2020. Shopify (STORE), revenue growth rates reaccelerated this quarter for the first time since early 2021. Etsyit is (ETSY) revenue growth rates, meanwhile, have reaccelerated for two consecutive quarters – also for the first time since late 2020.

The e-commerce industry is making a comeback, and we think the comeback has legs.

The technical outlook is optimistic

Technical data on e-commerce stocks supports the fundamental thesis. E-commerce stocks have likely bottomed and are poised to reaccelerate.

More specifically, the Amplify Online Retail ETF (I BUY) has been around for more than five years. During this period, the ETF established two significant multi-year lows. The first occurred in December 2018 and the second in March 2020. Both lows occurred at levels within a few percentage points of each other.

About a month ago, the online retail ETF crashed to these levels after a multi-quarter crash. He hit rock bottom and has shown signs of life ever since.

Source: Bloomberg

In other words, e-commerce stocks have come full circle from a technical perspective. They have returned to levels at which these stocks have historically tended to bottom out after crashes. More than that, it looks like e-commerce stocks want to hit those levels again.

Therefore, we consider the technical outlook on e-commerce stocks quite bullish here.

E-commerce stocks are too cheap

The reacceleration in revenue growth we are seeing today in e-commerce businesses is bullish. The same goes for the technical setup. But frankly, both are anecdotal pieces of evidence in our bullish thesis on e-commerce stocks.

This thesis is mainly based on evaluation.

Simply put, e-commerce stocks are too cheap for their own good. E-commerce is still a secular growth industry that will continue to grow at a steady pace over the next few years. Yet e-commerce stocks are trading today at near-unprecedented valuation levels.

For example, shares of Amazon are trading at 1.9 times trailing sales, more than 40% below its 10-year average selling multiple and one of its lowest selling multiples in the world. last decade.

Meanwhile, Etsy stock is trading nearly 40% below its all-time average selling multiple. Soft (CHWY) the stock is about 50% below its all-time average sales multiple, and Wayfair (O) the stock is more than 80% below this multiple. All three stocks are trading today at historically low or near sell multiples.

Charts following the price-to-sales ratio of various e-commerce stocks

They trade as if e-commerce is out of fashion. But, if anything, the reacceleration in revenue growth we’re seeing across the industry today tells us that e-commerce is coming back into vogue.

This means that these stocks are poised to rise in 2023.

The Final Word on Ecommerce Stocks

Now is a fantastic time to buy stocks.

They are down from their highs and are trading at valuation levels low enough to justify significant upside potential. Simultaneously, enough signals have emerged from the market to say that this bear market is coming to an end.

Therefore, you have a bunch of assets with huge upside potential over the next 12 months and very limited downside risk over the next two to three months.

This is a great risk-reward setup. So I repeat: Today is a great day to be a stock buyer. We think 2023 could be a banner year for the stock market.

In this bumper year, we believe e-commerce stocks will be the big winners. But they will not be alone.

Find out the best stocks to buy for next year’s big rally.

As of the date of publication, Luke Lango had (neither directly nor indirectly) any position in the securities mentioned in this article.

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2 battered growth stocks with exciting long-term potential https://mogotheme.com/2-battered-growth-stocks-with-exciting-long-term-potential/ Tue, 08 Nov 2022 11:30:00 +0000 https://mogotheme.com/2-battered-growth-stocks-with-exciting-long-term-potential/ Many businesses are struggling under the weight of economic pressures such as inflation. Moreover, things could get even worse over the next year: we may or may not enter a recession within the next 12 months, and further interest rate hikes could hurt corporate results. It’s hard to remain calm in the face of these […]]]>

Many businesses are struggling under the weight of economic pressures such as inflation. Moreover, things could get even worse over the next year: we may or may not enter a recession within the next 12 months, and further interest rate hikes could hurt corporate results. It’s hard to remain calm in the face of these challenges, but investors need to focus on the long term.

Even if a company faces headwinds today and will continue to do so in the coming quarters, that’s no reason to panic. Let’s take a look at two companies that have lagged in the market lately, but could be the big winners in five years and beyond: Etsy (ETSY 0.85%) and pinterest (PINS 0.85%).

ETSY data by YCharts.

1. Etsy remains a strong long-term opportunity

Etsy is an e-commerce platform focused on handmade and vintage products and items. It hasn’t been a good year for e-commerce as the pandemic tailwind for this space has come to an abrupt halt. Add to this dynamic high inflation for 40 years and Etsy, whose rare goods are not known to be cheap, seems particularly vulnerable.

Still, the tech company managed relatively decent financial results. In the third quarter, the company’s revenue increased 11.7% year-over-year (YOY) to $594.5 million, beating the company’s most optimistic forecast of 575 millions of dollars.

Although Etsy’s gross merchandise volume (GMS) – the total value of transactions made on its platform – fell 3.3% year-on-year to $3 billion, it is slightly above its target. median of $2.9 billion. Also, excluding exchange rate fluctuations, GMS increased by 0.7% compared to the same period of the previous year.

The bad news is that Etsy reported a net loss of $963.1 million. However, it was entirely due to $1 billion in impairment charges related to acquisitions, evidence that the company overpaid for these transactions. Additionally, the company’s active buyers and sellers were down slightly year-over-year.

The drop in active shoppers may be due to the struggling economy and shoppers redirecting more money to goods considered “essential”, a category that barely includes vintage items. This issue may continue to plague Etsy in fiscal 2023, but it’s not a death sentence for the company.

Active Etsy buyers have exploded during the pandemic, and it’s no surprise to see that number dwindle a bit now given the state of the economy. Things should stabilize in the long term, especially since the e-commerce industry is promised a bright future. Some say it will be worth $9.09 trillion by 2027, growing at a compound annual growth rate (CAGR) of 14.7% by then.

Etsy sees a massive $2 trillion opportunity, and it’s barely begun to scratch the surface of it. And the company’s platform has built a reputation for being a leader in its niche of vintage and handmade products; it gains value as more people use it, as it attracts even more like-minded users to the platform.

It’s one more reason why Etsy’s prospects outweigh the challenges it currently faces.

2. Pinterest stood out from other social media giants

As a social media specialist, Pinterest stands out from its competition. The company’s platform does not focus on contacting friends and family members or even expressing personal opinions on various topics. Instead, Pinterest users discover images that help fuel their creative endeavours, from home decor and fashion to cooking and art.

Pinterest derives revenue from advertisements and lately companies have been cutting their ad spend which is hurting social media platforms like Pinterest. Additionally, the company’s user growth has been virtually non-existent since the second quarter of 2021. But Pinterest continues to grow revenue, unlike some of its peers in this space.

The company’s revenue increased 8% year-on-year in the third quarter to $684.6 million. This is despite Pinterest’s monthly active users remaining flat at 445 million from the prior year period. The company owes its increase in revenue to growth in average revenue per user (ARPU), which came in at $1.56 for the year, up 11% from the quarter of the year former.

Pinterest will continue to focus on growing its ARPU. Notably, the company seeks to increase engagement by improving its search algorithm and enabling users to find and interact with content they deem most relevant to their needs.

The company’s monetization efforts outside the United States are still relatively new compared to its domestic initiatives. This is good news for the future of Pinterest, as it leaves plenty of room to continue improving its ARPU and revenue. Also, I think Pinterest user growth will pick up once the pandemic-related momentum subsides.

However, a concern for Pinterest is the end result. The company’s third-quarter net loss was $65.2 million, compared with net income of $94 million in the year-ago quarter. Rising spending is to blame here, and inflation probably isn’t helping.

Still, Pinterest offers plenty of opportunity as the online advertising market continues to grow, registering a CAGR of 17.2% through 2027. Remember that Pinterest is growing revenue, even when other giants social media have seen their turnover drop. This says a lot about its ability to profit from this industry in the years to come.

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Entrepreneur Jael Roumain is disrupting modern e-commerce with MuurSwagg – The UBJ https://mogotheme.com/entrepreneur-jael-roumain-is-disrupting-modern-e-commerce-with-muurswagg-the-ubj/ Sat, 05 Nov 2022 23:20:42 +0000 https://mogotheme.com/entrepreneur-jael-roumain-is-disrupting-modern-e-commerce-with-muurswagg-the-ubj/ While e-commerce has been dominated by big companies and precocious companies like FashionNova, every once in a while an exciting new company comes along to overturn industry norms and create a new niche in the market – much like owned to blacks, led by women. online retailer MuurSwagg. MuurSwagg is a multi-million dollar e-commerce company […]]]>

While e-commerce has been dominated by big companies and precocious companies like FashionNova, every once in a while an exciting new company comes along to overturn industry norms and create a new niche in the market – much like owned to blacks, led by women. online retailer MuurSwagg. MuurSwagg is a multi-million dollar e-commerce company run by fashion entrepreneur Jael Roumain. Romanian, who is breaking demographic barriers as a successful e-commerce brand founder, is undeniably disrupting the modern e-commerce industry with her popular brand. Under Romanian’s watchful leadership and eye for fashion, MuurSwagg merges conventional pieces with a contemporary twist that offers customers unique, fashion-forward clothing they can’t find elsewhere, while catering to the local community. along the way.

Designers like Roumain have helped push the boundaries of fashion by offering fresh styles not otherwise commonly found on the market, including modern takes on traditional African clothing from Roumain’s heritage. This has helped MuurSwagg attract a loyal following of fans who appreciate the brand’s creativity and authenticity, especially among the black community. In addition to creating sought-after apparel, Roumain and MuurSwagg care deeply about their customer base, hosting local events with the goal of positively impacting their audience.

Currently based in Miami, Florida, Roumain and MuurSwagg are committed to hosting annual awareness events to give back to their surrounding community, especially during covid-19, where Roumain feels it’s more important than ever to give back and to feel connected to each other during times of trial and isolation. Hosting annual Swagg Bag events, where customers are encouraged to express their purchases by grabbing as much merchandise as they can within two minutes, and other holiday-themed events, Romanian aims to foster positivity and warmth in the local black community through MuurSwagg’s outreach projects.

Romanian’s strong ties to his community are evident from the origin of the MuurSwagg name, as “muur” translates to “the original people of the land” in the ancient language of the indigenous Wichita people. With her work at MuurSwagg, Romanian is helping to pave the way for international recognition for women and women of color in the growing global e-commerce market. These advancements have been vital to the fashion industry as they help break down the barriers that have traditionally kept many deserving women of color from succeeding in this field. By establishing themselves as leaders in this field on par with retail giants like PrettyLittleThing and FashionNova, Romanian and MuurSwagg are paving the way for other women entrepreneurs and minorities to follow in their footsteps and achieve great things. in the world of e-commerce.

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PayPal Revenue: What to Expect https://mogotheme.com/paypal-revenue-what-to-expect/ Thu, 03 Nov 2022 12:19:21 +0000 https://mogotheme.com/paypal-revenue-what-to-expect/ With its share price more than halving on the year, PayPal Holdings Inc. will look to change the narrative on Thursday afternoon when it reports third quarter results. The company, once an investor darling, fell out of favor on Wall Street in 2022 amid a series of guidance cuts that rolled back overly optimistic projections. […]]]>

With its share price more than halving on the year, PayPal Holdings Inc. will look to change the narrative on Thursday afternoon when it reports third quarter results.

The company, once an investor darling, fell out of favor on Wall Street in 2022 amid a series of guidance cuts that rolled back overly optimistic projections. But analysts generally agree that PayPal PYPL,
-4.40%
faces more achievable goals at this point, and they will be looking to see if the business crosses the bar.

Here’s what to expect in the next report.

What to expect

Earnings: Analysts tracked by FactSet expect PayPal to post 96 cents per share of adjusted earnings for the third quarter, up from $1.11 per share in the prior quarter. On Estimize, which collects projections from hedge funds, academics and others, the average estimate is 98 cents per share.

Revenue: The FactSet consensus predicts $6.81 billion in revenue, up from $6.18 billion a year ago. Those who contribute to Estimize are looking for an average of $6.84 billion.

Movement of stock: Shares of PayPal rose after each of the company’s last two earnings reports, although they fell after each of the previous three. They have lost 58% so far in 2022 as the S&P 500 SPX,
-2.50%
decreased by 21%.

Of the 50 analysts tracked by FactSet who cover PayPal shares, 38 have buy ratings and 12 have hold ratings, with an average price target of $119.21.

What else to watch out for

PayPal outlined a variety of revenue and cost targets in its latest earnings call, and Barclays analyst Ramsey El-Assal will be looking for signs of the company’s ability to meet those targets.

“For example, investors are likely to be fairly focused on constant-currency revenue growth and whether July’s surprisingly healthy 14% has proven sustainable in light of macro/e-industry headwinds. trade,” he wrote. “Similarly, we think investors are fairly optimistic about PayPal’s ability to deliver expense savings (potentially above forecast), so progress against the $900 million operating savings target PayPal’s dollars for 2022 (and a potential reading up to the broader 2023 annualized target) will be the focus on the upcoming Q3 call.

He added that “PayPal’s share price performance will evolve alongside progress on these key metrics.”

See also: PayPal’s “once-beloved story” is “in vogue again” despite some noise

RBC Capital Markets analyst Daniel Perlin will be watching to see how PayPal’s more streamlined focus manifests in the company’s results, though that’s something that will be tracked beyond the quarter.

PayPal “set in motion a strategic transformation of: 1) reducing its product orientation and 2) optimizing its operating costs, which we believe has paved the way for a potential rise in customer expectations. FY23 which were held back by macro uncertainty,” he wrote. .

Don’t Miss: Amazon Rolls Out Venmo Payment Option

Investors could get an idea Thursday of what to expect next year, as SMBC Nikko Securities America analyst Andrew Bauch pointed out that the company traditionally offers a “first look” at projections for the next exercise when calling the third trimester.

“Given recent challenges in managing Street’s expectations, we expect management to err on the side of conservatism and view a ‘double-digit’ revenue growth guide as the most likely approach,” he wrote. “That said, if macroeconomic conditions come out better than expected, we believe that mid-adolescence is achievable in the context of a [comparisons].”

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Socure Partners with Carahsoft to Provide Public Sector Agencies with the Industry-Leading Identity Verification Solution for Accuracy and Inclusiveness https://mogotheme.com/socure-partners-with-carahsoft-to-provide-public-sector-agencies-with-the-industry-leading-identity-verification-solution-for-accuracy-and-inclusiveness/ Mon, 31 Oct 2022 13:00:00 +0000 https://mogotheme.com/socure-partners-with-carahsoft-to-provide-public-sector-agencies-with-the-industry-leading-identity-verification-solution-for-accuracy-and-inclusiveness/ INCLINE VILLAGE, Nevada–(BUSINESS WIRE)–Socure, the leading provider of digital identity verification and anti-fraud solutions, today announced a new partnership with Carahsoft Technology Corp., the trusted government IT solutions provider®, providing government agencies with the ability to access Socure’s ID+ platform, a best-in-class identity verification solution that goes beyond the industry standard to scan every piece […]]]>

INCLINE VILLAGE, Nevada–(BUSINESS WIRE)–Socure, the leading provider of digital identity verification and anti-fraud solutions, today announced a new partnership with Carahsoft Technology Corp., the trusted government IT solutions provider®, providing government agencies with the ability to access Socure’s ID+ platform, a best-in-class identity verification solution that goes beyond the industry standard to scan every piece of identity, maximize accuracy and inclusiveness and protect against identity fraud. Carahsoft will serve as Socure’s primary government aggregator®making their leading platform available through Carahsoft reseller partners and NASA Solutions for Enterprise-Wide Procurement (SEWP) V, National Cooperative Purchasing Alliance (NCPA) and OMNIA Partners contracts.

Over the past two years, malicious actors and criminal networks have launched targeted attacks against public sector bodies at all levels of government, costing taxpayers billions. Using machine learning and artificial intelligence (AI), Socure enables public sector agencies to modernize their approach to identity verification and achieve highly accurate automated decisions.

Socure’s machine learning and artificial intelligence approach has created an accurate and inclusive model for identity verification in a zero-trust world,” said Steve Jacyna, director of emerging cyber solutions at Carahsoft. “We are excited to work with Socure and our reseller network to provide these industry-leading benefits to our government customers, preventing resources from being misused by cybercriminals.

Fraud should no longer be accepted as the cost of doing business in the public sector,” said Matt Thompson, managing director of public sector operations at Socure. “Government agencies have paid too much for substandard performance with the solutions in place that discriminate against certain populations, pass up too much fraud, and place excessive demands on the right people trying to prove who they are. We can and must do better.”

This partnership makes Socure’s ID+ platform easily accessible to government agencies and has key benefits, including:

  • Automatic approval from other eligible people: Up to 98% for ordinary populations and up to 94% for hard-to-identify populations, including Gen Z, Millennials, and newcomers to the country
  • Prevent more fraud: Capture 90% of third-party identity fraud among the 3% riskiest users
  • Reduction of manual revisions: Reduce manual reviews with fully automated identity verification and fraud prevention, with response in milliseconds

Socure’s platform is available through Carahsoft’s SEWP V contracts NNG15SC03B, NNG15SC27B, NCPA contract NCPA001-86 and OMNIA Partners contract #R191902. For more information, contact Carahsoft’s Socure team at (703) 871-8548 or email socure@carahsoft.com.

Carahsoft’s dedicated cybersecurity team specializes in providing federal, state, and local government agencies and education and healthcare organizations with security solutions to protect their cyber ecosystem. To learn more about Carahsoft’s cybersecurity solutions, visit www.carahsoft.com/solve/cybersecurity.

About Carahsoft

Carahsoft Technology Corp. is the trusted government IT solutions provider®, supporting public sector organizations in federal, state and local government agencies and in the education and healthcare markets. As the main government aggregator® for our vendor partners, we offer solutions for cybersecurity, multicloud, DevSecOps, big data, artificial intelligence, open source, customer experience and more. Working with resellers, systems integrators and consultants, our sales and marketing teams deliver industry-leading IT products, services and training through hundreds of contract vehicles. Visit us at www.carahsoft.com.

About Socure

Socure is the leading platform for digital identity verification and trust. Its predictive analytics platform applies artificial intelligence and machine learning techniques with reliable online/offline data intelligence from government-issued physical documents as well as emails, phones, addresses, IP addresses, devices, speed, date of birth, SSN and the wider internet to verify identities in real time. The company has more than 1,400 customers in financial services, government, gaming, healthcare, telecommunications and e-commerce, including four of the top five banks, 13 of the top 15 card issuers, the top three ESM, the leading payroll provider, the best credit bureau, the leading online gaming operator, the best providers of Buy Now, Pay Later (BNPL) and more than 250 of the biggest fintechs. Marquee customers include Chime, SoFi, Robinhood, Gusto, Public, Stash, DraftKings, State of California and Florida Homeowners Assistance Fund. Socure customers have become investors in the company, including Citi Ventures, Wells Fargo Strategic Capital, Capital One Ventures, MVB Bank and Synchrony. Other investors include Accel, T. Rowe Price, Bain Capital Ventures, Tiger Global, Commerce Ventures, Scale Venture Partners, Sorenson, Flint Capital, Two Sigma Ventures and others.

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3rd APEC Women Connect ‘Her Power’ Entrepreneurship Competition Announces Global Partnerships, Working Together to Foster Female Entrepreneurship in the Social Commerce Landscape https://mogotheme.com/3rd-apec-women-connect-her-power-entrepreneurship-competition-announces-global-partnerships-working-together-to-foster-female-entrepreneurship-in-the-social-commerce-landscape/ Fri, 28 Oct 2022 12:41:00 +0000 https://mogotheme.com/3rd-apec-women-connect-her-power-entrepreneurship-competition-announces-global-partnerships-working-together-to-foster-female-entrepreneurship-in-the-social-commerce-landscape/ BEIJING, October 28, 2022 /PRNewswire/ — All 3rd APEC Women Connect ‘Her Power’ Entrepreneurship Competition, co-hosted by APEC Women Connect, DHGATE Group and MyyShop, announced partnerships with Fortune 500 and leading multinational corporations including Visa, TOMATO Interactive (Bluemedia Group) , Vivo, JOYY Group, hooli, ToFuture Education Group, OPPLE Lighting, Shixiseng, FIIL, Evri, New Oriental, Tongdun, […]]]>

BEIJING, October 28, 2022 /PRNewswire/ — All 3rd APEC Women Connect ‘Her Power’ Entrepreneurship Competition, co-hosted by APEC Women Connect, DHGATE Group and MyyShop, announced partnerships with Fortune 500 and leading multinational corporations including Visa, TOMATO Interactive (Bluemedia Group) , Vivo, JOYY Group, hooli, ToFuture Education Group, OPPLE Lighting, Shixiseng, FIIL, Evri, New Oriental, Tongdun, AGH, Rii and Transjee, join forces to empower global women entrepreneurs and create a more equal social commerce market and inclusive by co-hosting the contest and subsequent events. Launched in September 2022, more than 500 participants, including GenZ influencers and students from around the world, entered the competition. It has also sparked the interest of millions of people in the global youth community. All participants will participate in a month-long challenge to boost product sales and improve social awareness on various social media sites. For more details, click the link to learn more!

The 3rd APEC Women Connect ‘Her Power’ Entrepreneurship Competition is a global campaign focused on empowering women and reshaping the international business industry. This year, the partnership between the Her Power Entrepreneurship competition and several companies aims to make accessible to the global community of women knowledge and practical skills to monetize the online social impact of influencers and Gen Z. Exclusive e-learning programs from renowned partners including Visa, Google, TOMATO Interactive (Bluemedia Group), JOYY Group, Tongdun, hooli, New Oriental, Myyshop.vip, Tuotuo Digital and Linkmyy are offered to applicants. The e-learning sessions are customized for the Gen Z community joining this competition to gain experience in real-life e-commerce and social communication. More than 10 hours of E-learning sessions were broadcast at the same time as the competition. Click on the link to find out More details and apply now for your last chance join.

“At DHGATE Group, we have noticed that an increasing number of individuals, especially women, have joined various social media platforms around the world and become content creators, but very few can earn money from to their activities on these networks,” says Diane Wangthe founder of APEC Women Connect, the China Representative of the APEC Business Advisory Council (ABAC), Co-Chair of the B20 Women in Business Action Council, Founder, President and CEO of the DHGATE Group, ‘So we are dedicated to finding solutions to further reduce the barriers to entry for the women. participate in the digital economy. We appreciate the united strengths of our partners to achieve this goal together.

By successfully hosting this event over the past two years and enabling hundreds of women entrepreneurs to enter the e-commerce industry, the Her Power Entrepreneurship competition is committed to giving influencers and content creators the around the world the means to convert their social impact into business this year. All participants will be to be able to experience digital solutions featured on MyyShop during the contest for free, such as Myyshop.vip, an AI-powered platform that helps with efficient product selection, building leaner online store pages, and analyzing influencers to cross-border business, and MyAffiliatean integrated platform of cross-border marketing services, provides digital marketing solutions and advice to all candidates.

Special thanks to business partners, including Visa, the global leader in digital payments, who supported the competition for the third year; FIIL, an experienced developer of excellent personal audio products for music lovers; hooli, a platform for renting and selling student accommodation abroad for cross-border international students; JOYY Group, a leading global social media company that operates a number of social entertainment products; Shixiseng, a career development platform for young people that aims to bridge the gap between education and employment; New Oriental, a comprehensive educational group that offers test preparation courses; ToFuture Education Group, committed to providing a better community among Chinese Australian students abroad; TOMATO Interactive (Bluemedia Group), an integrated marketing agency focused on overseas internet celebrity marketing, focusing on technology, resources, services and creativity; and Vivo, a global smart device company for the mobile Internet, committed to creating consumers with smart products.

A series of events, including the APEC Women Connect Awards Ceremony and Virtual Workshop, will be launched following the 3rd APEC Women Connect “Her Power” Entrepreneurship Competition to support ongoing efforts to empower women. women and entrepreneurship. Rejoin MyyBiz group and stay tuned for the latest conferences on women’s entrepreneurship.

About APEC Women Connect

Founded in 2016, APEC Women Connect is an APEC-endorsed program launched by Ms. Diane Wangthe China APEC Business Advisory Council Representative, Chair of APEC Women Leaders Forum, B20 WiBAC Co-Chair Indonesia, Founder, Chairman and CEO of DHgate.com. APEC Women Connect aims to empower women, especially young women, to achieve entrepreneurship through digital solutions, through inspiring sharing, hands-on learning, effective recognition and rewards. APEC Women Connect has been included in the annual recommendation to APEC business leaders for three consecutive years. It has also been included in the annual recommendation to G20 leaders by the B20 for two consecutive years.

About MyyShop

MyyShop, a cross-border e-commerce Software as a Service (SaaS) platform launched by DHgate in 2020, aims to help MSMEs, especially newbie merchants and social influencers, manage their online stores as direct sellers and turn their impact into positive business. Committed to involving everyone in global trade, MyyShop connects Chinese manufacturing capacity with private domain traffic to lower the barrier of opening and operating a cross-border e-commerce business, with its advantages in intelligent product recommendation, social commerce site building, cross-border trade marketing services and intelligent logistics. For more information, please visit MyyShop.com and follow @MyyShopOfficial.

About DHgate

Founded in 2004, DHgate has become the leading cross-border B2B e-commerce marketplace in China. Through our global operations and offices, including in the UNITED STATES and in the UK, we reach millions of people with trusted products and services. Of the December 31, 2021DHgate has served over 46 million registered buyers from 223 countries and regions, connecting them with over 2.4 million sellers in China and other countries, with more than 37 million live listings on the platform each year. For more information, please visit dhgate.com and follow @DHgate.com.

DHGATE SOURCE Group

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