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Chinese E-Commerce Market To Be Worth $3trn By 2024

The Chinese e-commerce market will be worth CNY19.6 trillion ($3.0 trillion) by 2024, growing at a CAGR of 12.4% over the coming years, new data from Globa...

Alibaba Freezes Pay Rises For Top Executives, Sources Say

Chinese e-commerce giant Alibaba Group Holding has frozen pay raises for senior executives this year, and is instead giving junior staff bigger salary incr...

Russian Online Giant Yandex Improves Revenue Outlook As E-Commerce Booms

Russian internet giant Yandex has raised its 2021 revenue forecast, saying that strong growth in newer business areas such as e-commerce and food delivery...

E-Commerce To Account For Half The Growth In Global Retail By 2025

E-commerce is set to account for half the growth in global retail by 2025, expanding by an additional $1.4 trillion between now and the mid part of the dec...

Lenta Sets Sights On Multi-Format Retailing As It Eyes RUB 1tr In Turnover

Russian retailer Lenta has set its sights on achieving RUB 1 trillion in turnover by 2025 – a doubling of its current revenues – by i...

Ocado Retail Sees Revenue Growth Accelerates In First Quarter

British online supermarket Ocado Retail said revenue rose 39.7% in its first quarter to February 28, an acceleration from the previous quarter, driven by s...

How COVID-19 Is Facilitating An Increasingly Digital Future For Retail

The COVID-19 crisis has fundamentally altered how many retailers and consumer goods firms approach digital. This article first appeared in ESM Issue 1 2021...

HelloFresh Gearing Up For Life After COVID, Following A Bumper Year

Meal-kit firm HelloFresh said that it expects consumers to 'continue to rely on e-commerce solutions to shop for food' even after the COVID-19 pandemic sub...