Meesho has achieved positive cash flow, becoming the first Indian horizontal e-commerce firm to do so. For the fiscal year ending March 2024, Meesho reported a cash flow of ₹232 crores ($27.6M) and grew revenues by 33% to $905.6M. It also reduced adjusted losses by 97%, showing its competitive edge. Meesho’s growth outpaced India’s e-commerce market, with new users from smaller cities driving 45% of its growth. The e-commerce market, currently seeing fierce competition from quick-commerce firms, expects 120M more online shoppers by 2027, mostly from Tier-2/3 cities.

In 2025, Shein and Temu's growth rates are forecast to drop sharply, as predicted by a Forrester report. Cited issues include quality concerns, nationalism, and rising customer acquisition costs. Recent results show Temu’s missed targets and Shein’s doubling profits, but with IPO delays for Shein and PDD reporting growth as "unsustainable," their outlook remains uncertain.

Stripe's $1.1B acquisition of Bridge Network is a rare win for VCs during a dry IPO market. This deal, announced in October 2024, marks a 200% valuation boost for Bridge since August, rewarding investors like Index Ventures and Haun Ventures. Stripe, known for its payment solutions, aims to strengthen its position in the stablecoin payments space through this deal. The transaction, pending regulatory approval, is expected to close in a few months. Patrick Collison of Stripe calls this a major move in the $160B stablecoin market.

Prosus expects $400M e-commerce profit this fiscal year, up from $38M in 2024. CEO Bloisi eyes more Indian IPOs after Swiggy’s $1.25B filing. In April-Sept, adjusted EBIT tripled compared to all of 2024.

Zomato will raise $1B ahead of Swiggy's $1.4B IPO, shifting the market. This move may help Zomato reduce foreign ownership below 50%, making Blinkit more flexible with its inventory model. Swiggy’s IPO is expected next month.

Poshmark reverses a fee structure change after sellers reported a sales drop. The new fee plan had a 5.99% fee for both buyers and sellers, but sellers saw a decline in purchases. Original fees return on October 24, with rebates offered.

Shein debuts its first credit card in partnership with Stori. Backed by Mastercard, it targets Mexico's market, offering 250 welcome points and double points on Shein purchases. The card aims for financial inclusion with a 99% approval rate.

Alibaba has settled a class-action lawsuit for $433.5M in the U.S. The suit accused it of monopolistic practices. Filed in 2020, the case focused on misleading statements that allegedly impacted investors. A federal judge must approve the settlement.

Storfund has launched its Daily Advance solution with TikTok Shop in the US, offering quicker payouts to sellers. Sellers can now access cash as soon as goods are shipped, halving cash cycles from 14 to 7 days. This partnership aims to enhance seller growth and improve the cash flow of high-growth ecommerce businesses.

Storfund is deepening its collaboration with Mangopay to provide sellers with an embedded wallet solution. This partnership enhances cash flow, offering faster payments and better currency conversion across 50 marketplaces globally, including Amazon.

Apple Pay celebrates 10 years with new features in iOS 18. Users can redeem rewards from Discover cards and use Klarna's flexible payments. Installment loans are available with Affirm in the US and Monzo in the UK, expanding payment flexibility.

Just Eat Takeaway reported a 6% drop in orders in Q3, totaling 211.1M. The U.S. saw an 11% decline despite Amazon deals. Gross transaction value reached $6.7B, below expectations. Management maintains forecasts for 2024, eyeing new sectors.

Delivery Hero has outpaced Just Eat Takeaway in 2024. Analyst Benjamin Kohnke predicts a 60% upside for Delivery Hero in the next 12 months, while Just Eat will only see a 17% rise. With a focus on profitability, Delivery Hero is positioned for continued growth.

Richemont sold Yoox Net-A-Porter (YNAP) to Mytheresa for $610M, securing a 33% stake in Mytheresa. The transaction is expected to close in 2025. Richemont also provides YNAP a $106M credit for 6 years.

Fast Retailing, owner of Uniqlo, saw a 27% profit rise to $3.5B as sales jumped 12% to $19.5B. Global demand, especially in the US and Europe, drove growth, despite China underperforming. Uniqlo's viral products fueled its success.

ASOS has sold 75% of Topshop and Topman to Heartland for $176M. ASOS retains 25% and design/distribution rights. The deal may lower ASOS' profits this year but promises long-term growth, including a relaunch soon.

Zalando raised its full-year profit forecast as sales surged 5% in Q3, bringing adjusted EBIT to $95M. Customer base grew to 50M, and gross merchandise volume jumped to $3.5B. The new strategy is paying off.

Checkout.com reports crypto is less than 4% of its volume, focusing on e-commerce and fintech. The company saw 40% growth last year, with valuation now at $9.35B. It recently launched new products and plans to expand into Brazil and Canada.

Invesco raised the valuation of Swiggy to $13.3B. The investment firm owns shares worth $237.24M. Swiggy is aiming for a $1.4B IPO with a valuation range of $13B-$15B. This comes amid market cuts for other Indian startups.

Nike’s sales fell 10% to $11.6B this summer, its biggest drop in 4 years. Gross margin rose, but earnings fell. With new competition and weak China sales, CEO Elliott Hill needs to rebuild key partnerships.

Poshmark lowers seller fees from 20% to 5.99%, adding a fixed fee from $1 to $3. This helps sellers earn more and provides buyers with clear price transparency while continuing buyer protection.

UK fashion giant Boohoo is reportedly considering divesting brands such as Debenhams and Karen Millen to boost value, as its stock has plunged 85% in five years. With declining market share and competition from Shein, a business split might help refocus.

Shopee, Tokopedia, and others in Southeast Asia are increasing seller commissions, with fees rising up to 10%. Merchants are unhappy but staying, facing higher margins. Shopee remains the largest e-commerce platform, holding 48% market share.

MercadoLibre, founded in 1999, leads online sales in Latin America, growing 34% in 2024. Amazon trails with a 27% rise. MercadoLibre’s Q2 revenue grew by 42%, backed by a young, mobile-savvy population of 600M.

Asos is cutting over 200 head office roles as part of a major restructuring effort. This comes after the retailer reported a $120M loss in the first half of 2024. The tech team is most affected, but new roles are being created.

Between April and August 2024, Otto.de saw 1,178 seller accounts disappear, a 17% drop. Rising fees led 500 partners to quit, while Otto terminated 150 more over alleged violations. The company's own revenue fell by 4.7% to $6.5B, pressured by rivals like Temu.

Mytheresa saw a 9.8% increase in net sales in 2024, reaching €840.9M. However, the gross profit margin fell to 45.7%, down from 49.6% in 2023, leading to a 6% drop in share prices. The luxury retailer expects further growth of 7-13% in 2025 but continues to face challenges in balancing supply and demand in the market.

Will Shu, CEO of Deliveroo, sold 9.4M shares worth £15M for personal investments after Deliveroo's first profit of £1.3M. Despite the sale, Shu retains 95.8M shares. The company also announced a £150M buyback, and its stock remains stable.

Mercado Libre secured $250M from JPMorgan to grow its FinTech business in Mexico, targeting SMBs. The company seeks a banking license, expanding its $1.5B loan portfolio. Mexico now contributes 20% of its revenue, with $2.5B investment planned for 2024.

Allegro will expand to Hungary by the end of 2024. The company plans to invest up to 20% of its adjusted EBITDA in this international expansion. Allegro’s adjusted EBITDA in Poland reached $220M, a 35% increase year-over-year in Q2 2024.

Innovative Food Holdings is selling igourmet.com for $700K plus $350K in liabilities. After years of losses, the company is refocusing on its retail cheese business to improve profits. CEO Bill Bennett sees big potential.

Alibaba.com introduces its first US credit card with Mastercard, offering 3% cashback or 60-day interest-free terms for purchases. Small businesses can benefit from these rewards, while Alibaba expands its global reach.

ByteDance's Douyin, TikTok’s Chinese sibling, saw its e-commerce GMV grow by 46% from August 2023 to July 2024. Despite facing a price war and slowing growth, Douyin outperformed major rivals Alibaba and JD.com, which saw far lower growth.

Temu's U.S. sales growth decelerated to 37% in August, down from 45% in July. Despite a slight market share gain to 3.4%, DAUs fell 17%. Bank of America cites plateauing sales and tough comparisons, along with challenges from parent Pinduoduo.

Amazon Aggregator SellerX, founded in 2020, will be auctioned on Sept 17. Despite $900M in investments, financial struggles led to Blackrock pulling its $400M loan. This highlights broader issues with the Amazon Aggregator model.

UPS will apply a $0.50 per-pound surcharge to imports from China, Hong Kong, and Macau. Other countries like Japan and Australia will see a $0.25 fee per pound. The move is meant to offset rising shipping costs, especially with the surge in e-commerce from sites like Temu and Shein.

Qoo10 has let go of over 80% of its workforce in Singapore. 90 of the 110 employees were laid off, leaving only senior management to run day-to-day operations. This comes after financial trouble in Qoo10’s South Korean branch, raising questions about the company’s future.

Delivery Hero is planning to list its Talabat unit on the Dubai stock market, aiming to raise $1B. Emirates NBD, Morgan Stanley, and JPMorgan are handling the IPO. Talabat's valuation could exceed €5.4B.

Abu Dhabi’s Mubadala applies to take full control of Getir as Türkiye's delivery giant focuses on its home market after securing $250M in June. This follows Getir's exit from Europe, with founders retaining a minority stake.

ASOS sold a 75% stake in Topshop to Heartland, generating $146M to strengthen its balance sheet. ASOS retains 25% and faces pressure from rivals like Shein and Temu. Shares rose 18% following the announcement.

Mercado Libre founder Marcos Galperín announced a $75M investment to build a new logistics center in Buenos Aires, creating 2,300 jobs. President Javier Milei praised Galperín’s contribution to Argentina's economic growth during his visit.

Chinese ecommerce giant PDD has amassed $38B, surpassing even Tesla. However, the company refuses to offer dividends or share buybacks, which caused a 31% stock drop. Concerns rise over its limited financial transparency.

ByteDance, TikTok’s parent company, is securing a $9.5B loan. Banks like Citigroup and Goldman Sachs are interested. ByteDance plans to invest in e-commerce, generative AI, and research while refinancing a $5B loan.

Branded and Heyday, two leading Amazon aggregators, plan to merge into a new entity named Essor, with an expected annual revenue of $400M. The merger reflects the contraction in the industry that once thrived on $16B in investments.

Trouva, an online marketplace, has left many of its 650 boutique partners unpaid for over a month, despite promises of swift payment resolution. Trouva's acquisition by Fy! and a pending funding round are cited as reasons for the delays.

Meituan's revenue for Q2 reached $11.6B, exceeding expectations and marking an impressive rise from $9.5B last year. Despite China's slow economic recovery, the company benefited from delivering low-cost products. Profit margins also grew, doubling from 8.7% to 16.9%.

Delivery Hero shares jumped 10% following news of its plan to IPO Talabat on the Dubai Financial Market. CEO Niklas Ostberg says this move aims to attract local investors. Talabat operates in key Middle East countries and is a major revenue driver.

Delivery Hero cut its net loss to $798.6M in H1 2024, down from $855.4M last year. Revenues rose to $6.1B, with 6.3% GMV growth. The company projects FY 2024 revenue growth of 18%-21% and plans to list talabat in Dubai in Q4 2024.

The Platform Group outperformed its 2023 financial forecast. GMV increased to €705M, beating the predicted €700M. Net sales reached €440.8M, slightly above forecast. Adjusted EBITDA improved to €22.6M, while net income reached €26.9M.

Shein's emissions increased by 45% to 16.7M metric tons of CO2e in 2023. The rise is linked to its ultra-fast fashion production model, which produces up to 100K pieces per day. Meanwhile, reports reveal child labor issues in its supply chain.