Under the partnership, the two will expand the sea shipping capability and introduce ‘Pick-Up and Drop-Off’ services to ensure a seamless online shopping experience for Temu’s growing customers in the region
online marketplace
Latest in online marketplace
acquisition
EXCLUSIVE: Japan’s giftee acquires 91% stake in Dubai’s YOUGotaGift
The deal is expected to close by the end of November, subject to regulatory approvals, with the existing management team remaining in place as a condition of the transaction
Discounts and Deals
Revealed: Loyalty programmes drive online shopping in UAE to hit $5.5bn till half-way 2024
A latest study showed that as high as 75% of UAE shoppers are subscribers to various loyalty programmes offered by online marketplaces and companies across sectors
E-commerce
E-commerce: Industry leaders form new platform in MENA to boost profitability, liaison with governments
The latest community initiative is aimed at giving further fillip to the surging e-commerce sector in MENA, which is estimated to reach a market volume of $50 billion by 2025
online marketplace
Revealed: MENA leads online marketplace orders globally with over $25bn in 2022
Fashion category led the spike in online sales in the region last year, followed by electronics and household goods
Amazon
Shopify in silent online battle with Amazon’s Buy with Prime
The e-commerce platform is warning merchants against Amazon’s service, stating potential threats of fraudulent activities
Cross-border shopping
How can your business drive discovery and growth across borders?
An in-depth look into the different factors – including availability, price, and quality – motivating people to buy products from foreign markets rather than local markets
BorrowMe
Inside the UAE-based startup facilitating the renting of everyday items
BorrowMe has 1,100 listed items and 12,000 site visits since its launch last August, eyes GCC expansion
automobile industry
UAE public call for greater transparency in used car market
In a survey of over 1,000 UAE residents, 60 percent of respondents across all ages and nationalities identified quality and reliability as a key concern when looking to buy a used car
AI technology
Dubai start-up Seafood Souq inks sustainability deal with hotel giant Jumeirah Group
In a nod towards increased sustainability, Jumeirah Group is introducing tech to its restaurants, allowing Dubai diners to be the first in the region with access to certified traceable seafood
E-commerce
Cairo-based home goods marketplace Homzmart sets sights on Saudi expansion
General e-commerce in the kingdom is growing extremely fast – 35 percent a year – one of the fastest growth rates in the Arab world
4sale
Why a Kuwaiti online classifieds company is turning away from regional expansion
4sale is focusing on growing its active users to 2 million within the next three years, half the population of Kuwait, said its CEO
Aqua Pod
How the UAE could be home to floating shopping malls, communities and cities
Aqua Pod has previously launched a floating burger joint at Dubai Harbour and Majid Al Futtaim’s floating mobile Carrefour supermarket
business funding
Middle East-based Joi Gifts raises $2.5m in Series A VC funding
Led by Saudi and UAE investors, funding will be used to fuel the online gifts platform’s further regional expansion and product development
delivery services
Why UAE supermarket chain is banking on bricks-and-mortar
Despite the surge in e-commerce, by the end of this month Grandiose Supermarket will operate 16 outlets throughout Dubai and neighbouring Abu Dhabi
Agthia Group
New online auction aims to boost date sales for UAE farmers
Food major Agthia announces the launch of eZad, an online business to business auction platform
Boksha.com
Emirati founded start-up Boksha locks in $1 million seed funding
UAE-based tech start-up Boksha is an online marketplace for independent fashion designers from the region
