E-commerce

Saudi Arabia’s e-commerce market grew 18%. 

They offered products in refillable containers as rewards.

The company has an authentication process to ensure fake items do not make it to the listing.

Its revenue increased by 3% YoY to around $29.1b.

Over 70% of its revenue was from external customers.

They are interested in sustainability as much as they are in delivery speed.

The company’s net profit stood at $91m in the third quarter.

Its net income stood at $91m. 

The discount they get do not match their expectations.

Increased competition is, however, expected with several other retail festivals and shopping events.

Its income stood at IDR3.61t over the said period.

The region’s GMV is expected to be at $200b. 

Its digital economy is expected to grow by 22% to $18b in 2022. 

Nearly 84% of consumers have used online shopping platforms in the past six months.

The market is projected to grow by 13% during the quarter. 

The sports brand touts over 750 patents.