GMV

Kuaishou Technology Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, March 20, 2024
Online, Astral, Real estate, Algorithm, Ecosystem, UAL, MAU, Sale, Shithead (card game), Investment, Maus, Depreciation, Cosmetics, Marketing, Employment, Education, City, Nio, Social Security, Sport, Average cost, Agriculture, KOL, Acquisition, Role, Video, Telephone numbers in Hungary, GMV, Double, Health, Culture, Growth, Operating cost, DAU, Social, Music, Total, Video game

Users continue to choose Kuaishou, and our MAUs exceeded 700 million in the fourth quarter, marking a new record high.

Key Points: 
  • Users continue to choose Kuaishou, and our MAUs exceeded 700 million in the fourth quarter, marking a new record high.
  • Revenue from our live streaming business remained stable at RMB10.0 billion for the fourth quarter of 2023 and 2022, respectively.
  • In the fourth quarter of 2023, average MAUs on the Kuaishou App exceeded 700 million, marking another new record.
  • Based on our refined operation strategy, the subsidy cost per DAU of Kuaishou Express declined year-over-year in the fourth quarter of 2023.

Saudi Arabia Social Commerce Market Report 2024 - A Forecasted US$5.14 Billion Market by 2029, Featuring Coverage of Facebook, Instagram, Tajer and Fordeal

Retrieved on: 
Wednesday, March 20, 2024
Operational definition, GMV, Social commerce, Arms industry

The social commerce industry in Saudi Arabia is expected to grow by 30.6% on annual basis to reach US$1.71 billion in 2024.

Key Points: 
  • The social commerce industry in Saudi Arabia is expected to grow by 30.6% on annual basis to reach US$1.71 billion in 2024.
  • The Saudi Arabia social commerce GMV is forecast to increase from US$1.31 billion in 2023 to reach US$5.14 billion by 2029.
  • With over 50+ KPIs at country level, this report provides a comprehensive understanding of social commerce market dynamics, market size and forecast, and market share statistics.
  • Below is a summary of key market segments:
    Saudi Arabia Ecommerce Industry Market Size and Future Growth Dynamics by Key Performance Indicators, 2020-2029
    Saudi Arabia Social Commerce Industry Market Size and Future Growth Dynamics by Key Performance Indicators, 2020-2029
    Saudi Arabia Social Commerce Industry Market Size and Forecast by Retail Product Categories, 2020-2029

Belgium Social Commerce Market Databook 2024, Featuring Coverage of Facebook, Instagram, Kazidomi, My Social Book, myShopi, Lokkal and Earnieland

Retrieved on: 
Monday, March 18, 2024
Social commerce, Operational definition, GMV

The Belgium social commerce GMV is forecast to increase from US$924.42 million in 2023 to reach US$2 billion by 2029.

Key Points: 
  • The Belgium social commerce GMV is forecast to increase from US$924.42 million in 2023 to reach US$2 billion by 2029.
  • With over 50+ KPIs at country level, this report provides a comprehensive understanding of social commerce market dynamics, market size and forecast, and market share statistics.
  • In-depth Understanding of Social Commerce Market Dynamics: Understand market opportunities and key trends along with forecast (2020-2029).
  • Develop Market Specific Strategies: Identify growth segments and target specific opportunities to formulate social commerce strategy; assess market specific key trends, drivers, and risks in the industry.

E-commerce data service company "EchoTik" has secured tens of millions of RMB from angel financing, aims to be International Business Advisor

Retrieved on: 
Monday, March 18, 2024
PR, Logic, Software as a service, Business, Growth, RMB, Data analysis, AGI, Internet, Research, GMV, Collection, Ali Baba, Online shopping

BEIJING, March 18, 2024 /PRNewswire/ -- EchoTik, an independent TikTok third-party data service company ( https://echotik.live ) has completed an angel round of financing worth tens of millions of RMB.

Key Points: 
  • BEIJING, March 18, 2024 /PRNewswire/ -- EchoTik, an independent TikTok third-party data service company ( https://echotik.live ) has completed an angel round of financing worth tens of millions of RMB.
  • Founded in August 2022, EchoTik is a company engaged in the development of SaaS for overseas markets, providing data tools and decision-making advice.
  • This includes, but is not limited to, real-time e-commerce data monitoring, industry and category data research, traffic and sales data analysis, and trend visualization.
  • They are more than capable of fulfilling data technology needs and providing precise positioning and effective suggestions for e-commerce sellers and traffic influencers.

Nosto reports +57% increase in the number of enterprise Shopify merchants using its platform for search, merchandising, and personalization over the last 12 months

Retrieved on: 
Friday, March 15, 2024
Cloud, Synthetic media, Business analytics, Growth, Product intelligence, UGC, CXP, Social media, Culture Kings, Behavior, Enterprise, Business intelligence, GMV, Faherty Brand, Commerce, Catalog, Fatigue, Artificial intelligence, Generative, Online shopping

NEW YORK, March 15, 2024 /PRNewswire-PRWeb/ -- Nosto, the leading Commerce Experience Platform (CXP), has reported that the number of enterprise Shopify merchants with over 100M USD in gross merchandising value (GMV) using their CXP for search, merchandising, and personalization has grown by 57% in the last 12 months, and 267% in the last five years.

Key Points: 
  • Princess Polly, one of the enterprise Shopify merchants that uses Nosto, is pleased with the efficacy of the solution.
  • We understand that our product catalog is quite extensive, which might lead to decision fatigue for our customers.
  • Additional enterprise Shopify retailers using Nosto's CXP include Culture Kings, Todd Snyder, Faherty Brand, and Arhaus.
  • "Shopify has successfully expanded its focus towards servicing enterprise retailers with complex requirements and global presence.

EQS-News: Zalando evolves strategy to cover larger share of fashion and lifestyle e-commerce market with pan-European ecosystem for customers and partners

Retrieved on: 
Wednesday, March 13, 2024
CFO, Acquisition, Adidas, Artificial intelligence, Ivivva athletica, Otto, Annual report, Growth, Kid, Commerce, Advertising, Fashion, Story, GMV, Ecosystem, CO2, Sport, Annual, Investment, ASOS, Software, Marketing

The ecosystem model is a strategic evolution from the current platform one, and will enable Zalando to cover a larger share of the fashion and lifestyle e-commerce market as well as deepen relationships with customers and partners.

Key Points: 
  • The ecosystem model is a strategic evolution from the current platform one, and will enable Zalando to cover a larger share of the fashion and lifestyle e-commerce market as well as deepen relationships with customers and partners.
  • With both B2C and B2B, Zalando aims to cover in the long term the equivalent of 15 percent of the European fashion market, which is worth 450 billion euros.
  • Serving customers across their fashion and lifestyle needs will increase multi-proposition adoption and enable Zalando to capture a higher share of customers’ wallet.
  • The company’s recently launched ZEOS business enables Zalando to shape the European fashion and lifestyle industry beyond its own consumer business.

EQS-News: Delivery Hero launches financing transaction to optimize its capital structure

Retrieved on: 
Wednesday, March 13, 2024
CFO, USD, Delivery, Annual report, Growth, Entrepreneurship, Yoy, EUR, GMV

Niklas Östberg, CEO and Co-Founder of Delivery Hero, said: "Our ability to execute this transaction is a strong testimony to our operational and financial achievements, which saw Delivery Hero generating over EUR 250 million of adj.

Key Points: 
  • Niklas Östberg, CEO and Co-Founder of Delivery Hero, said: "Our ability to execute this transaction is a strong testimony to our operational and financial achievements, which saw Delivery Hero generating over EUR 250 million of adj.
  • Emmanuel Thomassin, CFO of Delivery Hero, said: “We are leveraging the strong lender interest in Delivery Hero and the supportive market conditions to favourably amend, extend and upsize the existing term facilities by an additional approximately EUR 500 million equivalent.
  • Delivery Hero confirms the guidance provided with its Q4 2023 Trading Update on February 14, 2024.
  • Following the launch of the transaction, Delivery Hero will publish an Investor Presentation today at approximately 07:30am CET on its Investor Relations website , providing further insights into the financing transaction and its rationale.

The RealReal Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, February 29, 2024
SAN, The RealReal, Note, AOV, Growth, Debt-to-GDP ratio, Adjustment, IPO, Total revenue, GAAP, GMV

SAN FRANCISCO, Feb. 29, 2024 (GLOBE NEWSWIRE) -- The RealReal (Nasdaq: REAL)—the world’s largest online marketplace for authenticated, resale luxury goods—today reported financial results for its fourth quarter and full year ended December 31, 2023. Fourth quarter 2023 Net Loss was $22 million, compared to $39 million in the fourth quarter of 2022. Fourth quarter 2023 Adjusted EBITDA was positive $1.4 million, a $22 million improvement compared to the fourth quarter of 2022. Full year 2023 Net Loss was $168 million, compared to $196 million for full year 2022. Full year 2023 Adjusted EBITDA was $(55) million, compared to $(112) million for full year 2022.

Key Points: 
  • Fourth quarter 2023 Net Loss was $22 million, compared to $39 million in the fourth quarter of 2022.
  • Fourth quarter 2023 Adjusted EBITDA was positive $1.4 million, a $22 million improvement compared to the fourth quarter of 2022.
  • Full year 2023 Net Loss was $168 million, compared to $196 million for full year 2022.
  • “In the fourth quarter of 2023, The RealReal delivered positive Adjusted EBITDA and positive free cash flow.

1stDibs Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, February 28, 2024
1stdibs, The Company, Growth, GAAP, GMV, Adjustment, Investment, Video game

NEW YORK, Feb. 28, 2024 (GLOBE NEWSWIRE) -- 1stdibs.com, Inc. (NASDAQ: DIBS), a leading online marketplace for luxury design products ("1stDibs" or the "Company"), today reported financial results for its fourth quarter and year ended December 31, 2023.

Key Points: 
  • NEW YORK, Feb. 28, 2024 (GLOBE NEWSWIRE) -- 1stdibs.com, Inc. (NASDAQ: DIBS), a leading online marketplace for luxury design products ("1stDibs" or the "Company"), today reported financial results for its fourth quarter and year ended December 31, 2023.
  • Gross margin was 71.5%, compared to 70.5% in the fourth quarter 2022.
  • GAAP net loss was $2.9 million compared to a net loss of $6.9 million in the fourth quarter 2022.
  • Non-GAAP Adjusted EBITDA and Adjusted EBITDA Margin was $(1.7) million and (8.1)%, respectively, compared to $(4.5) million and (19.5)%, respectively, in the fourth quarter 2022.

GigaCloud Technology Inc Expands Supplier Diversity, Introducing Three New Markets to its B2B Ecommerce Marketplace

Retrieved on: 
Tuesday, February 27, 2024
Collection, GCT, Sale, History, GMV, Online shopping

EL MONTE, Calif., Feb. 27, 2024 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise, today announced that suppliers from new product origins in Colombia, Mexico, and Turkey have joined its B2B ecommerce platform, GigaCloud Marketplace.

Key Points: 
  • EL MONTE, Calif., Feb. 27, 2024 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise, today announced that suppliers from new product origins in Colombia, Mexico, and Turkey have joined its B2B ecommerce platform, GigaCloud Marketplace.
  • Three global suppliers have joined the GigaCloud Marketplace as new 3P sellers, expanding the seller base in new markets and introducing new SKUs to the platform.
  • For the 12 months ended September 30, 2023, GigaCloud Marketplace had 741 active 3P sellers and 4,602 active buyers.
  • GigaCloud Marketplace GMV was $684.8 million in the 12 months ended September 30, 2023.