Beginning with the start of the pandemic, the ecommerce had a boom, followed by different challenges related to data privacy. We’ve decided to follow the trends ecommerce is following and gathered the news that caught our attention last week:

WeCommerce plans to acquire KnoCommerce for USD 2.1 million in cash, marking its third announced acquisition since it went public on the TSXV in December 2020. This is WeCommerce’s ninth acquisition overall.

Standard Chartered Corporate, Commercial & Institutional Banking is ready to enter the ecommerce space in Kenya with the expansion of Solv, their B2B marketplace first launched in India. Solv is a platform meant to helps MSMEs trade goods with each other, expand their customer base, and digitise their businesses.

Rakuten has announced the launch of an NFT market, after launching a crypto exchange in 2019 and integrating crypto payments in its Rakuten Pay app, in 2021.

Besides, eBay has also decided to accept cryptocurrency payments soon, aiming to attract younger customers.

Lastly, PPRO has released a report regarding the global ecommerce market. According to this, customers need retailers to care about their preferences. About 40% of shoppers are looking for authentic, genuine shopping platforms that provide cultural integration and appeal to a global audience, instead of heavily orientating towards the US customers.

As for the long reads, Elena Gatti, Managing Director Europe at Azoya, talks about four main changes that are happening in the Chinese retail sector, providing pointers on how to sell successfully to China.

Moreover, Stefano Mauro, on behalf of Ecommerce Europe, discusses the main priorities for the European Digital Commerce sector in 2022 and elaborates on six key principles fit for the future.

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