Allegro has entered into a partnership with OpenAI, the company behind ChatGPT. The Polish ecommerce company will gain access to advanced AI technology and support in developing new solutions for its platform. Recently, Allegro also introduced an AI assistant for sellers.
Rakuten France, formerly known as PriceMinister, is looking for a buyer for its marketplace. The platform has lost traffic and active customers in the last 10 years. If no one comes forward, the marketplace will be closed before the end of this year.
Blackstone is acquiring Greek ecommerce market leader Skroutz. The American investment company is taking over a majority stake from European private equity firm CVC Capital Partners. The founders will remain involved in the business.
Online sellers are increasingly dividing their stock across warehouses in several markets to provide a more local experience to their customers. According to global fulfilment provider fulfilmentcrowd, localizing stock will become increasingly more important for international sellers following the introduction of parcel fees on imported goods in the European Union.
Ecommerce giant Amazon is investing 15 billion euros in the French market over a three-year period. The company will use the money to build, among other things, four new distribution centers. Investments in existing and new infrastructure are expected to result in faster delivery times for customers and selling partners across France.