Groupon exits Greece and Turkey

Groupon exits Greece and Turkey

Groupon is no longer active in Greece and Turkey. The American ecommerce company pulled the plug on its operations in these two Southern European countries last week. It’s still not clear why the Greek site is offline now, but Groupon backed down in Turkey because of financial expectations that couldn’t be met. Continue reading

by Ecommerce News. About Online store with tags , . 1,341 views.

Europe sees rise of mobile payments

Mobile payments in Europe

In Europe, more and more consumers like to pay using their smartphone or tablet. In share of mobile device owners who already have experience with mobile payments, Turkey is the absolute leader in Europe. This is apparent from the latest report by yStats.com, called “Europe Online Payment Methods: First Half 2015”. Continue reading

by Ecommerce News. About Mobile, Payments with tags , , , , , , , , . 1,560 views.

Turkish ecommerce industry gets attention from investors

Hepsiburada

The solid and fast-growing ecommerce market in Turkey has got the attention from several investors. The latest one to show interest is the Abraaj Group. This Dubai-based private equity firm purchased a 25% stake in Hepsiburada, Turkey’s largest online retailer. The deal is the latest in a steady stream of online-oriented acquisitions in Turkey. Continue reading

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Eastern European ecommerce attracts investors

Global investors are looking with increasing interest to the ecommerce industry in Eastern Europe. The growth and trends in this region attracts the attention of international ecommerce players and investors. For example in Turkey, there’s a raised interest of investors, mostly in the clothing sectors. Continue reading

by Ecommerce News. About Statistics with tags , , , , , , , . 765 views.

Southern European ecommerce to grow to €47.8bn

With regards to the financial crisis, Southern Europe is still one of the most damaged regions in Europe. But maybe the ecommerce industry can change this, little by little. It’s estimated that online sales in this region will reach 47.8 billion euros at the end of this year, while this part of Europe also has shown an average annual growth rate of 22% since 2010. Continue reading

by Ecommerce News. About Statistics with tags , , , , , , , . 816 views.