Cross-Border Magazine

The Irish Data Protection Authority (DPC) has fined LinkedIn €310 million after concluding that the social network's processing of personal data by its users does not comply with the European Union's General Data Protection Regulation (GDPR). #ecommerce #EUlaws #GDPR #EUGDPR

Vinted has closed a new financing round that boosts its valuation. The second-hand marketplace has closed the secondary share sale for €340 million at a valuation of €5 billion. In 2021, during Vinted's last funding round, the company had a pre-money valuation of €3.5 billion. #ecommerce #vintage #fashion #clothes #secondhand

Thanks to our partner Packeta.de we delve today into the world of lockers and PUDOs in Easter Europe! Out-of-home deliveries (OOH) are on the rise across Europe. Since 2021, the number of parcel lockers in the European market has increased by more than half, and the number of pickup stations is growing by an average of 7% per year. The eastern part of the continent is leading the way, making it particularly attractive for online retailers with expansion plans. #ecommerce #logistics #deliveries #EasterEurope

China's e-commerce market has seen tremendous growth from 2020 to 2024, solidifying its position as the largest in the world. In 2023, the market was valued at approximately $2.22 trillion; by 2024, it is projected to surpass $2 trillion. It is continuing its upward trend with a forecast to reach $4.77 trillion by 2032. The compound annual growth rate (CAGR) is expected to be around 8.9% from 2024 to 2032. #ecommerce #china #chinaegrowth #chinaecommerce

During our past Award Gala in Barcelona, we had the amazing opportunity to chat with some industry-leading companies. Today, we want to share a short intro to our upcoming interviews with CBM partners during our Cross Border Magazine Award Gala 2024! 👏🏻 #ecommerce #crossborder #CBM #CBMAwards

Today we are revisiting an article by LogiCommerce where the team outlines five key reasons why businesses should consider migrating to a Headless eCommerce platform. In this piece, LogiCommerce explains how a Headless architecture offers enhanced customization, improved performance, and omnichannel capabilities that can transform the way businesses engage with customers across multiple platforms. By decoupling the Front-end from the Back-end, companies can also benefit from easier updates and seamless integration with modern technologies. If you missed it before, now is the time to catch up! 📰 📥 Download your copy now to explore how LogiCommerce can help future-proof your eCommerce strategy. https://lnkd.in/gRTuZtS #CBM #CrossBorderMagazine #Ecommerce #LogiCommerce #Performance #Headless

Alibaba Group has changed its approach to this year's Singles' Day sales event, focusing on protecting merchants from excessive price wars. The move comes after Beijing warned to prevent unsustainable competitive practices in China's e-commerce sector. #ecommerce #alibaba #singlesday

NVIDIA has launched a customized and optimized version of Llama 3.1 baptized 'Nemotron'. This 70-billion-parameter model has shaken the field of AI, having beaten the language models GPT-4 and Claude 3.5 Sonic in several benchmarks. Now, if you are involved in the complex world of e-commerce, you should know about Nvidia. But if the name doesn't ring a bell, let us quickly review what and who Nvidia is and why it is fundamental for the future of e-commerce. #ecommerce #nvidia #nemotron #ai

Grupa Pragma, one of Europe's leading non-bank providers of SME finance in CEE, known for its innovative technological solutions developed by an internal software house (PragmaGO.tech), has started its international expansion from the Romanian market through the acquisition of an 89% shareholding in TELECREDIT IFN SA (operating under the brand name Omnicredit) from investment company Reconstruction Capital II Limited (RC2) and Elisa Rusu, Telecredit’s CEO, for an initial consideration of EUR 5.785 million plus an earn-out of up to EUR 0.445 million. #ecommerce #payments #romania #eupayments

Expanding across borders is not a walk in the park. Many components play a significant role in this process. We are keen to hear about the challenges you’ve faced during your experience with scaling internationally!