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Online marketplace operators have a unique ability to obtain and use in their economic decision making personal data and transaction data, but also social data and location data. Therefore academics have described online marketplaces as new economic actor , or even as a new type of market economy .
Shopify is the name of its proprietary e-commerce platform for online stores and retail POS (point-of-sale) systems. The platform offers retailers a suite of services, including payments, marketing, shipping and customer engagement tools. [3] As of 2024, Shopify hosts 5.6 million active stores across more than 175 countries. [4]
Drop shipping: The order is passed to the manufacturer or third-party distributor, who then ships the item directly to the consumer, bypassing the retailer's physical location to save time, money, and space. In-store pick-up: The customer selects a local store using a locator software and
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StoreHippo started testing of ONDC connected marketplace for small and medium-sized enterprises. [120] Grab integrated as LNP for hyper local intercity delivery on 1 August 2022. [121] As of August, Titan Company, Zoho Corporation, retail intelligence platform Bizom are on advance stages of integration with the network.
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Shopee was established in Singapore in February 2015 as a mobile-focused marketplace that enables users to browse, shop, and sell products. [9] The platform integrates logistical and payment support to facilitate transactions and is designed to operate with minimal physical assets.