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Digitec Galaxus AG [2] is the biggest online retailer in Switzerland. [3] The company is 70% owned by Migros and operates the Digitec and Galaxus online stores in Switzerland and neighboring EU countries. Galaxus is an online department store with a wide range of products, while Digitec specializes in IT and electronics.
The company was founded by Liu Qiangdong on 18 June 1998, and its retail platform went online in 2004. It started as an online magneto-optical store, but soon diversified, selling electronics, mobile phones, computers, and similar items. The company changed its domain name to 360buy.com in June 2007 and then to JD.com in 2013.
As of 2020, Taobao hosted ten million online stores, 726 million active buyers, and a gross merchandise value of $945 billion. [ 7 ] : 58 As of 2021, Taobao was the 8th most visited website in the world and the 5th most visited website in China.
Suning Commerce Group Co., Ltd. principally operates franchised retail shops of electronic appliances in China. [10] The Company mainly offers colour televisions (TVs), audio and video (AV) players, disc players, refrigerators, washing machines, digital and information technology (IT) products, small household electronics, air conditioners, telecommunications products and other products.
Tmall occupied 51.3% Chinese B2C market online product sales share in Q1 2013. [10] In February 2014, Alibaba launched Tmall Global as a cross-border marketplace for foreign brands and merchants to sell directly to Chinese consumers. The cross-border model requires merchants no longer to have a legal entity in China nor hold stock in the ...
Ex Libris claims to be the largest Swiss online shop for books, music, movies, games, and electronics, and features a network in the German-speaking area of Switzerland. In the online shop, the Migros subsidiary provides a multimedia full range of more than 6 million products, plus more than 10 million digital products for download.
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As of March 2023, China's online retail sector is experiencing intensified competition, affecting market share and growth among leading e-commerce players. This competitive environment, noted by Fitch Ratings , is influencing companies to invest heavily in maintaining their market positions, potentially impacting their profit margins .
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