Locked content Number of e-commerce deliveries up 19% in 2018

The increase in the number of deliveries for e-commerce business customers exceeded 19 percent in the first eight months 2018, results from Poczta Polska data show. The number of parcels sent by individual customers is also growing; in the first eight months of the year, the increase was 23 percent ...

Locked content MCI to buy majority stake in e-commerce firm

WSE-listed private equity fund MCI.EuroVentures has signed a contract to acquire a 51 percent stake in e-commerce firm IAI, the company said in a market filing. IAI offers comprehensive services for online stores and accommodation bookings portals. The value transaction is PLN 140 million. “The MCI ...

Locked content WP sees e-commerce revenue at 75% of total

Wirtualna Polska (WP) expects that revenue from e-commerce segment will increase to 75 percent of total revenue compared to 58 percent currently, CEO Jacek Świderski said. He also informed that until the end of 2018 Wirtualna Polska may buy an e-commerce company operating in the Central and Eastern ...

Locked content AIP Seed Capital leaves CallPage investment with 22-fold return

AIP Seed Capital has sold its shares in tech start-up CallPage with a 22-fold return, earning PLN 2.2 million. “The sale of Call Page shares is one of the highest returns from seed investments in Central and Eastern Europe and the highest return received by the fund,” said Dariusz Żuk, founder and C...

Locked content CCC Q2 net profit up at PLN 204.2 mln

Footwear retailer CCC reported PLN 204.2 million net profit in Q2 versus PLN 148.2 million y/y. Operating profit amounted to PLN 242.3 million compared to PLN 180.1 million a year ago. Revenue stood at PLN 1.33 billion. CCC expects e-commerce revenue to reach PLN 1 billion this year and to grow by a...

Locked content Sunday trade ban accelerates e-commerce growth

Sunday trade ban will accelerate penetration of e-commerce in Poland by 0.5 percent this year, by 0.9 percent in 2019 and by 1.2 percent in 2020, Haitong Bank estimated in a report. Most market participants expect that the ban’s impact will be limited, but e-commerce, service outlets, and smal...

EU to abolish geoblocking in e-commerce

The EU has agreed to abolish geoblocking in online retail trade. After the new regulation come into force, customers from the whole bloc will be able to purchase goods and services on any website in the EU, without being redirected to local sites with differing prices. “Removing unjustified blocking...

Online shopping on the rise

The number of internet users, who shop online has increased to 54 percent, compared to 50 percent in 2016, according to the “E-commerce in Poland 2017” report prepared by Gemius in cooperation with the Chamber of Electronic Commerce (IGE).