Let's talk Marketplace 61: LTM goes to... UAE

There is hardly any of it left in Europe, but in Dubai it’s
there: a real gold-rush atmosphere.


This is because the United Arab Emirates is striving to become an
attractive home country for people from all over the world in the
next 10 or 15 years - including e-commerce, which provides people
with everything they would otherwise not be able to find locally.
In the new episode of their podcast "Let's talk Marketplace",
Ingrid and Valerie talk to Mareike Thomas about how to
successfully enter such an exciting and fast-growing market. She
is an Amazon expert and founder of the consulting agency Boom
Commerce and has lived in Dubai herself since Covid times.


And the facts speak for themselves: with a gross domestic product
of 460 billion US dollars, the UAE is one of the richest
countries in the world. Online purchases still only account for
15 percent of retail sales in the UAE - plenty of potential for
growth in a very modern society. An average online purchase is
worth 332 US dollars. By comparison, the average in Europe is 73
US dollars.


Reason enough to take a closer look at this exciting market and
find out more about which marketplaces are particularly relevant
there, how best to enter the market and why experienced
marketplace brands can easily come out on top. Listen in!


Note from our sponsor Tradebyte:


It's event season and a must for all European marketplace players
involved in fashion, sports or lifestyle is the ECD in Munich. On
June 12, you will have the opportunity to meet old acquaintances,
make new contacts and share in the excitement of like-minded
people! Make sure you get your ticket on www.ecd-gate.com!


Newsflash:


- Amazon has launched "Account Health Assurance", a new function
to protect against account blocking.


- Europe's largest second-hand fashion marketplace Vinted has
over 100 million users and will be in the black for the first
time in 2023 with a profit of 20 million.


 - Amazon has "paramount cross-market significance" for the
German online market, says the Federal Court of Justice. This
opens up completely new possibilities for the Cartel Office.


And if you want more news, sign up for our brand new newsletter
"Marketplace Universe Weekly":
www.marketplace-universe.com/newsletter. Then you'll get all the
important news straight to your inbox every Monday!