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Polish marketplace Allegro may be sold off

By Chris Dawson June 12, 2016 - 4:43 pm

allegroAccording to Bloomberg, Allegro may be being put up for sale by Africa conglomerate Naspers who currently own the marketplace.

Multichannel experts at Pentagon say that “Polish ecommerce is outpacing the rest of Europe, with 23% growth year-on-year compared to 18% in the rest of the single market”. They tell us that “the Allegro marketplace accounts for more than 50% of the Polish ecommerce market and has 14 million registered users”. That’s apparently still not good enough for Naspers as Allegro isn’t growing as fast as their other businesses.

That says more about the stagnant state of EU commerce compared to the rest of the world than it does about Allegro in comparison to other EU marketplaces. The exciting parts of the world are Africa, the Far East, Russia, India and Brazil. It doesn’t mean that EU ecommerce is dead, just that the emerging territories are seeing accelerated growth even if in some countries the volumes aren’t at EU levels yet.

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Featured in this article from the Tamebay Guide – companies that can help you grow and manage your business.

Allegro

Allegro is the leading e-marketplace in the Poland, accounting for nearly 60% of the local online shopping industry.

Pentagon

Pentagon is an end-to-end solution provider that enables brands and retailers to accelerate their online growth through 30+ global marketplaces worldwide.

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