CCEE visits the Middle East: blue ocean business opportunities with buyers and platforms

Stefano Venza

“Guido Ghedin, CMO of Cifnews global, to attend ArabNet 2018 Digital Summit and deliver speech“

At the ArabNet 2018 Dubai Digital Summit from Apr. 30 to May 1, Guido Ghedin, CMO of Cifnews global, will deliver a speech.

ArabNet is a leader in media, research, and events focusing on digital commerce and entrepreneurship in the Middle East and North Africa. The summit focuses on four major themes: advertising technology, e-commerce, investment and innovation, and smart economy.

“iMile focuses on serving Chinese cross-border e-commerce merchants and will carry an array of products“

The CCEE team visited iMile to discuss future cooperation opportunities. The founding team of iMile is based in China and now stationed in Dubai. It not only provides final kilometer shipping service for Chinese e-commerce sellers but also solves the problem of cash on delivery, providing one-stop solutions for Chinese sellers in the Middle East. Currently, iMile has overseas warehouses in Dubai and its own shipping team covering seven emirates in the UAE.

“Noon and Souq to facilitate e-commerce in the Middle East“

In 2018, B2C e-commerce in the Middle East will reach US$58 billion. The region has become an emerging market for cross-border e-commerce giants, such as Amazon and eBay.

Noon is a full-service e-commerce platform. It was officially launched in September and December 2017 in the UAE and Saudi markets.

If Noon is the Alibaba of the Middle East, then Souq is the Middle East’s version of Amazon. Souq received US$275 million in investments in March 2016. Investors include Tiger Global, Tencent’s largest multinational media group shareholder, Naspers, IFC, and Baidu’s second largest shareholder.