Schibsted ASA has acquired the Tings app, a circular marketplace platform, to enhance its digital offerings and align with growing consumer demand for sustainable consumption practices in Norway's evolving e-commerce landscape.

Information on the target

Schibsted ASA, a prominent media and online marketplace company based in Norway, has recently made significant strides in diversifying its portfolio through strategic investments. One of its latest ventures includes the acquisition of the Tings app, a circular marketplace that connects consumers, brands, retailers, and third parties. This innovative platform aims to bring physical products into the digital realm, enhancing user experience and promoting sustainable consumption.

The Tings app serves as a consumer-centric solution for managing receipts and facilitating transactions within a circular economy. By integrating various stakeholders into its ecosystem, Tings not only simplifies the purchasing process for users but also encourages responsible consumption practices, aligning with global sustainability trends.

Industry overview in the target’s specific country

The Norwegian market is witnessing a transformative shift towards digitalization and sustainability, particularly within the e-commerce and marketplace sectors. As consumers increasingly prioritize eco-friendly options, the demand for platforms t