The industry is optimistic! Shopify's turnover may grow at a rate of 30%

A celebrity hedge fund is optimistic about the independent website building platform Shopify! It said its turnover may grow at a rate of 30% .

In Polen Capital's second quarter 2021 investor letter, the fund mentioned Shopify. The Ottawa, Canada-based e-commerce company currently has a market value of $ 188.8 billion. Its stock has returned 33.89% since the beginning of the year, and its 12 -month return is 45.44%. The overall development trend is good.

Polen Capital Management is a star hedge fund in recent years, well-known for its investment in technology stocks . Therefore, its praise for Shopify in its second quarter summary also aroused discussion and reports in the industry.

Polen Capital stated in its second quarter 2021 investor letter : “Shopify is a Canadian software company that helps merchants run e-commerce businesses efficiently . Shopify supports merchants in setting up online stores and provides e-commerce sellers with an integrated operating platform, allowing merchants to easily manage inventory online, interact with customers, accept payments and monitor goods.

“ With the rise of e-commerce around the world, both startups and well-known brands are using Shopify to build independent websites . To date , nearly 2 million companies have used Shopify to build independent websites, selling more than $ 150 billion worth of goods in total.

" Additionally, new product categories such as lending services , other seller pain points that we believe Shopify can help solve in the future , and higher levels of monetization driven by the surcharge system , all of which make us believe Shopify can achieve rapid profitability at a growth rate of 30 % in the next five years . "

In addition to commercial investors such as internationally renowned hedge funds, various advertisers, social media platforms, etc. have also expressed their optimism about this independent website building platform through practical actions such as launching and expanding cooperation.

For example, recently, the news of Shopify and Tiktok expanding their cooperation has once again swept domestic and foreign e-commerce websites, and various industry media have rushed to report. TikTok announced that it will expand its cooperation with Shopify and will test the function of the built-in store of the TikTok app in specific Shopify platform merchants in the United States, the United Kingdom and Canada in a few weeks. This is undoubtedly another important good news, and Shopify's stock price has risen by 3.49%.

Independent website