E-commerce
Indian retail group seeks antitrust probe of quick commerce companies Swiggy, Blinkit, Zepto
Blinkit and Zomato logos are seen in this illustration taken June 27, 2022. Dado Ruvic | Reuters India’s biggest group of retail distributors has asked the antitrust authority to investigate three quick commerce companies — Zomato’s Blinkit, Swiggy and Zepto — for alleged predatory pricing, a letter showed on Sunday. Quick commerce is a new shopping rage in India, with companies […]
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Alibaba to allow payment through Tencent’s WeChat Pay for the first time on e-commerce apps
The Alibaba Group logo displayed on a mobile phone. Cfoto | Future Publishing | Getty Images Chinese tech giant Alibaba on Wednesday said that its core Taobao and Tmall e-commerce platforms will now allow payment through Tencent’s WeChat app for the first time. Previously, Alibaba’s Chinese e-commerce sites only accepted limited payment options and pushed […]
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Alibaba shares dip 4% in premarket after earnings miss expectations despite cloud acceleration
Signage at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Friday, Aug. 2, 2024. Qilai Shen | Bloomberg | Getty Images Alibaba missed top and bottom line expectations for the June quarter of 2024 as it continues to face headwinds in its core e-commerce business amid rising competition and a cautious Chinese consumer. […]
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FTC bans fake online reviews, inflated social media influence; rule takes effect in October
Federal Trade Commission Chair Lina Khan testifies during a hearing of the House Appropriations Subcommittee on Financial Services and General Government, May 15, 2024. Tom Williams | CQ-Roll Call, Inc. | Getty Images The Federal Trade Commission on Wednesday voted unanimously to ban marketers from using fake reviews, such as those generated with AI technology, […]
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Amazon designs to start discount keep in bid to fend off Temu and Shein
An Amazon agreement worker stacks packages on to a baggage cart outside an condominium constructing in New York on April 16, 2024. Angus Mordant | Bloomberg | Getty Visuals Amazon ideas to start a new area on its web site devoted to reduced-priced fashion and way of life products that will permit Chinese sellers to […]
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Amazon’s ditching the plastic air pillows in its bins
Amazon reported Thursday it has eradicated 95% of the plastic air pillows from its packaging in North The united states and will exchange them with paper fillers created from 100% recycled written content. It marks Amazon’s greatest plastic-packaging reduction hard work and will assistance it take away just about 15 billion plastic pillows annually. “We […]
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This ETF aims to seize China’s possess ‘Magnificent Seven’
ETF Edge This ETF aims to seize China’s have ‘Magnificent Seven’ Printed Wed, Could 22 20247:00 PM EDT Emily Glass Enjoy Reside Resource
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Wayfair to open its first large store, as physical locations make a comeback
Wayfair store in Wilmette, Illinois. Courtesy: Wayfair What retail apocalypse? Online home goods retailer Wayfair is opening its first namesake store, near Chicago, following a string of other digitally native companies that have turned to brick-and-mortar for growth. In an ironic twist for a company that became a $12 billion powerhouse by persuading consumers to […]
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Amazon says additional deals are arriving in a day or a lot less soon after hefty investment in speedy achievement
Merchandise are found at an Amazon achievement heart in which they are currently being sorted and shipped out as exact-working day orders throughout Cyber Monday at the Similar-Day Shipping Facility Fulfillment Middle in Tampa, Florida, on Nov. 27, 2023. Octavio Jones | Getty Pictures News | Getty Photos Amazon says it is acquiring even additional […]
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Alibaba shares jump soon after founder Jack Ma re-emerges with praise of Chinese giant’s ‘transformations’
Jack Ma, founder of Alibaba, reappeared in the general public look at in China for the initial time in months. Alibaba then introduced a huge reorganization of its organization. Authorities see the shift as a sign that the Chinese governing administration is softening its stance toward tech giants soon after a crackdown that began in […]
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