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The Latest Breaking News from e-commerce

Alibaba is replacing its e-commerce head after just nine months in the job as it tries to beat back Pinduoduo- and Temu-owner PDD

Eddie Wu, Alibaba Group CEO, is now taking direct control over the tech giant's e-commerce division.

Fortune

China's Alibaba names CEO Eddie Wu to head its e-commerce business as its growth falters

China's Alibaba Group says its CEO Eddie Wu will head its core e-commerce business, as the company seeks to drive growth and fend off fast-growing online shopping rivals like Pinduoduo

The Independent UK

Coupang Acquires Luxury E-commerce Titan, Farfetch

In a surprising twist, e-commerce titan Coupang sweeps off the online luxury world, set to acquire the glamorous empire of Farfetch. Stay tuned!

Top News

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Revolutionizing modern-day advertisements: Plai celebrates completion of over 20,000 ad campaigns

Plai, a rapidly growing AI advertising startup, has helped thousands of e-commerce companies, world-renowned performing artists, real estate agents, and ad agencies generate over 20,000 automated ad campaigns.

International Business Times

TikTok staff told to avoid flagging problems with Amazon accounts

Exclusive: Internal communications suggest video platform working to protect its lucrative relationship with e-commerce firm

The Guardian - UK

Jeff Bezos Net Worth 2024: Amazon Founder's $172.3B Wealth Set To Soar Atop Blue Origin Rockets

Jeff Bezos is the third-richest man in the world today, behind Elon Musk and Bernard Arnault. Here's a look at his net worth and where it could be in 2024.

International Business Times

Why the CEO of the 12th largest U.S. retailer is a proponent of self-checkout despite uptick in theft

Ahold Delhaize unloaded FreshDirect after less than three years as it became clear how tough e-commerce is for grocers.

Fortune

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Etsy Announces Workforce Reduction of 225 Employees, CEO Cites 'Unfortunate' Timing

Etsy, alongside Mattel and Hasbro, are experiencing decreased sales even during the Christmas season due to inflation.

International Business Times UK

Online retailer Temu sues rival Shein, alleging ‘mafia-style intimidation’

Chinese-owned e-commerce firm reignites acrimonious legal battle and alleges Shein ‘bullied and intimidated’ suppliers

The Guardian - US

Amazon won't have to pay hundreds of millions in back taxes after winning EU case

Amazon won’t have to pay about $273 million in back taxes after European Union judges ruled in favor of the U.S. e-commerce giant

The Independent UK

Etsy Trims Workforce, Shares Plunge in E-commerce Storm

Dive down the rabbit hole as Etsy shares plunge! The artisanal e-commerce giant sculpts their workforce, creating ripples in the financial seas.

Top News

Etsy Stock Falls On E-Commerce Company's Plan To Cut 11% Of Staff

Etsy stock fell by as much as 7% Wednesday after the company announced plans to cut 11% of its staff, roughly 225 employees.

Investors Business Daily

The BIG B2B Catalogue: four ways e-commerce tech elevates brands

THE ARTICLES ON THESE PAGES ARE PRODUCED BY BUSINESS REPORTER, WHICH TAKES SOLE RESPONSIBILITY FOR THE CONTENTS

The Independent UK

JD.com's billionaire founder tells employees not to 'lie flat' as Temu-owner PDD catches up to him and Alibaba founder Jack Ma

"We need to change, or there’s no way out for our company," JDD founder Richard Liu wrote in a post on the company's internal forum.

Fortune

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Fortune

TikTok is spending $1.5 billion on a joint venture to solve the problem of Indonesia's surprise social media shopping ban

In September, Jakarta banned social media platforms like TikTok and Facebook from offering e-commerce services on their social media platforms.

International Business Times

TikTok Announces $1.5 Bn Deal To Restart Indonesia Online Shop

TikTok on Monday announced a $1.5 billion investment in GoTo in a deal that would allow the Chinese-owned short video app to restart its online shop in Indonesia.

International Business Times

TikTok Announces $1.5 Bn Deal To Restart Indonesia Online Shopping Business

Chinese-owned short video app TikTok on Monday announced a $1.5 billion investment in GoTo group in a deal that would allow it to restart its online shop in Indonesia, the companies said in a statement.

The Independent UK

Amazon asks federal judge to dismiss the FTC's antitrust lawsuit against the company

Attorneys for Amazon have asked a federal judge to dismiss the Federal Trade Commission’s antitrust lawsuit against the e-commerce giant

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StockNews.com

Are These 4 Software Stocks a Buy or Hold Opportunity for December?

The software industry thrives, propelled by e-commerce, AI, IoT, and the evolution of remote work. However, amid this buoyant growth narrative, the software sector is not without its challenges. So, let's take a closer look at software stocks Constellation (CNSWF), SS&C Technologies (SSNC), HubSpot (HUBS), and C3.ai (AI) to determine…

Investors Business Daily

Shopify Investor Day Draws Mixed Reviews From Analysts. Wedbush Downgrades SHOP.

Wedbush downgraded Shopify stock to neutral after the company's investor day won mixed reviews from Wall Street analysts.

Barchart

Up 87% YTD, Is It Too Late to Buy MercadoLibre Stock?

E-commerce and fintech company Mercadolibre has had quite a year, yet has more room to grow with the expanding e-commerce market. With its stock down from its high, it could be a good buying opportunity for long-term investors.

Evening Standard

Gamified shopping and £1 deals: the unstoppable rise of 'Chinese Amazon' Temu

The Shanghai-based e-commerce platform racked up 15.2 million monthly active UK users in October and its founder is the 25th richest man in the world. But can it really kill off Amazon for good? Simon Hunt reports

International Business Times

Top 5 Best Shopify Alternatives, Competitors, And Pricing In 2024

Are you looking for the best Shopify alternatives? Discover the top 5 Shopify competitors in 2024, along with their pricing, pros, and cons.

Investors Business Daily

Why Chinese E-Commerce Giant Temu's Challenge To Amazon Is Boosting Meta

Temu's big spending on Facebook and Instagram ads has captured the attention of Meta stock analysts on Wall Street.

International Business Times

Top 8 Best Leadpages Alternatives, Competitors And Pricing For 2024

In this article, we have created a comprehensive list of the top 8 Leadpages alternatives, competitors and their pricing for 2024.

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