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The Latest Breaking News from e-commerce

California launches suit against Amazon alleging anticompetitive contracts with retailers

California Attorney General Rob Bonta announced a lawsuit against Amazon on Wednesday, accusing the Seattle-based e-commerce giant of anticompetitive behavior in its dealings with third-party merchants.

Los Angeles Times

Mark Wright's fitness app 'hit by £20k loss after work colleague goes bankrupt'

Former TOWIE star Mark Wright is reportedly facing £20k losses over his fitness app Live Wright after e-commerce company Catalyst Global goes into liquidation

Daily Mirror

TNL Media Group Announces the Acquisition of iCook, Symbolizing Their Entry Into E-commerce as Well as a Giant Addition to the Group’s App and Paid Subscription Business

TNL Media Group officially announces their acquisition of the leading food and recipe lifestyle media iCook. Besides increased readership scale and new products that can be offered to readers, this acquisition symbolizes a crucial next step to rapidly expand the group’s existing paid subscription business and enter e-commerce services.

The News Lens

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Live chat boosts social commerce sales

Sales volume via social commerce is expected to surge, equalling e-marketplaces within a few years thanks to the popularity of live and chat commerce and the high penetration rate of social media users in the country, says Zortout, an e-commerce solutions provider.

Bangkok Post

Amazon poised to dethrone Ebay as Australia’s top online retailer

Australia’s e-commerce industry is standing at the precipice of a monumental shift, as new data predicts Amazon is on track to dethrone Ebay.

The New Daily

Saudi Arabia Unveils 10 Initiatives to Develop Online Stores

The Saudi Ministry of Commerce announced on Wednesday 10 initiatives to develop the sector of electronic stores, based on the results of a survey that measured consumer satisfaction with the performance of e-commerce in the Kingdom. The study, which surveyed more than 6,000 people, highlighted four main challenges facing consumers,…

Asharq Al-Awsat

How self-service business intelligence is changing the retail industry

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The Independent UK

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Stock Splits Led To Big Gains In Tesla And Apple, But Amazon Stock Has Underperformed: Will The E-Commerce Giant Try A Spinoff Next?

Stock splits have become increasingly popular among mega-cap companies with lofty share prices as splits often lead to increased attention and an appreciation in underlying stock prices, but Amazon.com Inc (NASDAQ: AMZN) has not seen said benefits since announcing a split in March.

Benzinga

Central Group plans $1.3bn push in Europe after Selfridges

Thailand's biggest retailer Central Group said on Tuesday it planned to expand its footprint in Europe further with investments worth nearly €1.3 billion euros (US$1.29 billion) over five years in new stores, upgrades and e-commerce.

Bangkok Post

Lazada ready for push into Europe

Lazada is preparing to make its first foray into Europe, building on the success of the Alibaba-owned e-commerce platform in Southeast Asia, as it seeks to take on rivals such as Amazon.com and Zalando.

Bangkok Post

True in metaverse tie-up with Zepeto

SET-listed telecom operator True Corporation has entered into an exclusive partnership agreement with South Korean metaverse platform Zepeto as part of its strategy to strengthen its digital ecosystem of telecommunications, content, and e-commerce.

Bangkok Post

Walmart’s online grocery lead on Amazon and Instacart is strengthening

Walmart holds a comfortable lead as the largest online U.S. grocer, according to the new national e-commerce forecast from Insider Intelligence, but there’s a fierce battle for No. 2 between Amazon and Instacart.

Tribune News Service

PIN code @50 years

The system of postal code may not be operationally relevant in the new role of post offices

The Hindu

Poll finds digital gains

The country's digital transformation push via government policies has resulted in an increase in several digital indicators, including internet access, active users, trust and e-commerce development, according to the Thailand Digital Outlook 2022 survey.

Bangkok Post

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Bangkok Post

Retail e-commerce to hit B4tn in 2025

Thailand's retail e-commerce market is expected to reach 4 trillion baht in 2025, up from 817 billion this year, while online sales through virtual space, known as meta-commerce, is tipped to be a future trend, says Kulthirath Pakawachkrilers, newly appointed president of the Thai e-Commerce Association (Theca).

The Guardian - US

Chinese behemoth Pinduoduo to take on Amazon in US – with even worse labor practices

One of the world’s biggest e-commerce companies is known for rock-bottom prices – and allegedly brutal conditions

Asharq Al-Awsat

TikTok Stars Boycott Amazon in Activism Push

TikTok influencers boasting collectively more than 51 million followers say they won't work with Amazon until the e-commerce colossus delivers key concessions to workers and halts anti-union efforts. It's the latest example of creators lending their online stage to a cause on the massively growing platform more known for dance…

Benzinga

Hub Group Acquires Fulfillment Solutions Provider Tagg Logistics

Hub Group, a provider of transportation and logistics management solutions, on Monday announced that it acquired e-commerce, business-to-business and omnichannel fulfillment company Tagg Logistics for $103 million in cash.

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Benzinga

GigaCloud Joins Wall Street Parade of China Meme Stocks

Key Takeaways: GigaCloud’s shares quadrupled in their New York trading debut, as the company became the latest newly listed Chinese stock in the U.S. to post massive early gains

Asharq Al-Awsat

Gulf E-commerce Company Noon to Buy Fashion Venture Namshi

Dubai's Emaar Properties said on Saturday it is selling fashion e-commerce venture Namshi to Noon, an e-commerce company backed by Dubai billionaire Mohamed Alabbar and Saudi Arabian sovereign fund the Public Investment Fund (PIF). Emaar said in a bourse filing its board has in principle approved the sale, which values…

Benzinga

Secoo's Online Luxury Dream Ends in Bankruptcy, Sea of Discontent

Key Takeaways: Online luxury goods reseller Secoo has filed for bankruptcy after its business stumbled under Covid-related disruptions and internal missteps Company’s Nasdaq-listed shares now trade at around $0.24, a fraction of the $13 they sold for in better times at its 2017 IPO By Shirley Lau

Bangkok Post

LINE Shopping gears up to attract more merchants

LINE Thailand is gearing up to attract sellers to its e-commerce platform Line Shopping to strengthen its leading position in social commerce amid intensifying competition with short-video platform TikTok recently joining the fray.

Motor1

Car Buying Is Undergoing A Digital Revolution

How we buy and sell average cars is changing dramatically and rapidly, and e-commerce is coming for luxury and supercars next.

Asharq Al-Awsat

H&M Returns to Alibaba’s Tmall, 16 Months After Xinjiang Controversy

Swedish fashion giant H&M's (HMb.ST) official store on Alibaba's (9988.HK) Tmall e-commerce platform has re-opened, 16 months after the Chinese site took it down following the brand's criticisms of human rights abuses in Xinjiang. The re-opening was first noticed by Chinese netizens and confirmed by a Reuters search of the…

Benzinga

Qantas Converting More Aircraft For Freight To Meet E-Commerce Demand

Australian flag carrier Qantas said Monday it will procure six Airbus A321 standard aircraft and convert them to freighters as replacements for smaller, older Boeing cargo jets to keep pace with the huge upswing in cargo volumes powered by e-commerce.

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