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The Latest Breaking News from e-commerce

Dubai Courier Firm Aramex Buys Florida MyUS for $265 Mln

Dubai-listed courier firm Aramex said on Wednesday it had bought Florida-based e-commerce company Access USA Shipping LLC (MyUS) for about $265 million in an all-cash deal. The transaction, after having obtained all the necessary regulatory approvals, marks Aramex’s largest acquisition to date, it said. Abu Dhabi sovereign wealth fund ADQ…

Asharq Al-Awsat

Uneven recovery hinders sector's growth

Thailand's e-commerce is expected to post US$23 billion in gross merchandise value (GMV) this year, up 18% year-on-year, but the growth is much smaller than the previous year, weighed down by economic headwinds, according to a new survey by Facebook parent firm Meta and consultancy Bain & Company.

Bangkok Post

More women entrepreneurs mean less global poverty

Entrepreneurship is an engine of economic growth but it can only move into top gear when there are more women.

360info

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Shift from promotions to profit

After a decade of fierce battle in the e-commerce industry, offering huge promotions, subsidies and discount campaigns, the competition is expected to cool down as operators focus on profit and sustainable growth instead of burning cash to attract users.

Bangkok Post

Amazon workers in San Bernardino allege anti-union actions and retaliation

LOS ANGELES — A group of workers at an Amazon air freight hub in San Bernardino that has been pushing for a $5-per-hour pay increase and more robust safety measures accused the e-commerce giant of unfair labor practices in a Thursday filing with the National Labor Relations Board.

Los Angeles Times

2 Internet Stocks You'd Be Better off Buying Than Amazon

The stock market has been witnessing wild swings amid the consecutive Federal rate hikes. E-commerce giant Amazon (AMZN) lost more than 30% in 2022. Moreover, its bottom-line position looks concerning. However, investors looking to invest in internet stocks could consider buying TripAdvisor (TRIP) and Yelp (YELP) instead, which have outperformed…

StockNews.com

TikTok going big on US e-commerce? Job listings offer clues

TikTok appears to be deepening its foray into e-commerce

The Independent UK

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TikTok chases Amazon with plans for U.S. fulfillment centers

New job listings suggest the video-sharing service wants to own the logistics for its e-commerce operation.

Axios

Is This Second-Hand Fashion Stock a Buy Amid Buyout News?

Leading online-fashion marketplace operator Poshmark (POSH), which grew significantly during the pandemic, is incurring huge losses lately, and its growth has slowed down over the past few quarters. The company recently announced that it would be acquired by the Korean e-commerce company Naver. Is it wise to buy this stock…

StockNews.com

Internet Blackout Damages Iran’s Post, E-Commerce

The National Iranian Post Company announced Sunday it is assessing its profits as Iranian authorities continue to block access to mobile networks and communication platforms as a means to curb the raging protests. Iran restricted access to Instagram and WhatsApp despite warnings that internet blackout would disrupt the retail ecommerce…

Asharq Al-Awsat

Cross-Border E-commerce Trader Zibuyu Files for IPO Despite Sinking Profits

Key Takeaways: Cross-border e-commerce company Zibuyu has filed for a Hong Kong IPO, but could be undermined by its heavy reliance on Amazon and the U.S. market The company’s first-half profit plunged 46% as its merchandise return rates and costs both rose sharply By Stone Shek

Benzinga

Labor Shortage Spurs Drive To Automate Warehouses

Amazon is leading the automation drive as e-commerce customers demand faster deliveries.

Investors Business Daily

Internet Blackout in Iran Threatens 400,000 Professions, Risks Unemployment of 1 Million Iranians

The E-Commerce Association in Tehran warned Thursday of a new collapse in the labor market. It said that 400,000 Iranian businesses were at risk of going bust and one million people will likely lose their jobs as a result of the internet blackout. The Association issued a statement on its…

Asharq Al-Awsat

Scottish businesses are 'missing out on export opportunities'

New research from a Chinese e-commerce giant suggests that the biggest barrier is paperwork and customs rules

Insider UK

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Asharq Al-Awsat

Saudi Arabia Penalizes 24 Promoters for Violating E-Advertisement Rules

Saudi Ministry of Commerce has arrested 24 advertisers for violating e-advertising controls stipulated in the e-commerce law and its executive regulations for social media platforms. The promoters committed four violations on Snapchat, Twitter, Instagram, and TikTok, including deceiving and misleading consumers, false allegations, promoting unlicensed activity, and failure to disclose…

Daily Mirror

Toys R Us website finally returns to UK - just weeks before Christmas

The e-commerce platform is currently selling around 14,000 toys from over 100 suppliers. It offers free delivery on all orders over £20 and next-day delivery on all orders placed before 6pm

The Hindu

Webinar on e-commerce

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StockNews.com

1 Stock You Shouldn't Waste Your Time on This Fall

Mobile e-commerce platform ContextLogic (WISH) has seen its share price fall over the past year due to investor skepticism about the company's poor fundamentals and bleak growth prospects. Furthermore, the company expects sluggish growth due to changing consumer spending patterns. Therefore, we think the stock is best avoided now. Read…

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The Independent UK

Indian company announces 11-day mental health break for its employees

E-commerce platform Meesho says employees would like ‘much-needed time off to reset and recharge’

Bangkok Post

Shopee inks pact to help empower SMEs

The Commerce Ministry's International Trade Promotion Department on Monday signed a Memorandum of Understanding (MoU) with Shopee, an e-commerce platform, to empower small and medium-sized enterprises (SMEs) to showcase their quality products and sell their products online.

Bangkok Post

Asean to top export growth

Asean is expected to lead the world in terms of export growth from 2021 to 2026, followed by South and Central Asia, according to a report by global logistics provider DHL.

France 24

Online payments: A headache for Ivory Coast’s e-merchants

The e-commerce market is booming in Ivory Coast, French-speaking Africa’s largest economy. Currently worth around €46 million, it’s set to grow even more in coming years alongside the population. However, e-traders face a host of systemic challenges, from high transfer fees to restrictions on global online payment platforms such as…

The Hindu

Bombay High Court stays order directing Facebook to pay man for non-delivery of product

The Commission had directed the companies to pay ₹599 for non-delivery of a product purchased online and ₹25,000 for causing mental agony

Irish Mirror

King Charles' reaction when man asks him for beer goes viral

The new monarch was shown to have a witty side much like his late mother, Queen Elizabeth, as he replied to the senior e-commerce specialist from Birmingham

France 24

California sues Amazon for anti-competitive practices

The US state of California has filed a lawsuit against Amazon, accusing the e-commerce giant of violating its antitrust law by blocking price competition and making online shopping more expensive for consumers. The lawsuit is limited to California, but, if successful, could trigger similar action in other states. Plus, inflation…

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