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The Latest Breaking News from e-commerce

BEES: Labatt’s New B2B Ecosystem Launches in Canada

Labatt’s game-changing e-commerce platform is transforming what a beer and beverage company can be

The Walrus

Easing in e-commerce market growth

Thailand's e-commerce market is expected to experience slower growth from this year's estimated 18%, dipping to single digits in 2023 as more shoppers return to stores after Covid infections eased, says the Thai E-Commerce Association (Theca).

Bangkok Post

Jobs with 'London-esque' salaries helping to attract tech workers at Amazon-owned firm in Swansea

The online retail giant liked the look of e-commerce firm Veeqo, which former Llanelli schoolboy Matt Warren founded nine years ago

Wales Online

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Exeter web design business Sellerdeck acquired by London tech group

The Devon firm specialises in software designed to help online retailers simplify and speed up sales processes

Birmingham Post

Cyber Monday deals lure in consumers amid high inflation

Days after flocking to stores on Black Friday, consumers are turning online for Cyber Monday to score more discounts on gifts and other items that have ballooned in price because of high inflation

The Independent UK

Govt Announces New Norms To Curb Fake Online Reviews Of Products, Services

E-commerce players like Amazon and Flipkart will have to voluntarily disclose all paid consumer reviews of products and services offered on their platforms. Read on for details:

Dynamite News

Amazon Confirms it Has Begun Laying off Employees

Amazon confirmed on Thursday that it is laying off staff, after days of rumors that the e-commerce behemoth would become the latest tech giant to unleash a large-scale redundancy plan amid a souring economic environment. "The economy remains in a challenging spot and we've hired rapidly the last several years,"…

Asharq Al-Awsat

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Japan, Thailand ink new economic partnership plan

Japan and Thailand on Thursday adopted a new economic partnership plan ranging from digital trade and e-commerce to quality infrastructure development in an effort to further enhance bilateral ties.

Bangkok Post

Digital Economy Gives New Impetus to Deepen Sino-Thai Relations

Nowadays, facing the overlapping impact of a great change that has not happened in a century and the pandemic of the century, the international situation is complex and turbulent, and all countries in the world are facing new problems and challenges in their developments.

Bangkok Post

Amazon slated to cut 10,000 corporate jobs amid slow consumer spending

After Meta and Twitter, Amazon is the latest e-commerce giant looking to reduce its payroll. Reports in The New York Times and other outlets say this is part of the company's drive to cut any lossmaking or underperforming units. The job cuts, which could represent as much as 3 percent…

France 24

RSS mouthpiece accuses Amazon of funding religious conversions in India

Two months after it accused Amazon of running fronts whose founders defamed India and the centre, RSS mouthpiece Organiser has now alleged that the e-commerce giant is funding religious conversions in the Northeast, according to the Indian Express.

Newslaundry

Amazon ‘to lay off up to 10,000 employees’ - up to 1% of global workforce

E-commerce giant reported to be latest US firm to make cuts amid global economic downturn

Evening Standard

China's muted Singles' Day shopping fest expects slow growth

China's biggest online shopping festival, Singles' Day, is muted this year with sales numbers expected to grow slowly amid an uncertain economy and COVID-19

The Independent UK

Gap Sells Money-Losing China Business to Baozun for $50 million

Chinese e-commerce services provider, a Gap partner since 2018, will get rights to design, make and sell Gap products in China

Caixin Global

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Bangkok Post

Thailand, Laos ink MoU covering post, digital tech

The Ministry of Digital Economy and Society (DES) on Monday entered into a memorandum of understanding (MoU) agreement with the Ministry of Technology and Communications of Laos to collaborate in the postal, digital infrastructure development, ICT and e-commerce fields for eight years.

Birmingham Post

New online marketplace for self-storage secures six-figure backing from North Wales business angels

Anglesey-based Explorage offers e-commerce for global storage providers and users

Birmingham Post

Gloucestershire tech firm raises £5m for hotel e-commerce platform

Cheltenham-based Journey Hospitality describes its software as the ‘Shopify for hotels’

Bangkok Post

Top influencers on China's version of TikTok are twin brothers with over 100m followers

Twin brothers who star in their own video skits about daily life have become the most popular influencers on Douyin, the Chinese version of TikTok, amassing more than 100 million followers in four years.

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Bangkok Post

Lazada committed to 'mega' campaigns

E-commerce platform Lazada is committed to investing in its "mega shopping campaigns" to stimulate purchases amid economic headwinds, while pursuing offline entertainment activities to engage with high-spending groups, particularly Gen Z.

Tribune News Service

Amazon freezes hiring levels in profitable advertising business

Amazon.com Inc. is freezing staffing levels in its profitable advertising business, according to a person familiar with the matter, showing that the world’s largest e-commerce company is taking more drastic measures to align expenses with slowing sales.

The Japan News/Yomiuri

Zozotown to open physical store in Tokyo

The operator of e-commerce clothing retailer Zozotown is to open a brick-and-mortar store in Tokyo.

Bangkok Post

Internet economy set to generate $35bn in 2022

Thailand's internet economy is expected to rise 17% year-on-year to US$35 billion in gross merchandise value (GMV) in 2022, driven by e-commerce, eventually reaching $53 billion in 2025, according to the "e-Conomy SEA 2022" report by Google, Temasek and Bain & Company.

Benzinga

Former Retail Star Gome Hobbled by Declining Revenue, Heavy Debt

Key Takeaways: Gome’s revenues are falling sharply despite gains for its online business, as tumbling sales at its brick-and-mortar stores lead to layoffs and closures

Benzinga

New Oriental Emerges from Carnage of Education Cleanup

Key Takeaways: New Oriental Education returned to profitability in its latest reporting quarter, as its revenue declines continued to ease The company’s new business mix after China banned K-12 tutoring in core curriculum areas includes non-academic tutoring and study abroad services By Doug Young

Bangkok Post

Alibaba tools help vendors cash in on 11:11 festival

Chinese e-commerce giant Alibaba Group Holding has vowed to support merchants with the necessary tools to help them succeed in its 11.11 global shopping festival, which was officially launched yesterday.

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