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The Latest Breaking News from e-commerce

Prime reason to sue Amazon for catching customers in its web

A high profile lawsuit against e-commerce giant Amazon over so-called “dark patterns” will be familiar to regulators in Australia.

The New Daily

Many hoteliers in Bengaluru keen to get on ONDC platform to bring down service charges and commission cost

Tired of paying high service charge on food aggregator apps? Order on Open Network Digital Commerce (ONDC) to get your orders at lesser prices, many restaurateurs and hoteliers are saying now. With this e-commerce platform, consumers can save up to 20% of their cost when compared to other food aggregator apps.…

The Hindu

Chinese e-commerce giant Alibaba announces new CEO and chairman in major management reshuffle

China’s Alibaba Group has announced a major management reshuffle as the e-commerce giant restructures into six different business divisions to adapt to fast-changing technologies

The Independent UK

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read the most diverse news in one place.

Former Sainsbury's boss backs Snappy Shopper to prevail in delivery wars

The e-commerce group's latest results more than 50% year-on-year growth

Insider UK

Chinese online shoppers are enticed by deep discounts, payment plans as zest for spending lags

Shoppers were treated to deep discounts, new products and payment plans as online merchants sought to revive their sluggish appetite for spending during China’s first major online shopping festival after the end of zero-COVID policies

The Independent UK

Consumption soft even amid deep discounts during major China shopping festival, analysts say

Chinese consumers have been snapping up billions worth of items in China’s first major online shopping festival after emerging from the pandemic as merchants slash prices, but analysts say that consumer confidence still remains weak as China re-emerges from the pandemic

The Independent UK

Gear celebrating special counsel Jack Smith is hot as Dems embrace Trump foe

E-commerce shops are filling up with merchandise celebrating the Trump prosecutor.

Axios

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Google is weaving generative AI into online shopping features

Google is bringing generative AI technology to shopping, aiming to get a jump on e-commerce sites like Amazon.com Inc.

Tribune News Service

ContextLogic (WISH): Buy or Sell?

In April, e-commerce company ContextLogic (WISH) announced a stock repurchase program and a 1-for-30 reverse stock split. With significant implications of the developments for the stock, would it be wise to buy it now? Let’s look at its financial metrics to answer that….

StockNews.com

Honda customer data could have been accessed by anyone

A researcher finds a major flaw in Honda's e-commerce platform and accesses sensitive customer data

TechRadar

UK PM Rishi Sunak in Washington to push for tighter UK-US economic cooperation

Prime Minister Rishi Sunak visits Washington as the UK looks for closer economic ties after leaving the EU. China denounces Europe's new "economic weapon" aimed at preventing Beijing from putting trade pressure on EU members over support for Taiwan, and TikTok aims to quadruple its e-commerce revenues.

France 24

Chinese E-Commerce Companies Undercut by Weak Chinese Economy and Increased Competition

The faltering recovery in China has spurred investors to raise their bearish wagers on Chinese e-commerce stocks. For example, short interest in PDD Holdings (PDD ) has risen to about 8% of total shares outstanding, according to IHS Markit data. That’s higher than e-commerce peers JD.com (JD ) and Alibaba...

Barchart

How the 'Amazon of Asia,' founded by a Harvard dropout, landed on the Fortune 500

Newly-profitable Coupang, which serves customers in South Korea and Taiwan, joins the Fortune 500 list at No. 195.

Fortune

Is Alibaba (BABA) a Good Buy?

Over the last two years, the e-commerce giant Alibaba (BABA) was hit by heavy regulatory scrutiny, brutal competition, and China’s slowing economy. But the stock got a lift this year after the nation’s Covid reopening and easing of regulatory woes. Furthermore, the company announced a restructuring plan designed to enhance…

StockNews.com

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StockNews.com

Should You Buy ContextLogic (WISH)?

Despite dire earnings forecast for the current year, the e-commerce platform operator ContextLogic (WISH) exhibits a more than 20% potential upside in its stock price. Would it be wise to buy the stock now? Let’s look at its financial metrics to find the answer….

The Hindu

E-commerce growth creates robust demand for warehouses around Chennai

The demand for warehousing spaces in Tamil Nadu is rising and newer locations are emerging in this space

The Hindu

Amazon Labour Union an inspiring starting point, says Justine Medina

Formation of a labour union at e-commerce behemoth Amazon was assumed to be next to impossible, until the Amazon Labor Union (ALU) pulled off just that at the company’s major warehouse at Staten Island in the U.S. in April 2022, with a majority of the workers voting ‘yes’ for the…

The News Lens

Chunghwa Post Expands ePacket Service to Russia 22 Countries(regions) are in Service

With the rapid development of e-commerce in recent years, businesses have been using the borderless nature of the internet to expand their markets and increase business opportunities by selling various goods and services overseas.

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news in one place.

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The Hindu

Delivery boy falls from third floor after pet dog chase; owners booked

Police said Mohd Iliyas, 30, who works for an e-commerce website, was delivering groceries in Panchavati Colony on Sunday afternoon when the customer’s dog, a labrador, allegedly chased him.

The Independent UK

Alibaba approves cloud computing unit spin-off, prepares for grocery and logistics arms to go public

Chinese e-commerce company Alibaba Group Holding on Thursday said that it plans to spin-off of its cloud computing unit and that its logistics and grocery units would begin exploring initial public offerings, as the e-commerce firm kickstarts a restructuring process of its businesses aimed at spurring growth

Barchart

How High Could Amazon Stock Rise?

Amazon stock has see impressive gains in 2023, already up close to 40% year-to-date. Can the e-commerce and cloud computing leader continue to deliver market-beating gains to long-term investors?

Fortune

Target CEO: DEI has ‘fueled much of our growth over the last 9 years’

CEO Brian Cornell says doing what's right for employees and the company culture adds value for shareholders.

France 24

French unemployment stays at lowest level since 1982

France's jobless rate has been steady at 7.1 percent since the last quarter of 2022 – the lowest level since 1982. Youth unemployment stands at more than 5 percentage points below pre-pandemic levels. The new data could boost President Emmanuel Macron's economic credentials as he seeks to achieve full employment.…

The Guardian - US

Noise, pollution, danger: how Amazon warehouses upended a sleepy New York neighborhood

Residents hope traffic, emissions and noise data they are analyzing with the Guardian will help rein in the spread of e-commerce facilities

The Hindu

Centre issues order against top e-commerce platforms for selling seat belt alarm stopper clips

The Centre issued an order against Amazon, Flipkart, Snapdeal, Shopclues and Meesho for selling car seat belt alarm stopper clips

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