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The Latest Breaking News from e-commerce

Chinese billionaire Jack Ma living in Tokyo after China's crackdown against firms: Report

BEIJING: Chinese billionaire and e-commerce giant Alibaba founder Jack Ma who ran into trouble with the Chinese government over violating anti-monopoly regulations and kept a low profile since 2020 is now living in Tokyo for about six months, according to a media report on Tuesday.

The Times of India

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

Tech trends that are transforming the fashion world

From the invention of sewing machines to absorbing the rise of e-commerce, the fashion industry has been at the forefront of innovation. It is one of the biggest industries in the world and is projected to rack up to $3.3 trillion by 2030, thus growing faster than ever.

The Times of India

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Nykaa chief financial officer Arvind Agarwal quits

NEW DELHI: FSN E-Commerce Ventures, which operates under the Nykaa brand name, on Tuesday said its chief financial officer Arvind Agarwal has resigned from the company.

The Times of India

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

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

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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

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.

Bangkok Post

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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

The Times of India

Flipkart losses widened to over Rs 7,800 crore in FY22

NEW DELHI: E-commerce major Flipkart's losses widened to over Rs 7,800 crore in the financial year 2021-22 based on performance of its business-to-business unit Flipkart India and B2C e-commerce unit Flipkart Internet, according to regulatory filings.

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 Times of India

The men behind this chemical free personal care brand

In conversation with Dhruv Madhok and Dhruv Bhasin, whose story goes back to about more than half a decade. Two friends who identified the gap in the hair care and grooming segment and set out to bring about a safe alternative to style their hair - such as the one…

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

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