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The Latest Breaking News from e-commerce

NY agency files discrimination complaint against Amazon

A state agency in New York has filed an administrative complaint against Amazon, alleging the e-commerce giant discriminated against pregnant and disabled workers by denying them “reasonable accommodations” and forcing them to take unpaid leave

The Independent UK

JD.com Quarterly Growth at Eight-Year Low Amid Virus Restrictions

E-commerce giant’s revenue beats estimates despite nationwide consumption slump amid lockdowns and snarled logistics

Caixin Global

SERP-Flipkart tie-up mooted in Jangaon district

WARANGAL

The Hindu

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Warehouses thrive as e-commerce booms

With an improving pandemic outlook, the logistics and warehouse sector is continuing to grow, mainly attributed to robust e-commerce business and rising demand from the electronics and automotive industries following the country's reopening.

Bangkok Post

Why NextPlat Are Trading Higher After Hours

NextPlat Corp (NASDAQ:NXLP) reported a first-quarter net sales increase of 144% year-over-year to $3.58 million, driven by continued strong global demand for satellite-based connectivity and communications products and services. The Company achieved triple-digit growth across several key markets, all-time high average transaction values, and a record increase of 750% in direct non-eCommerce…

Benzinga

Thai market holds promise for eBay

Global e-commerce giant eBay says it sees increasing potential for various export products from Thailand, particularly jewellery, diamonds, gemstones and collectable cards, while the company is stepping up efforts to onboard suppliers of these items.

Bangkok Post

Is ContextLogic a Buy Under $2?

Currently trading at $1.54, popular mobile e-commerce platform ContextLogic (WISH) has seen its shares tumble in price over the past month on investor pessimism surrounding the company’s unimpressive first-quarter performance. And given that WISH continues to grapple with multiple near-term headwinds, is it worth betting on the stock at its…

StockNews.com

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Tech Titans Curb Hiring in a 'Challenging Macro Environment'

From e-commerce colossus Amazon to social networking star Facebook, US tech firms that once grew with abandon have reined in hiring to endure tumultuous times. Internet giants that saw business boom during the pandemic have taken a hit from inflation, war, supply-line trouble and people returning to pre-Covid lifestyles, said…

Asharq Al-Awsat

Alibaba Downsizes Russia Joint Venture Workforce By 40% Amid Geopolitical, Regulatory Uncertainty

Alibaba Group Holding Limited's (NYSE:BABA) joint venture in Russia has laid off about 40% of employees, Nikkei Asia reports. It was not clear if there would be more layoffs after some of the laid-off staff chose to leave voluntarily and a few relocated, Reuters reports. Alibaba and Russian partners launched AliExpress Russia joint…

Benzinga

CLSA Expects SoftBank To Focus More On Buybacks Than High Growth Stocks Like Alibaba

Softbank Group Corp (OTC:SFTBY) (OTC:SFTBF) may, for the first time, spend more on share buybacks than investments through its landmark Vision Fund as the firm goes into "defense" mode, according to CLSA's Oliver Matthew. "I think that the comments yesterday from Masayoshi Son made it very clear we're in defense round…

Benzinga

Alibaba's first Thailand data centre goes live

Alibaba Cloud, the cloud computing service arm of Chinese e-commerce giant Alibaba Group, has launched its first data centre in Thailand to capitalise on the country's cloud market and support the nation's 20-year strategic plan.

Bangkok Post

COVID fuels e-commerce. In search of future opportunities

Ready for e-commerce in 2022

Bangkok Post

Two Staffordshire firms join forces in seven-figure acquisition

The deal will take Unknown Marketing and MOOT Group's combined projected turnover to £50 million in 2022

Birmingham Post

LINE Shopping targets hefty growth this year

Social commerce platform LINE Shopping targets 150% growth in the number of participating shops and a rise of 200% in gross merchandise value (GMV) this year, thanks to dynamic growth activities connected to social commerce, which now accounts for 61% of total e-commerce value.

Bangkok Post

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StockNews.com

5 Stocks to Avoid on a Slowdown in E-Commerce Sales

Amid vexing inflation and hawkish federal monetary policy stance, the e-commerce sector suffered a significant earnings decline in its latest quarter. Given the bearish market sentiment, we think it could be wise to now avoid overvalued e-commerce stocks Etsy (ETSY), eBay (EBAY), Shopify (SHOP), Amazon.com (AMZN), and Wayfair (W). Read…

Benzinga

Why Did The Nasdaq Index Fall 5% On Thursday?

The Nasdaq Composite Index, the benchmark for technology stocks in the US, fell to its lowest level since November 2020 on Thursday, May 5, which can be attributed to a number of factors, including lacklustre earnings from e-commerce firms like eBay (NASDAQ: EBAY) and macro-economic factors like the Federal R

Bangkok Post

The Tech Industry's Epic Two-Year Run Sputters

The technology industry, which powered the U.S. economy during the pandemic and grew at tremendous scale during a decade of ultralow interest rates, is confronting one of the most punishing stretches in years.

Reuters

Thai army boycotts online retailer Lazada after video enrages royalists

The Thai army said on Monday it will ban its 245,000 members from using one of Southeast Asia's biggest e-commerce websites for official purposes after royalists said a promotional video appeared to mock the royal family.

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Reason

Quoting Alleged Threat and Calling It a Threat Isn't Libel

From Bowen v. Van Bramer, decided Tuesday by the N.Y. intermediate appellate court (Justices Mark Dillon, Francesca Connolly, Valerie Brathwaite Nelson, and Lara Genovesi): In February 2019, amid public criticism, e-commerce giant Amazon cancelled its plans to build a second corporate headquarters in the Long Island City area of Queens.…

Bangkok Post

Warning issued after Lazada video flap

Authorities on Saturday warned against the creation of online content that risked insulting the monarchy, after a video by a social media influencer promoting the e-commerce platform Lazada incensed royalists.

Reuters

Thailand urges care over content as Lazada promotion angers royalists

Thailand on Saturday warned against the creation of online content that risked insulting the country's monarchy, after a video by a social media influencer promoting e-commerce platform Lazada incensed royalists, who said it was mocking the palace.

Investors Business Daily

Stock Market Jumps, Then Dives After Fed Rate Hikes As Treasury Yields Soar: Weekly Review

The stock market rallied to start the week, initially soaring on Fed chief Jerome Powell's comments, but then dived as Treasury yields spiked.

Benzinga

As Amazon Struggles, This Latin American E-Commerce Retailer Smashes Q1 Estimates

E-commerce giant Amazon, Inc. (NASDAQ: AMZN) reported first-quarter results in April that showed the slowest revenue growth since the dot-com bubble burst in 2001, and issued a weak forecast for the June quarter.

StockNews.com

Better Buy: Alibaba vs. JD.com

In this article I will analyze and compare Alibaba Group Holding (BABA) and JD.com (JD) to determine which Chinese e-commerce stock is currently a better buy.

Benzinga

Why Qurate Retail Shares Are Plunging Today

Qurate Retail Inc (NASDAQ:QRTEA) reported a first-quarter FY22 revenue decline of 13.6% year-on-year to $2.88 billion, missing the consensus of $3 billion. The e-commerce revenue declined 14% to $1.8 billion, constituting 61% of total revenue. QxH revenue decreased 13%, QVC International fell 13%, Zulily shed 38%, and Cornerstone increased 19%. The operating margin…

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Thanakorn Wangboonkongchana

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