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The Latest Breaking News from e-commerce

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

New Oriental Emerges from Carnage of Education Cleanup

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

Alibaba tools help vendors cash in on 11:11 festival

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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Pinduoduo Finds Early Success in U.S. E-Commerce. Now Comes the Hard Part

Key Takeaways: Nearly two months after its launch, Pinduoduo’s cross-border e-commerce Temu app is among the top U.S. e-commerce apps based on new download rankings Despite its early success, the app will face a series of challenges in its target U.S. market, including cutthroat competition and high marketing expenses

India needs to follow Chinese e-commerce model for effective taxation, integrating rural economy: Arun Kumar

NEW DELHI: India needs to follow the Chinese e-commerce model rather than following the US model for effective taxation and integrating small vendors, especially in rural areas, suggested a noted economist Arun Kumar on Friday.

The Times of India

Omni-channel retail evolution

E-commerce has grown rapidly over the past five years, with expansion accelerating since the pandemic. Though growth has moderated from pandemic highs as restrictions on activity recede, the property services firm CBRE expects future expansion in Asia-Pacific to continue to outpace the rest of the world.

3 Solid Retail Stocks to Buy in Q4 and 1 to Sell

The retail industry continues to do well despite surging commodity prices, supply chain disruptions, and labor shortages, thanks to the expansion of e-commerce. Therefore, fundamentally strong retail stocks, such as Buckle, Inc. (BKE), J.Jill, Inc. (JILL), and Movado Group (MOV), could be promising investments. On the other hand, avoiding The…

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Dubai Courier Firm Aramex Buys Florida MyUS for $265 Mln

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

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.

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.

Shift from promotions to profit

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.

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

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…

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

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.

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…

Asharq Al-Awsat

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…

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

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Asharq Al-Awsat

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…

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

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…

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

Webinar on e-commerce

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…

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’

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