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JD.com founder says firm is ‘bloated’, as China e-commerce giants face pressure
By Casey Hall and Sophie Yu SHANGHAI/BEIJING (Reuters) – The founder of JD.com told staff he acknowledged the e-commerce giant was too large and inefficient and vowed to instil change, in response…
Black Friday Sales Show Modest Increase, E-Commerce Gains Prominence
NEW YORK – Mastercard SpendingPulse reported a 2.5% increase in U.S. retail sales on Black Friday compared to last year, excluding automotive sales. This figure, not adjusted for inflation, fell short of…
Exclusive-TikTok, YouTube, Meta eye Indonesia e-commerce licenses- sources
By Stanley Widianto and Fanny Potkin JAKARTA – TikTok and YouTube are considering joining Meta in applying for e-commerce licenses in Indonesia after Southeast Asia’s largest economy banned online shopping on social…
Russian e-commerce firm Ozon notifies Nasdaq of delisting intention
MOSCOW (Reuters) -Russian e-commerce firm Ozon said on Friday it had notified Nasdaq of its intention to delist its American depositary shares (ADSs), ending a near-three association with the U.S. exchange. Ozon,…
China’s e-commerce discount race to the bottom puts incumbents under pressure
By Casey Hall SHANGHAI (Reuters) – Discount e-commerce is set to dominate globally during the critical upcoming holiday shopping season in the West and Singles’ Day in China, analysts said. Platforms in…
Flexport unveils e-commerce tools as returned CEO aims to regain profitability
By Lisa Baertlein LOS ANGELES (Reuters) – Logistics startup Flexport on Tuesday unveiled services to make it easier for small businesses to import, store and restock goods they sell on e-commerce marketplaces…
TikTok won’t launch cross-border e-commerce services in Indonesia amid concerns
By Stanley Widianto and Josh Ye JAKARTA/HONG KONG (Reuters) – TikTok said it has no plans to roll out a cross-border business in Indonesia as a government minister on Thursday expressed concerns…
Startup e-commerce platform Temu expands to Japan
SHANGHAI (Reuters) – Ultra low-cost e-commerce platform Temu, owned by PDD Holdings, has started selling to Japan, marking its first foray into the Asian market. The marketplace, the sister site of Chinese…
Chinese e-commerce giants entice cautious consumers with steep mid-year discounts
By Casey Hall and Sophie Yu SHANGHAI (Reuters) – China’s e-commerce platforms are competing fiercely in the country’s first major shopping festival after the pandemic, offering steep discounts to entice frugal consumers…
EU seeks to simplify customs system, tighten up on e-commerce
By Philip Blenkinsop BRUSSELS (Reuters) – The European Commission proposed on Wednesday a reform of customs rules for the surge of incoming packages ordered online and to cope with increased environmental and…
Brazil to end tax exemption on international orders, targeting Asian e-commerce giants
BRASILIA (Reuters) – Brazil’s government announced on Tuesday it would end a tax exemption on international orders up to $50 as part of an effort to tax purchases from global retail giants.…
Brazil targets Asian e-commerce giants, local companies in tax push
BRASILIA (Reuters) – Brazil will soon unveil tax measures, including a crackdown targeting Asian e-commerce giants and curbs on some company tax benefits, as it looks to raise more than 100 billion…
E-commerce firm Boxed Inc files for bankruptcy, eyes software unit sale
(Reuters) – Boxed Inc filed for Chapter 11 bankruptcy protection and was pursuing sale of its software business, the e-commerce grocery platform said on Sunday, adding that it will also wind down…
Exclusive-Hedge fund Hestia wants Pitney Bowes to review capital spend, e-commerce segment
By Svea Herbst-Bayliss NEW YORK (Reuters) -Hestia Capital Partners LP, which scored big gains on its GameStop bet, is pushing shipping and mailing company Pitney Bowes Inc to re-evaluate its capital allocation…
UPS could keep outpacing FedEx as e-commerce delivery market dims
By Lisa Baertlein and Shivansh Tiwary (Reuters) – United Parcel Service investors want to see this week how the delivery giant is managing through the bursting e-commerce delivery bubble better than rival…
US Foods Launches the Most Advanced E-commerce Application in the Food Service Distribution Industry
MOXe Makes the Operator Experience Easier with An All-In-One Application That Offers Enhanced Speed, Confidence and Control Rosemont, IL (PRESS RELEASE) US Foods Holding Corp. (NYSE: USFD) announced the beginning of the…
2022’s holiday delivery challenge: softening e-commerce demand
By Lisa Baertlein LOS ANGELES (Reuters) – FedEx, United Parcel Service and other delivery firms that struggled with too much pandemic-fueled demand from online retailers like Amazon and Walmart, now have the…
Pinduoduo to launch international e-commerce platform next month – source
BEIJING (Reuters) – Chinese e-commerce giant Pinduoduo plans to launch a cross-border e-commerce platform next month which will target the United States as its first market, a source with direct knowledge of…
Gulf e-commerce company Noon to buy fashion venture Namshi – statement
By Hadeel Al Sayegh DUBAI (Reuters) – Dubai’s Emaar Properties said on Saturday it is selling fashion e-commerce venture Namshi to Noon, an e-commerce company backed by Dubai billionaire Mohamed Alabbar and…
Russian e-commerce firm Ozon launches own clothing brand
(This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine.) MOSCOW – Russian e-commerce firm Ozon said on Friday it was tapping into the online…
Shopify unveils new tools, Twitter tie-up to beat e-commerce slowdown
By Nivedita Balu (Reuters) – Shopify Inc has launched new tools to help its merchants sell to other businesses and on Twitter, as the Canadian tech giant attempts to shore up sales…
What is ONDC, India’s project for an open e-commerce network?
NEW DELHI – India’s government in April launched its Open Network For Digital Commerce (ONDC) as a prospective alternative to dominant global giants Amazon.com and Walmart in its fast-growing e-commerce market. Here…
India lines up banks for e-commerce effort to take on Amazon, Walmart
By Munsif Vengattil and Nupur Anand NEW DELHI -India’s effort to break Amazon Inc and Walmart Inc’s dominance of its e-commerce sector, by establishing its own open network, has begun lining up…
Plagued by default fears, Russian e-commerce player Ozon boosts spending
(Reuters) – Flagging escalating fears it may default on some corporate debt, Russian e-commerce player Ozon said it has increased its capital expenditure and seen free cash flow turn negative as it…
FedEx has ‘lucrative backdoor’ to bigger role in e-commerce, says Citi
(Reuters) – FedEx Corp can boost its profit by $1 billion annually if the delivery giant leverages its ShopRunner buyout and its partnership with Microsoft to deepen its e-commerce presence and cater…
PARCLL Announces Integration Partnership With EasyPost, Giving E-Commerce Merchants More Options to Add Capacity and Drive Growth
LOS ANGELES, April 1, 2022 — PARCLL, a leading global e-commerce logistics solutions provider and EasyPost, a premier shipping software solution, have announced a partnership that enables domestic and cross-border shippers to…
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