E-commerce giant Coupang to buy online luxury firm Farfetch
(Reuters) -New York-listed e-commerce giant Coupang plans to buy Farfetch Holdings in a deal that will provide the struggling online luxury fashion retailer with $500 …
e-commerce
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 …
Chinese e-commerce platform Temu drawing shoppers from US dollar stores -data
By Arriana McLymore and Granth Vanaik NEW YORK (Reuters) – Temu, the fast-growing Chinese e-commerce platform selling $4 home decor and $10 shirts, is successfully …
Prosus reports $2 billion in core earnings, sees e-commerce profitability earlier
By Toby Sterling AMSTERDAM (Reuters) -Prosus NV, a large technology investor, said on Wednesday its core headline earnings increased 118% in the first half of …
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, …
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 …
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 …
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’ …
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 …
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 …
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. …
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, …
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 …
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 …
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 …
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, …
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 …
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 …
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. …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
China objects to U.S. inclusion of Chinese e-commerce firms in ‘notorious markets’ list
HONG KONG – China does not agree with the U.S. government’s decision to include some e-commerce sites in its “notorious markets” list, calling the action …
Billionaire e-commerce mogul partners with SpaceX for 3 more crewed flights
By Steve Gorman LOS ANGELES – The billionaire e-commerce mogul who last year led the world’s first all-private space crew launched into orbit said on …