(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 million in capital to stay …
e-commerce
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In the News
JD.com founder says firm is ‘bloated’, as China e-commerce giants face pressure
by Reutersby ReutersBy 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, …
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In the News
Chinese e-commerce platform Temu drawing shoppers from US dollar stores -data
by Reutersby ReutersBy 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 taking on U.S. dollar stores …
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In the News
Prosus reports $2 billion in core earnings, sees e-commerce profitability earlier
by Reutersby ReutersBy Toby Sterling AMSTERDAM (Reuters) -Prosus NV, a large technology investor, said on Wednesday its core headline earnings increased 118% in the first half of 2024, citing improved profitability in …
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Breaking News
Black Friday Sales Show Modest Increase, E-Commerce Gains Prominence
by Phil Stiltonby Phil StiltonNEW 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 …
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In the News
Exclusive-TikTok, YouTube, Meta eye Indonesia e-commerce licenses- sources
by Reutersby ReutersBy 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 …
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In the News
Russian e-commerce firm Ozon notifies Nasdaq of delisting intention
by Reutersby ReutersMOSCOW (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. …
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Business News
China’s e-commerce discount race to the bottom puts incumbents under pressure
by Reutersby ReutersBy 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. …
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Business News
Flexport unveils e-commerce tools as returned CEO aims to regain profitability
by Reutersby ReutersBy 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 …
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Business News
TikTok won’t launch cross-border e-commerce services in Indonesia amid concerns
by Reutersby ReutersBy 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 …
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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 …
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Business News
Chinese e-commerce giants entice cautious consumers with steep mid-year discounts
by Reutersby ReutersBy 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 …
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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 …
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Business News
Brazil to end tax exemption on international orders, targeting Asian e-commerce giants
by Reutersby ReutersBRASILIA (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 …
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Business News
Brazil targets Asian e-commerce giants, local companies in tax push
by Reutersby ReutersBRASILIA (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 …
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Business News
E-commerce firm Boxed Inc files for bankruptcy, eyes software unit sale
by Reutersby Reuters(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 …
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Business News
Exclusive-Hedge fund Hestia wants Pitney Bowes to review capital spend, e-commerce segment
by Reutersby ReutersBy 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 …
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US and World News
UPS could keep outpacing FedEx as e-commerce delivery market dims
by Reutersby ReutersBy 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 …
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Business NewsFood & Dining
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 …
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US and World News
2022’s holiday delivery challenge: softening e-commerce demand
by Reutersby ReutersBy 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 …
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Financial News
Pinduoduo to launch international e-commerce platform next month – source
by Reutersby ReutersBEIJING (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 …
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Financial News
Gulf e-commerce company Noon to buy fashion venture Namshi – statement
by Reutersby ReutersBy 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 …
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(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 …
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Financial News
Shopify unveils new tools, Twitter tie-up to beat e-commerce slowdown
by Reutersby ReutersBy 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 …
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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 …