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Tag:

e-commerce

  • In the News

    E-commerce giant Coupang to buy online luxury firm Farfetch

    by Reuters December 18, 2023
    by Reuters December 18, 2023

    (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 …

  • In the News

    JD.com founder says firm is ‘bloated’, as China e-commerce giants face pressure

    by Reuters December 12, 2023
    by Reuters December 12, 2023

    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 the News

    Chinese e-commerce platform Temu drawing shoppers from US dollar stores -data

    by Reuters December 6, 2023
    by Reuters December 6, 2023

    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 taking on U.S. dollar stores …

  • In the News

    Prosus reports $2 billion in core earnings, sees e-commerce profitability earlier

    by Reuters November 29, 2023
    by Reuters November 29, 2023

    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 2024, citing improved profitability in …

  • Breaking News

    Black Friday Sales Show Modest Increase, E-Commerce Gains Prominence

    by Phil Stilton November 26, 2023
    by Phil Stilton November 26, 2023

    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 …

  • In the News

    Exclusive-TikTok, YouTube, Meta eye Indonesia e-commerce licenses- sources

    by Reuters October 26, 2023
    by Reuters October 26, 2023

    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 …

  • In the News

    Russian e-commerce firm Ozon notifies Nasdaq of delisting intention

    by Reuters October 20, 2023
    by Reuters October 20, 2023

    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. …

  • Business News

    China’s e-commerce discount race to the bottom puts incumbents under pressure

    by Reuters September 26, 2023
    by Reuters September 26, 2023

    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. …

  • Business News

    Flexport unveils e-commerce tools as returned CEO aims to regain profitability

    by Reuters September 12, 2023
    by Reuters September 12, 2023

    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 …

  • Business News

    TikTok won’t launch cross-border e-commerce services in Indonesia amid concerns

    by Reuters July 27, 2023
    by Reuters July 27, 2023

    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 …

  • Business News

    Startup e-commerce platform Temu expands to Japan

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    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 …

  • Business News

    Chinese e-commerce giants entice cautious consumers with steep mid-year discounts

    by Reuters June 15, 2023
    by Reuters June 15, 2023

    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 …

  • Business News

    EU seeks to simplify customs system, tighten up on e-commerce

    by Reuters May 17, 2023
    by Reuters May 17, 2023

    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 …

  • Business News

    Brazil to end tax exemption on international orders, targeting Asian e-commerce giants

    by Reuters April 12, 2023
    by Reuters April 12, 2023

    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 …

  • Business News

    Brazil targets Asian e-commerce giants, local companies in tax push

    by Reuters April 3, 2023
    by Reuters April 3, 2023

    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 …

  • Business News

    E-commerce firm Boxed Inc files for bankruptcy, eyes software unit sale

    by Reuters April 2, 2023
    by Reuters April 2, 2023

    (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 …

  • Business News

    Exclusive-Hedge fund Hestia wants Pitney Bowes to review capital spend, e-commerce segment

    by Reuters November 21, 2022
    by Reuters November 21, 2022

    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 …

  • US and World News

    UPS could keep outpacing FedEx as e-commerce delivery market dims

    by Reuters October 24, 2022
    by Reuters October 24, 2022

    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 …

  • Business NewsFood & Dining

    US Foods Launches the Most Advanced E-commerce Application in the Food Service Distribution Industry

    by Jessica Woods October 12, 2022
    by Jessica Woods October 12, 2022

    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 …

  • US and World News

    2022’s holiday delivery challenge: softening e-commerce demand

    by Reuters September 19, 2022
    by Reuters September 19, 2022

    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 …

  • Financial News

    Pinduoduo to launch international e-commerce platform next month – source

    by Reuters August 22, 2022
    by Reuters August 22, 2022

    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 …

  • Financial News

    Gulf e-commerce company Noon to buy fashion venture Namshi – statement

    by Reuters August 21, 2022
    by Reuters August 21, 2022

    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 …

  • Financial News

    Russian e-commerce firm Ozon launches own clothing brand

    by Reuters July 29, 2022
    by Reuters July 29, 2022

    (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 …

  • Financial News

    Shopify unveils new tools, Twitter tie-up to beat e-commerce slowdown

    by Reuters June 22, 2022
    by Reuters June 22, 2022

    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 …

  • Financial News

    What is ONDC, India’s project for an open e-commerce network?

    by Reuters June 1, 2022
    by Reuters June 1, 2022

    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 …

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