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China’s market regulator recently imposed fines and seizures on seven e-commerce platforms, totaling 3.6 billion yuan (US$527.32 million), for failing to adhere to food delivery safety guidelines. The offenders include prominent companies such as Pinduoduo,…
Temu, a global e-commerce platform based in Boston, has recently become a member of the International AntiCounterfeiting Coalition (IACC) in a bid to bolster its intellectual property protection efforts while simultaneously widening its global presence.…
Malaysian food delivery titan, Foodpanda, has recently unveiled Kenneth Soh as its new Managing Director (MD). Prior to assuming his new role at Foodpanda, Soh was the Country Manager for Propertyguru. He is taking over from Tan Ming Luk, who held the role of…
Meituan, the leading food delivery company in China, reported its second consecutive quarterly loss, slightly missing revenue growth forecasts. This comes after a year of aggressive, subsidy-intensive competition in China’s one-hour delivery market. Meituan’s…
Shopping on AliExpress is not just about finding the cheapest listing anymore. A low price alone does not tell you much. The real question is whether the discount is genuine, whether the seller is trustworthy, whether the same item is available elsewhere for…
In a fiercely competitive market, Chinese food delivery titan Meituan has reported a second consecutive quarterly loss, slightly missing projected revenue growth. Over the past year, the company has weathered intense competition sparked by aggressive subsidy…
PDD Holdings, the parent company of Temu, failed to meet its quarterly revenue and profit forecasts this Wednesday. The company highlighted the increasing domestic competition coupled with worldwide uncertainty as factors that will continue to impact…
The Singapore-founded super app, Grab, has declared its venture beyond Southeast Asia with a proposed acquisition of Foodpanda’s Taiwan operation, owned by Delivery Hero, for a cash sum of US$600 million. This acquisition is anticipated to conclude in the…
In response to heightened scrutiny by the European Union (EU), Chinese e-commerce platform AliExpress has announced enhanced measures to ensure compliance with the bloc’s regulations. This move comes as the EU intensifies its focus on rapidly expanding online…
Shein, a Chinese online retailer popular for its fast-fashion offerings, emerged victorious after the Court of Appeal in Paris dismissed France’s plea for the suspension of the platform. The court’s decision came in the aftermath of a controversy where the…
Alibaba, China’s largest e-commerce firm, reported a modest 1.7% increase in third-quarter revenue, significantly below expectations. However, more concerning was the staggering 66.3% drop in net income, largely due to heavy spending on one-hour delivery and…
On Monday, JD, a top-tier e-commerce powerhouse from China, announced the expansion of its Joybuy online marketplace into several European markets. By extending its reach into the United Kingdom, Germany, France, the Netherlands, Belgium, and Luxembourg, JD…
Flipkart, the Indian e-commerce company owned by Walmart, has relocated its holding company from Singapore to India, a move that marks an important prerequisite for the company’s anticipated stock market debut in India. Returning Home for Better IPO Prospects…
Chinese e-commerce giant JD has recently reported quarterly revenues that fell short of the market’s expectations. This underperformance has been attributed to tough competition and dwindling advantages from government subsidies, which have impacted the…
Amazon has announced that it will abolish the referral fee for sellers in India on items priced under 1000 rupees (approximately US$10.98). This decision aims to encourage more retailers to use their platform and gain a stronger hold on India’s competitive…
In a bid to strengthen its foothold in India’s highly competitive e-commerce sector, Amazon recently announced that it will cease to charge sellers referral fees for products priced under 1,000 rupees, or US$10.98. This decision, revealed by the company on…
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