Topic
543 stories in this topic
Amazon is reportedly planning to eliminate around 30,000 jobs in its corporate division, a move that one analyst referred to as a ‘deep cleaning’ of the organization’s workforce. This reduction would affect about 10% of Amazon’s nearly 350,000 corporate…
Berlin-based platform Highsnobiety is set to halt its e-commerce operations by the end of the current year in a strategic pivot towards its foundational publishing and cultural agency operations. Restructuring and Refocusing As part of a larger restructuring…
Style Theory, a Singapore-based online clothing rental platform, has recently ceased operations due to increasing operational costs and the departure of its key investors. Established in 2016, Style Theory functioned as an online rental platform that operated…
China’s retail sector is experiencing a transformative moment, marked by the strategic rise of two formidable players: Alibaba and JD.com. This dynamic shift mirrors broader trends reshaping the region’s e-commerce landscape, where Chinese consumers are…
The antitrust regulator of South Korea has provisionally approved a joint venture between Shinsegae Group’s Gmarket and Alibaba’s AliExpress Korea. This approval paves the way for a new contender to challenge the market, which has been historically dominated…
Since its launch, the social commerce platform Xiaohongshu, popularly known as Little Red Book, has been making waves in the retail landscape across China and beyond. Positioned at the intersection of e-commerce and social interaction, Xiaohongshu has created…
Hong Kong’s prominent fashion retailer, Giordano, recently announced an increase in their sales for the first half of the fiscal year. This significant improvement in sales is mainly attributed to a substantial surge in the company’s e-commerce operations.…
JD.com reported a staggering 51% decline in net profit during the April-June quarter, totaling 6.2 billion yuan ($864 million). This sharp drop can be attributed to significant subsidies directed toward its food delivery service as the company grapples with…
My Food Bag Group, a prominent meal kit company, has experienced a favorable upward trend in growth during the second half of the fiscal year 2025 (FY25). This positive trajectory is reflected in the company’s increased profitability and the successful launch…
Alibaba Group Holding is set to phase out its remaining Costco-style Hema X store, signaling a pullback from China’s competitive retail market. In a significant shift within its retail strategy, Alibaba is closing its premium “Hema X” stores, which operated…
In an ambitious move that could reshape the retail landscape in Asia, Alibaba Group has unveiled its latest venture: a multi-format retail experience designed to blend online and offline shopping seamlessly. This ambitious project embraces the company’s…
Approximately 40% of significant online shopping portals in South Korea utilize proprietary algorithms to order product reviews, but the metrics behind these rankings are not publicly disclosed. This lack of transparency has caused some concerns about…
TikTok Shop is making waves in the Southeast Asian e-commerce landscape, capturing a notable 39% share of gross merchandise value, a substantial increase from 29% in the first half of the previous year, according to data from Metric. In stark contrast, its…
In a significant shift, Temu, a rising star in the Chinese e-commerce sector, has jacked up prices for Pakistani consumers by as much as 300%. This steep increase comes on the heels of the Pakistani government’s recent decision to impose new taxes on online…
The Evolution of Prime Day In the United States, Black Friday has long been seen as the ultimate shopping event. However, Amazon’s Prime Day has been increasingly gaining momentum among consumers since its inception. Launched on June 15, 2015, as part of…
Amazon is expanding its yearly Prime Day event from two to four days, providing exclusive offers to Prime members from July 8 to July 14 in 22 markets worldwide. Notable markets include the United States, United Kingdom, Canada, Germany, Australia, Singapore,…
