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Meituan, China’s leading food delivery conglomerate, has recorded its first quarterly loss since the final quarter of 2022. This is due to a fierce pricing battle with competitors Alibaba and JD. Further losses are predicted for the upcoming quarter as these…
AliExpress, a renowned e-commerce platform, recently announced a strategic alliance with Homart Group, a prominent Australian health and wellness manufacturer. This collaboration seeks to enhance AliExpress’s local product offerings through the inclusion of…
In Tuesday’s quarterly report, Alibaba, the Chinese e-commerce behemoth, exceeded analysts’ revenue predictions. This success was primarily attributed to the company’s significant investments in one-hour delivery services, which attracted more users to its…
The recent entry of Chinese budget retailer Shein into the flagship BHV in Paris has stirred up a political storm, adding to the ongoing struggles of department stores worldwide. These traditional retail outlets are grappling with the seismic shift of…
Coupang, a South Korean e-commerce giant, has experienced substantial growth, recording a record quarterly revenue of $9.3 billion during the three months leading up to September – a 20% year-on-year increase. This growth not only signifies the company’s…
China-based e-commerce giant PDD Holdings exceeded expectations on Tuesday, reporting a 14% increase in third-quarter adjusted earnings. This indicates that the company’s aggressive marketing strategies and considerable discounts have successfully fueled…
China’s annual Singles’ Day shopping bonanza is drawing to a close following more than a month of promotional strategies across the nation’s main e-commerce platforms. However, this year’s event failed to generate the same level of consumer enthusiasm as…
Beginning January next year, Thailand will impose taxes on all foreign goods sold through online platforms, thereby ending the current exemption on low-value imports priced under 1500 baht (US$46.30). Creating a Fair Market According to Panthong Loikulnan,…
Amazon disclosed its expansion plans for its cost-effective e-commerce service, Amazon Bazaar, on a recent Friday. Known in the United States as Haul, the service is now available in 14 new markets, intensifying competition with Chinese counterparts like…
Coolmate, a Vietnamese brand known for its digital-first approach in fashion, has successfully completed its latest Series C financing. The specific details of the funding have been kept under wraps, but it is understood that the funds will be used to fuel…
South Korea’s premier online retailer, Coupang, has witnessed an increase in profits in the third quarter, reflecting a sustained momentum in sales growth. Revenue and Profit Analysis The firm’s net revenues have experienced an 18% upsurge to reach $9.3…
Chinese e-commerce giant Shein recently removed a questionable product line, featuring childlike sex dolls, from its online platform. This action was prompted by the discovery and notification from France’s Directorate-General for Competition, Consumer…
Amazon recently announced robust profit growth for the third quarter, showing sustained double-digit growth due to advancements across the company. Strong Sales and Revenue Growth The net income for the quarter ending on September 30 experienced a 13%…
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…
On Thursday, Alibaba, the Chinese e-commerce giant, unveiled a novel AI chatbot assistant service, amplifying its efforts to solidify its presence in a consumer-centric domain presently dominated by ByteDance and Tencent. Integration of AI Chatbot Into Quark…
Employees at the BHV department store in Paris staged a demonstration on Friday to voice their disapproval of the recent decision by the store’s management to collaborate with fast-fashion retailer, Shein. The protest was triggered by the agreement to…
