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Bloomberg
Alibaba Unveils Latest AI Service for Images in Push for Users - Bloomberg
Alibaba Group Holding Ltd. unveiled a new iteration of its artificial-intelligence technology that will make it easier for users to generate and...
PYMNTS.com
Alibaba.Com adds Balance's B2B BNPL for US Business Users | PYMNTS.com
Alibaba.com's U.S. business users can now select Balance's B2B buy now, pay later (BNPL) as a payment method at checkout.
South China Morning Post
Alibaba trims key governance body as it embraces AI and bets on younger leaders
Alibaba Group Holding has trimmed its partnership – a key corporate governance body for the e-commerce and artificial intelligence (AI) giant – as...
PYMNTS.com
Amazon Bets on In-House AI Stack as Walmart Amplifies Workforce | PYMNTS.com
... Amazon, logistics, eCommerce, retail. Highlights. Amazon and Walmart are ... eCommerce and omnichannel retail. Its focus on blending in-store...
SCMP
Alibaba trims partnership as company bets on younger leaders
Alibaba Group Holding has trimmed its partnership – a key corporate governance body for the e-commerce and artificial intelligence (AI) giant – as it embraces younger business leaders and strives to return to a start-up mindset.
Nine executives and company veterans – including former CEO Daniel Zhang Yong, 53, and fellow co-founders Trudy Dai Shan, 48, and Lucy Peng Lei, 51, who started the company with Jack Ma in 1999 – have exited the partnership, according to Alibaba’s annual report released...
PYMNTS.com
Amazon AI Executive Leaves Company Amid Competition for AI Talent | PYMNTS.com
A leader in artificial intelligence (AI) product strategy at Amazon ... This news comes at a time when competition for skilled AI talent has...
CNBC
Tesla head of manufacturing Omead Afshar fired by Elon Musk
Omead Afshar, Tesla's head of manufacturing and operations, has been fired from the company by CEO Elon Musk after declining car sales.
Bloomberg
Indonesia Taps Online Marketplaces to Boost Tax Collection
A rule change in Indonesia will require online merchants to pay income tax to e-commerce platforms rather than directly to the government, reviving an effort to boost tax collection as fiscal concerns mount in Southeast Asia’s largest economy.
Tech in Asia
Amazon to invest over $4b to expand delivery in rural US - Tech in Asia
Amazon's rural expansion represents the latest chapter in a 15-year logistics transformation that has reshaped e-commerce expectations. The company...
PYMNTS.com
Amazon Expanding Next and Same-Day Delivery to 4000 Towns | PYMNTS.com
The expansion, targeting more than 4,000 smaller cities, towns and rural communities, is slated to happen by the year's end, the eCommerce giant...
TechCrunch
Amazon to spend over $4B to expand Prime delivery to rural communities in the US
African B2B e-commerce startup Sabi has laid off around 20% of its workforce (~50 employees) as it pivots from its original retail-focused platform to...
SCMP
JD.com hires full-time food delivery riders to challenge Meituan, Alibaba
JD Logistics has kicked off recruitment of full-time meal delivery riders, as its parent – e-commerce giant JD.com – intensifies efforts to compete with Meituan and Alibaba Group Holding in the lucrative Chinese food delivery market.
Hong Kong-listed JD Logistics said on Tuesday it had started hiring full-time riders for JD.com’s food delivery business, in a move aimed at broadening the subsidiary’s service offerings, according to a filing with the stock exchange.
Beijing-based JD.com launched...
Bloomberg
Prosus CEO Bloisi Aims to Double Revenue in Next Three Years
Technology investor Prosus NV targets to double its revenue over the next three years as the company focuses on building out large lifestyle e-commerce platforms, Chief Executive Officer Fabricio Bloisi said during its capital markets day on Wednesday.
CNBC
Amazon bringing faster delivery to thousands of small towns and cities
Amazon previously said it would spend $4 billion by the end of 2026 to triple the size of its rural delivery network.
Reuters
Amazon to invest $54 billion in Britain over next three years - Reuters
Amazon has deepened its commitment to Britain, with the e-commerce giant saying it plans to invest 40 billion pounds ($54 billion) over the next...
Reuters
Amazon's premium beauty push may be a buffer against Trump's tariffs | Reuters
The Seattle-based e-commerce company is hoping that recent sales growth in high-margin cosmetics in its Amazon Premium Beauty category will cushion...
Bloomberg
Labubu Mania Breathes New Life Into Chinese Consumers
Welcome to Tech In Depth, our daily newsletter with reporting and analysis about the business of tech from Bloomberg’s journalists around the world. Today, Luz Ding reports on the experience of China’s big summer shopping festival, which was dominated by a homegrown global sensation.
CNBC
Amazon to invest £40 billion in the UK over next three years
Britain has been courting investments from major tech players of late as it looks to boost domestic growth and productivity.
Nikkei Asia
Alibaba to merge food delivery, travel units in 'instant retail' drive - Nikkei Asia
HONG KONG -- Alibaba Group will merge its food delivery platform Ele.me and online travel platform Fliggy into its China e-commerce business group...
South China Morning Post
Alibaba merges delivery platform Ele.me and travel agency Fliggy into e-commerce group
Following the changes, Ele.me CEO Fan Yu and Fliggy CEO Zhuang Zhuoran will report directly to Jiang Fan, who leads Alibaba's E-commerce Business...
Tech in Asia
Amazon sellers face fraud, higher costs from new return rules - Tech in Asia
The average e-commerce return rate of 16.9% (rising to 30% in certain categories) creates thin margins that particularly squeeze small businesses...
PYMNTS.com
Amazon Sellers Hike Prices Over Returns Fees and Fraud | PYMNTS.com
Baron said that Amazon had shipped used swim diapers to customers after the soiled baby products had been returned to the eCommerce platform.
SCMP
Alibaba folds delivery app and travel agency into e-commerce group
Alibaba Group Holding is merging its food delivery platform Ele.me and online travel agency Fliggy into its core e-commerce business, as the Chinese tech giant seeks to streamline operations and sharpen its focus on artificial intelligence (AI).
The restructuring “marks a strategic upgrade from an e-commerce platform to a comprehensive consumer platform”, Alibaba CEO Eddie Wu Yongming wrote in a letter to employees on Monday. “Moving forward, we will increasingly optimise our business models and...
Bloomberg
How Much Is Tesla Really Worth? - Bloomberg
This group is made up of six conventional tech giants — Alphabet Inc., Amazon.com Inc., Apple Inc., Meta Platforms Inc., Microsoft Corp. and Nvidia...
CNBC
Easy returns cause big trouble for Amazon sellers, but return rates show signs of slowing
Returns are causing big trouble for Amazon sellers, leading them to hike prices and reduce business on Amazon. But some changes may be slowing return rates.
SCMP
Ant Group pushes wider adoption of AI-enabled smart glasses for mobile payments
Chinese fintech giant Ant Group is pushing the wider adoption of smart glasses to facilitate digital transactions, extending the reach of mobile payments beyond smartphones.
The first such payment outside mainland China was recently completed in Hong Kong using Meizu’s StarV smart glasses, according to a statement on Thursday by the company, an affiliate of Post owner Alibaba Group Holding.
That transaction was made via AlipayHK, the Hong Kong platform of Ant Group’s flagship Alipay app, using...
South China Morning Post
Beijing's reform could bring Hong Kong-listed Alibaba, Tencent to Shenzhen: HSBC
... Alibaba Group Holding and Tencent Holdings home, according to an HSBC report on Wednesday. Mainland authorities on June 10 unveiled a sweeping set...
The Information
Amazon Builds an AI Shopping Agent Strategy - The Information
At Amazon, the rise of artificial intelligence tools ... Theo Wayt is a reporter covering Amazon, e-commerce and logistics for The Information.
SCMP
China subsidies give Alibaba, JD.com sales lift during 618 shopping festival
Chinese e-commerce giants Alibaba Group Holding and JD.com reported record user participation and growing sales during the 618 shopping festival, as government subsidies and new artificial intelligence (AI) tools fuelled a surge in consumer activity.
More than 453 brands each surpassed 100 million yuan (US$14 million) in gross merchandise value (GMV) on Alibaba’s Taobao and Tmall platforms during the weeks-long event, the company said on Thursday. The roster included global names such as Apple,...
SCMP
JD.com takes its Meituan rivalry to Saudi Arabia with express delivery service
Chinese e-commerce giant JD.com is extending its deep-seated rivalry with Meituan to Saudi Arabia, launching a self-operated courier service in the country as it extends its footprint in the Middle East.
On Wednesday, JD.com’s logistics arm JD Logistics announced the launch of JoyExpress, a business-to-consumer express delivery service that covers most of the 13 provinces in the Middle Eastern country, according to a statement.
JoyExpress provides expedited same-day and next-day delivery...