E-Commerce

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.
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...
Bloomberg
Amazon Orders Employees to Relocate to Seattle and Other Hubs
Amazon.com Inc. is ordering some corporate employees to move closer to their managers and teams, roiling a workforce already worried about job cuts and warnings from the top that artificial intelligence will shrink their ranks in the coming years.
Amazon Orders Employees to Relocate to Seattle and Other Hubs
Bloomberg
Blackstone Snaps Up Stakes in Office Buildings Leased by Meta
Blackstone Inc.’s real estate business purchased stakes in two office properties in Bellevue, Washington, that are leased by Meta Platforms Inc.
Blackstone Snaps Up Stakes in Office Buildings Leased by Meta
PYMNTS.com
Amazon Spins Prime Day Into 4-Day Event - PYMNTS.com
Amazon announced its annual Prime Day sale is doubling in size this ... ecommerce, News, Prime Day, PYMNTS News, Retail, walmart, What's Hot...
CNBC
Live video shopping tech firm Bambuser surges 75% after Alibaba deal - CNBC
A little-known Swedish stock doubles after deal with Alibaba. Shares of a little-known Swedish company Bambuser are up around 75% this morning after...
CNBC
Klarna CEO wants to turn the platform into a 'super app' with AI
The buy now, pay later giant's IPO may be on hold — but its business strategy remains the same, according to CEO Sebastian Siemiatkowski.
SCMP
JD.com founder bets on stablecoins to cut cross-border e-commerce payment costs
Chinese e-commerce giant JD.com plans to make an international foray into stablecoins – cryptocurrencies backed by a reference asset, typically a fiat currency like the US dollar – as these tokens are poised to become a major cross-border payment tool, according to founder and chairman Richard Liu Qiangdong. “JD.com intends to secure stablecoin licences across key currency markets globally … to reduce cross-border transaction costs by 90 per cent,” Liu said in a media briefing on Tuesday. “We...
SCMP
Alibaba recruits top Chinese AI scientist to lead speech-recognition push
Li Xiangang, a leading Chinese scientist in speech recognition, has joined Alibaba Group Holding to spearhead its artificial intelligence (AI) voice team, boosting the tech giant’s capabilities in the burgeoning field. Sources familiar with the matter said Li, who holds a PhD in Computer and Information Sciences from Peking University, had taken on a role leading speech AI research at the Hangzhou-based e-commerce giant. He fills a position previously held by Yan Zhijie, who left the...
Bloomberg
EU Says AliExpress Failed to Stop Illegal Sales in DSA Probe
The European Union escalated a probe against Alibaba Group Holding Ltd.’s e-commerce service AliExpress, accusing it of failing to tackle the spread of illegal products on its platform.
EU Says AliExpress Failed to Stop Illegal Sales in DSA Probe
The Verge
Amazon CEO says it will cut jobs due to AI's 'efficiency' - The Verge
... AI as part of a new “AI-first” approach. 0 Comments / 0 New. See More: AI · Amazon · News · Tech. Most Popular. Most Popular. The Trump Mobile T1...
Bloomberg.com
Amazon's Jassy Says AI Will Reduce Company's Corporate Ranks - Bloomberg
Generative AI and AI-powered software agents “should change the ... News. MarketsEconomicsTechnologyPoliticsGreenCryptoAI. Work & Life. Wealth...
Reuters
Amazon's corporate workforce may shrink as AI takes over routine tasks | Reuters
The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. ... "As we roll out more Generative AI and agents,...
NBC News
Amazon expects to cut corporate jobs as it relies more on AI - NBC News
Amazon CEO Andy Jassy said Tuesday that the company expects artificial intelligence "will reduce our total corporate workforce as we get...
CNBC
AI will shrink Amazon's workforce in the coming years, CEO Jassy says
Amazon CEO Andy Jassy said the company's workforce will shrink in the coming years as it adopts more generative artificial intelligence tools and agents.
Tech in Asia
Amazon extends Prime Day sale to 4 days, starting July 8 - Tech in Asia
... Ecommerce. ·. News. Amazon extends Prime Day sale to 4 days, starting July 8. Amazon's annual Prime Day event will last four days this year, from July...
Axios
Amazon announces its longest Prime Day is coming in July - Axios
... Amazon Prime vice president, told Axios. When is Prime Day 2025? Driving the news: The e-commerce giant's 11th Prime Day promotion begins 12:01am...
CNBC
Amazon extends Prime Day to four days, starting July 8
Amazon is extending its annual Prime Day discount event across four days for the first time.
SCMP
China internet pioneer urges students to put off graduate school, start-up plans
Charles Zhang Chaoyang, the founder, chairman and CEO of Chinese internet pioneer Sohu.com, urges college students on the mainland to skip postgraduate studies and defer plans to start a new business until they “gain some real experience” by working for a company. Citing his own experiences, Zhang said his postgraduate degree did not contribute much when he set up and began running his own company, according to his Saturday interview with Rupert Hoogewerf, chairman and chief researcher at Hurun...
Tech in Asia
Amazon officially debuts 10-min quick commerce in India - Tech in Asia
The company began this evolution with Amazon Prime in 2005, which transformed e-commerce by offering unlimited two-day shipping for $79 annually, a...
Bloomberg
Roku Shares Jump on Amazon-Connected TV Advertising Partnership
Roku Inc. shares gain 11% premarket after the company and Amazon.com Inc.’s Amazon Ads announced a partnership, saying that advertisers will now have access to more than 80% of US households with connected TV though the Amazon DSP marketing tool.
Roku Shares Jump on Amazon-Connected TV Advertising Partnership
Financial Times
'Amazon of Africa' Jumia fights to rebuild investor trust - Financial Times
The pan-African ecommerce group has been cutting costs in latest push to reach profitability.
PYMNTS.com
PayPal Exec Details AI-Driven Commerce Strategy Amid Rising Competition | PYMNTS.com
PayPal is doubling down on artificial intelligence (AI) and data ... News, PayPal, Perplexity, PYMNTS News, Technology, Venmo, Viva Tech...
PayPal Exec Details AI-Driven Commerce Strategy Amid Rising Competition | PYMNTS.com
PYMNTS.com
Amazon and Walmart Aren't Surfing Retail-Tech's Tidal Wave, They're Driving It
Amazon and Walmart are accelerating their transformation into tech conglomerates, spending on AI, data centers and FinTech.
Amazon and Walmart Aren't Surfing Retail-Tech's Tidal Wave, They're Driving It
SCMP
TikTok’s sister app Douyin courts merchants with lower deposit fees
TikTok owner ByteDance, whose Douyin short video app has emerged as a popular e-commerce shopping platform in China, will cut the guarantee deposit payable by merchants, in a move designed to keep existing sellers and lure new ones amid fierce competition. The deposit, held by the platform on behalf of sellers to cover potential costs such as refunds or penalties, would be capped at 5,000 yuan (US$695), a fraction of the previous maximum of 500,000 yuan. As a result, the deposit payable by...
TikTok’s sister app Douyin courts merchants with lower deposit fees
CNBC
Google suffers cloud outage, causing disruptions for OpenAI, Shopify and other services
A number of cloud services were suffering from outages on Thursday.
CNBC
Coinbase beefs up subscription plan by offering it with American Express credit card
Coinbase on Thursday introduced its first branded credit card in partnership with American Express.
Coinbase beefs up subscription plan by offering it with American Express credit card