Sign in Subscribe

E-commerce

Amazon Delays Return-to-Office Mandate for Thousands

Amazon.com Inc. is delaying its return-to-office mandate for thousands of employees in multiple cities, pushing back full-time in-office work by as much as four months, reports Bloomberg. The move comes as the company struggles to accommodate its large workforce in existing office spaces. The company recently informed employees in

Alibaba Takes US$1.3 Billion Loss in Retreat from Offline Retail

Alibaba is exiting offline retail, taking a substantial loss on its sale of Intime, one of China's leading department store operators, reports the South China Morning Post. The e-commerce giant is selling its entire stake in the retail chain to a consortium comprising Youngor Group and Intime'

Walmart Teams Up with Meituan in China to Boost E-commerce

Walmart China has announced a new strategic partnership with Meituan, China's largest food delivery company, to accelerate its e-commerce business in the country, reports Reuters. The partnership will integrate Walmart stores into Meituan's extensive delivery network, according to a WeChat post by Walmart China. This move

Alibaba to Sell Department Store Chain Intime to Youngor Fashion

Alibaba Group Holding is reportedly set to sell its department store chain Intime Retail (Group) to Chinese apparel company Youngor Fashion, marking Alibaba’s exit from offline retailing in China, according to sources familiar with the matter, reports the South China Morning Post. The two sides are expected to announce

TikTok Shop Overtakes Sephora and Shein in US Online Shopping Growth

TikTok Shop, the relatively new online retail platform launched in September 2023, has surpassed established giants Sephora and Shein in capturing the spending power of US shoppers, according to a new report from Coefficient Capital and The New Consumer's Dan Frommer. The report, based on 11 surveys of

Amazon Sellers and Retailers Flock to TikTok Shop Despite Looming US Ban

Retailers and Amazon sellers are increasingly turning to TikTok Shop, the video app's e-commerce platform, despite the looming threat of a US ban, reports CNBC. The platform's ability to engage consumers and drive impulse purchases is proving too attractive to ignore, even with uncertainty surrounding TikTok&

Shopify Shifts Focus to Larger Clients for Sustainable Growth

Shopify, known for its success in empowering small businesses, is pivoting toward larger enterprise clients to foster more stable and long-term revenue streams, reports the Wall Street Journal. While some analysts view this as a departure from Shopify's origins, the company frames it as a natural scaling of

Amazon Launches Budget-Friendly "Haul" Store to Target Shein and Temu

Amazon is launching a new mobile-only storefront called "Amazon Haul," designed to compete with low-cost retailers like Shein and Temu, reports CNN. The store features a wide array of products priced at $20 or less, with many items costing under $10. Amazon's move is a direct

Shopify's Soaring Stock Sends Canada's Benchmark Index to Record Highs

Shopify shares surged as much as 25% on Tuesday, pushing Canada's benchmark stock index, the S&P/TSX Composite Index, to a record high of nearly 25,025, reports Markets Insider. The e-commerce giant, which provides software for online storefronts, holds the most weight of any stock

Alibaba Launches AI Search Engine for Small Businesses, Boosting Purchase Intent

Chinese e-commerce giant Alibaba has unveiled an AI-powered search engine designed to help small businesses in Europe and the Americas source supplies, reports CNBC. The tool, called Accio, leverages generative AI technology similar to ChatGPT to enhance the product discovery and procurement process. Alibaba claims that initial tests showed businesses