e-commerce Archives

Introducing Amazon Hual: The New Affordable Retail Store from Amazon, Ready to Compete with Temu and Shein

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1 month ago
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Amazon has launched a new storefront called Amazon Haul, which is described as a place to find crazy low-priced products to compete with Chinese e-commerce giants like Temu and Shein,...

Unconfirmed: Walmart’s Intent to Sell JD.com Stocks Holding Estimated at $3.74 Billion

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4 months ago
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According to Bloomberg reports, Walmart, the largest retail business group in the United States, is planning to sell JD.com, a major e-commerce giant in China, in which the company holds...

Overview of E-commerce Landscape in Southeast Asia in 2023: Growth by 15% – Shopee Dominates Market Share, TikTok Shop Emerging Strongly.

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5 months ago
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Market research company Momentum Works has released a report on the e-commerce market in the Southeast Asia (SEA) region, focusing solely on Gross Merchandise Value (GMV) of 8 major platforms,...

European Union Directs Temu and Shein to Clarify Compliance of E-commerce Platforms with DSA Laws

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6 months ago
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The European Commission, also known as EC, has officially requested additional information from two e-commerce platforms, Temu and Shein, under the Digital Services Act (DSA). They are required to clarify...

Unconfirmed: ByteDance Projects Revenue of $120 Billion by 2023, Surpassing Tencent

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9 months ago
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ByteDance, the parent company of TikTok, recently released its preliminary performance data for the year 2023. The company reported a 60% increase in Earnings Before Interest, Taxes, Depreciation, and Amortization...

Fourth Quarter 2023 Report: Total Revenue Surges by 5%, Yet Incurs Losses Once Again

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10 months ago
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Sea Limited, the parent company of Shopee and Garena, has reported its fourth-quarter 2023 financial results with a total revenue of $3.617 billion under GAAP accounting, marking a 4.8% increase...

Alibaba poised to vend entire offline retail operations, relinquishing emphasis solely on e-commerce.

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11 months ago
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Alibaba, the Chinese multinational conglomerate, is reportedly considering selling its subsidiary retail businesses, including supermarts like Freshippo and RT-Mart, as well as the department store InTime. This move comes as...

Massive Layoff at Lazada in Singapore Leaves Hundreds Unemployed, Shaking the E-commerce Scene

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12 months ago
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Lazada, a subsidiary of Alibaba, recently announced staff layoffs that have affected employees at all levels, totaling several hundred positions. The impact has been particularly significant in Southeast Asia, with...

Growth Observed in Alibaba and JD.com’s 11.11 Sales Report, Concealing Figures but Indicating Advancement from the Previous Year

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1 year ago
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Alibaba and JD.com, two major e-commerce giants in China, have revealed sales statistics for Singles’ Day, also known as 11.11, in 2023. However, specific numerical details were not disclosed, only...

Indonesia Gears Up to Establish Regulations Against Social Media’s Role in Commercial Transactions on Platforms

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1 year ago
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Zulkifli Hasan, Indonesia’s Minister of Trade, has revealed that the government is deploying measures to increase control over e-commerce by prohibiting transactions through social media platforms. These platforms, such as...