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The Latest Breaking News from e-commerce

In April, e-commerce company ContextLogic (WISH) announced a stock repurchase program and a 1-for-30 reverse stock split. With significant implications of the developments for the stock, would it be wise to buy it now? Let’s look at its financial metrics to answer that….

StockNews.com

Honda customer data could have been accessed by anyone

A researcher finds a major flaw in Honda's e-commerce platform and accesses sensitive customer data

TechRadar

UK PM Rishi Sunak in Washington to push for tighter UK-US economic cooperation

Prime Minister Rishi Sunak visits Washington as the UK looks for closer economic ties after leaving the EU. China denounces Europe's new "economic weapon" aimed at preventing Beijing from putting trade pressure on EU members over support for Taiwan, and TikTok aims to quadruple its e-commerce revenues.

France 24

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Chinese E-Commerce Companies Undercut by Weak Chinese Economy and Increased Competition

The faltering recovery in China has spurred investors to raise their bearish wagers on Chinese e-commerce stocks. For example, short interest in PDD Holdings (PDD ) has risen to about 8% of total shares outstanding, according to IHS Markit data. That’s higher than e-commerce peers JD.com (JD ) and Alibaba...

Barchart

How the 'Amazon of Asia,' founded by a Harvard dropout, landed on the Fortune 500

Newly-profitable Coupang, which serves customers in South Korea and Taiwan, joins the Fortune 500 list at No. 195.

Fortune

Is Alibaba (BABA) a Good Buy?

Over the last two years, the e-commerce giant Alibaba (BABA) was hit by heavy regulatory scrutiny, brutal competition, and China’s slowing economy. But the stock got a lift this year after the nation’s Covid reopening and easing of regulatory woes. Furthermore, the company announced a restructuring plan designed to enhance…

StockNews.com

Should You Buy ContextLogic (WISH)?

Despite dire earnings forecast for the current year, the e-commerce platform operator ContextLogic (WISH) exhibits a more than 20% potential upside in its stock price. Would it be wise to buy the stock now? Let’s look at its financial metrics to find the answer….

StockNews.com

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E-commerce growth creates robust demand for warehouses around Chennai

The demand for warehousing spaces in Tamil Nadu is rising and newer locations are emerging in this space

The Hindu

Amazon Labour Union an inspiring starting point, says Justine Medina

Formation of a labour union at e-commerce behemoth Amazon was assumed to be next to impossible, until the Amazon Labor Union (ALU) pulled off just that at the company’s major warehouse at Staten Island in the U.S. in April 2022, with a majority of the workers voting ‘yes’ for the…

The Hindu

Chunghwa Post Expands ePacket Service to Russia 22 Countries(regions) are in Service

With the rapid development of e-commerce in recent years, businesses have been using the borderless nature of the internet to expand their markets and increase business opportunities by selling various goods and services overseas.

The News Lens

Delivery boy falls from third floor after pet dog chase; owners booked

Police said Mohd Iliyas, 30, who works for an e-commerce website, was delivering groceries in Panchavati Colony on Sunday afternoon when the customer’s dog, a labrador, allegedly chased him.

The Hindu

Alibaba approves cloud computing unit spin-off, prepares for grocery and logistics arms to go public

Chinese e-commerce company Alibaba Group Holding on Thursday said that it plans to spin-off of its cloud computing unit and that its logistics and grocery units would begin exploring initial public offerings, as the e-commerce firm kickstarts a restructuring process of its businesses aimed at spurring growth

The Independent UK

How High Could Amazon Stock Rise?

Amazon stock has see impressive gains in 2023, already up close to 40% year-to-date. Can the e-commerce and cloud computing leader continue to deliver market-beating gains to long-term investors?

Barchart

Target CEO: DEI has ‘fueled much of our growth over the last 9 years’

CEO Brian Cornell says doing what's right for employees and the company culture adds value for shareholders.

Fortune

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France 24

French unemployment stays at lowest level since 1982

France's jobless rate has been steady at 7.1 percent since the last quarter of 2022 – the lowest level since 1982. Youth unemployment stands at more than 5 percentage points below pre-pandemic levels. The new data could boost President Emmanuel Macron's economic credentials as he seeks to achieve full employment.…

The Guardian - US

Noise, pollution, danger: how Amazon warehouses upended a sleepy New York neighborhood

Residents hope traffic, emissions and noise data they are analyzing with the Guardian will help rein in the spread of e-commerce facilities

The Hindu

Centre issues order against top e-commerce platforms for selling seat belt alarm stopper clips

The Centre issued an order against Amazon, Flipkart, Snapdeal, Shopclues and Meesho for selling car seat belt alarm stopper clips

The Hindu

Orders on ONDC grow rapidly as India Post gears up to join in

Orders have grown rapidly, as ONDC’s architecture poses a looming threat to online retail and quick delivery apps

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StockNews.com

2 REITs Investors Are Avoiding

Retail REITs have been under pressure amid the growth of e-commerce. So, we think Macerich (MAC) and Urban Edge (UE) should be avoided considering their weak fundamentals. Let’s discuss this in detail.

StockNews.com

The E-Commerce Boom Is Still in Effect With 3 Stocks Capitalizing on Online Shopping

With the rising adoption of advanced technology, e-commerce has gained widespread prominence and is poised to remain buoyed owing to the convenience it offers. Given this backdrop, quality e-commerce stocks Ulta Beauty (ULTA), eBay (EBAY), and Yatsen Holding (YSG) could be solid buys now. Read on….

Fortune

Amazon slowed hiring and conducted layoffs in its HR team

Amazon is shifting investments to its noncore businesses and international expansion after slowing e-commerce sales and layoffs.

The Hindu

KTR bats for gig workers, moots tripartite pact to ensure livelihood

Inaugurating a 4 lakh sq. ft. fulfillment centre of Flipkart, the Minister also called for steps to make youngsters aspire for jobs in e-commerce sector.

Kiplinger

SAFE Banking Act Gets New Life: This Week in Cannabis Investing

A bipartisan effort has given the SAFE Banking Act, which helps improve cannabis companies' access to finance, a shot to reach the Senate floor.

The Guardian - US

Amazon beats expectations in first quarter earnings as shares jump 11%

E-commerce behemoth, in the midst of aggressively cutting costs including laying-off 27,000 workers, reported revenue growth

TV Tech

Roku Partners With Instacart on Measuring Impact of Streaming TV Ads

Advertising partnership will measure the impact of TV ads on e-commerce purchases

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