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The Latest Breaking News from e-commerce

3 Stocks That Just Went From Bad To Worse

Surging inflation and the Fed’s continued interest rate hikes have kept equities under pressure lately, driving the S&P 500 index into bearish territory. Given this backdrop, fundamentally weak stocks Boxed (BOXD), KalVista Pharmaceuticals (KALV), and NeoGenomics (NEO) are best avoided now. These stocks were downgraded from ‘Sell’ to ‘Strong Sell’…

StockNews.com

Why Chewy Shares Are Surging Today

Wedbush analyst Seth Basham upgraded Chewy Inc (NYSE:CHWY) from Neutral to Outperform and raised the price target to $35 (8% upside) from $30. The analyst cites favorable pet category dynamics, bottoming e-commerce trends, attractive valuation, and better risk-reward as the reasons for the upgrade. While Seth expects discretionary goods spending pressure to continue in the near-to-medium…

Benzinga

Love Island and eBay: how the reality show could model a radically sustainable future for its young viewers

A recently announced partnership between ITV reality show Love Island and secondhand e-commerce giant eBay sends a strong positive signal about prioritising sustainability over fast fashion.

The Conversation

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AMZN After the Split: Buy, Sell, Or Hold?

E-commerce giant Amazon.com (AMZN) completed its much talked about 20-for-1 stock split on June 06, 2022, which led its shares to trade below $1000 for the first time since 2017. However, given its premium valuation and rising operational challenges, is it worth owning the stock now? Let’s find out.

StockNews.com

Saudi Project to Develop Quality of E-Commerce Data

Considering the growth of e-commerce and the desire to improve the mechanism of data collection related to the sector, Saudi authorities informed all banks in the Kingdom of the need to abide by the operational framework and technical and operational rules for the data quality development project. The Saudi Central…

Asharq Al-Awsat

Chinese splash out on tech goods, camping gear in shopping fest

BEIJING: High-end home appliances and camping gear were among Chinese shoppers' most sought-after buys during the "618" shopping festival, according to e-commerce platforms, in a sign of how China's Covid-19 curbs are driving lifestyle changes.

Bangkok Post

Tech disrupted by reality

When Covid-19 emerged more than two years ago, millions of people including myself suddenly found ourselves stuck at home. To survive the unprecedented challenges and stress, I started to befriend mobile apps I hadn't used before to buy things and pay bills online, among them the e-commerce platform Shopee.

Bangkok Post

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Warehouse business catches fire, boosted by pandemic, e-commerce

New York (AFP) - The rise of e-commerce and the logistical nightmare created by the Covid-19 pandemic have caused a surge in demand for warehouse space in the United States, and big investment funds have taken note.

AFP

China's Lipstick King Austin Li was a rich influencer adored by Beijing officials. One mistake triggered his downfall

Austin Li was beloved by young shoppers and the Chinese Communist Party. But when he tried to sell an ice cream cake to millions of his followers, everything went wrong.

ABC News

Alibaba Could Suffer Fallout As Top Rival Plans Foray In Food Delivery Service

Beijing-headquartered e-commerce giant JD.com Inc (NASDAQ: JD) is mulling a possible foray into the food delivery business, posing an intense competition for its Chinese peers Meituan (OTC: MPNGF) and Alibaba Group

Benzinga

Online marketplace OnBuy appoints new chief technology officer

The Dorset e-commerce company said experienced executive Julian Browne would drive its new tech plans

Birmingham Post

'Influencers' arrested for lese majeste over Lazada promotion

Police on Thursday arrested two transgender social media influencers and a woman for alleged lese majeste, stemming from a video promotion for the Lazada e-commerce network last month.

Bangkok Post

Cartier and Amazon target knock-offs in US lawsuits

San Francisco (AFP) - Amazon and Cartier joined forces Wednesday in US court to accuse a social media influencer of working with Chinese firms to sell knock-offs of the luxury brand's jewelry on the e-commerce giant's site.

AFP

Global Tech on Edge as WTO Weighs E-commerce Tariffs

The global technology industry is pressing the World Trade Organization to exempt data flows from cross-border tariffs, saying a failure to do so would undermine a global recovery already threatened by spiraling prices. The WTO's 164 members will present their views on the topic on Wednesday, the final scheduled day…

Asharq Al-Awsat

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Bangkok Post

Shopee opts to reduce its headcount

E-marketplace Shopee is pursuing layoffs across markets in Asean, including Thailand, according to industry sources, as the company is believed to have become more cautious about spending and more focused on attaining profitability rather than burning cash.

Asharq Al-Awsat

Russia’s Wildberries Selling Zara Clothes Online despite Inditex Halting Operations

Russian e-commerce leader Wildberries is still selling clothes from Inditex brands that have suspended operations in the country, including the Spanish group's main Zara label. The TASS news agency reported on Tuesday that Zara items were being sold on Wildberries, which the Russian company confirmed. Inditex is one of many…

StockNews.com

Is Alibaba a Buy After Its Recent Gains?

Shares of e-commerce giant Alibaba Group Holding (BABA) gained momentum earlier this month after the government gave the green light to revive its subsidiary Ant Group’s dual listing. However, given its declining profit margins, is BABA an ideal investment now? Read more to find out.

Benzinga

This Alibaba Competitor Undertakes Aggressive Job Cuts Across Multiple Southeast Asian Markets

Sea Limited's (NYSE:SE) e-commerce arm Shopee laid off staff across multiple markets, DealStreetAsia reports. The layoffs to rationalize its e-commerce business encompassed several Southeast Asian markets, including Indonesia, Thailand, and Vietnam. Shopee's payments arm ShopeePay and food delivery business ShopeeFood also faced cuts. The competitor of the Alibaba Group Holding Limited (NYSE:BABA) hosted a general…

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Bangkok Post

Shopee owner Sea Ltd cuts jobs in shopping, food

Sea Ltd is making its first major job cuts in areas spanning shopping and food, joining other tech firms downsizing this year in anticipation of unprecedented market and economic volatility.

Benzinga

Tencent Buys $264M Stake In Walmart's Indian Unit

Chinese tech conglomerate Tencent Holdings Ltd. (OTC: TCEHY) has bought a $264 million stake in Walmart Inc (NYSE: WMT)-owned Indian e-commerce firm Flipkart, Press Trust of India

AFP

Amazon to start delivering by drone in California town

San Francisco (AFP) - Amazon plans to start flying some purchases to customers later this year, the e-commerce giant said Monday, announcing drone delivery that will debut in a California town.

Benzinga

James Star Significantly Increases His Stake In Pet Products Focused Company Chewy (CHWY)

Last Christmas we highlighted an insider purchase by an independent director of Chewy and wrote the following about the company,

The Hindu

Government asks Swiggy, Zomato and others to submit plans in 15 days for improving complaint redressal

The Department of Consumer Affairs will soon hold a meeting with edtech firms like Byju's and Unacademy amid complaints that these platforms put extra study pressure on schools

The Street

What Are Retail Sales? Definition and Examples

What Are Retail Sales?Retail sales are an important monthly indicator of the U.S. economy, helping to gauge how much consumers are spending on items such as cars, clothes, food, mobile phones, computers, and gasoline. It’s also an indicator of how fast consumer prices might be rising. As ...

Benzinga

'You're Going To Get Ripped Off': Why These Investors Say You Should Avoid Alibaba Stock

Alibaba Group Holding Ltd (NYSE: BABA) shares have sustained a significant rally over the last month, but some see trouble ahead for the Chinese e-commerce giant amid a murky regulatory landscape both overseas and in the U.S.

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