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The Latest Breaking News from e-commerce

E-commerce projected to grow by up to 13% this year

Thailand's e-commerce market value is expected to grow by 8-13% this year, with live commerce and cross-border e-commerce predicted to gain significant traction, says sector pundit Thanawat Malabuppha.

Bangkok Post

4 Grocery Store Stocks to Stock up on in 2023

The grocery industry is likely to benefit from improved consumer sentiments. Moreover, the rising adoption of grocery e-commerce should boost the industry’s prospects. Also, given the inelastic demand for grocery products, fundamentally strong grocery store stocks Kroger (KR), Albertsons (ACI), Caseys (CASY), and Sprouts Farmers Market (SFM) might be solid…

StockNews.com

Google and Meta Are Losing Their Grip on the Digital Ad Market

Everyone from Amazon.com and Apple to TikTok and Walmart want in.

Businessweek

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1 Internet Stock You Shouldn't Buy Despite Its Cheap Price

Shares of e-commerce company ContextLogic (WISH) have plummeted more than 80% over the past year. The company continues to struggle with ongoing loss of shoppers, declining margins, and problems with product quality, among other issues. Moreover, the uncertain macro conditions add to the company’s bleak growth prospects. This internet stock…

StockNews.com

Flash raises B15bn in Series F round

Flash Group, which provides e-commerce logistics services, including the delivery service Flash Express, recently raised 15 billion baht in its Series F funding round as it gears up to expand business overseas and drive its live-commerce business.

Bangkok Post

Kenya’s Trade Minister: Nairobi to Witness Qualitative Cooperation with Saudi Arabia

Kenya’s Minister of Trade and Industry Moses Kuria said that Africa, and his country in particular, would not allow its resources to be exploited in the US-Chinese trade war. He noted that Kenya looked forward to strengthening economic ties with Saudi Arabia by reviving axes of cooperation. In an interview…

Asharq Al-Awsat

China's Ant Group says founder Jack Ma will give up control

Leading Chinese financial technology provider Ant Group has announced that its founder, e-commerce billionaire Jack Ma, will give up control of the company

The Independent UK

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Amazon, Salesforce jettison jobs in latest tech worker purge

E-commerce giant Amazon and business software maker Salesforce are the latest U.S. tech companies to announce major job cuts

The Independent UK

Chinese regulators approve capital expansion for Ant Group

Chinese regulators have said e-commerce giant Alibaba’s finance affiliate Ant Group can raise $1.5 billion for its consumer finance unit in an important step forward after the government called off a planned IPO two years ago and ordered the firm to restructure

The Independent UK

Amazon Joins YouTube, Apple In Investing On Live Sports Content

Amazon has joined the bandwagon of incorporating sports content in its operations. Read on for details:

Dynamite News

Kenya Proposes 23-Point Plan to Strengthen Economic Ties with Saudi Arabia

Kenyan Minister of Trade and Industry Moses Kiarie and an accompanying delegation of Kenyan institutions and companies have met with representatives of the Saudi business sector at the headquarters of the Federation of Saudi Chambers. During the meeting, the minister proposed a 23-point plan to strengthen and advance Kenya's economic…

Asharq Al-Awsat

Fortnite maker to pay $520M for privacy, e-commerce abuses

The maker of the popular Fortnite video game will pay $520 million in penalties and refunds to settle complaints revolving around children’s privacy and its payment methods that tricked players into making unintended purchases

The Independent UK

Reviving sales at Kay and Zales: How Gina Drosos pulled America’s biggest jeweler out of a long slump

Gina Drosos led the owner of Kay Jewelers and Zales into e-commerce and cleaned up a toxic management culture. Can she tame inflation, too?

Fortune

Alibaba's free trade hub in Thailand begins trial operation

A free-trade-zone project in Thailand, launched in 2018 by Alibaba Group Holding while company founder Jack Ma was still CEO, has finally started trial operation.

Bangkok Post

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Insider UK

Snappy Shopper raises seven-figure growth funding

E-commerce platform for local shops reveals plans to expand internationally

Axios

Pandemic e-commerce boom here to stay

Internet commerce has grown explosively over the past five years.

Kiplinger

The Best Monthly Dividend Stocks to Buy Right Now

Your bills come monthly. Why not your dividend checks? These are some of the best monthly dividend stocks for income planning.

The Walrus

BEES: Labatt’s New B2B Ecosystem Launches in Canada

Labatt’s game-changing e-commerce platform is transforming what a beer and beverage company can be

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Bangkok Post

Easing in e-commerce market growth

Thailand's e-commerce market is expected to experience slower growth from this year's estimated 18%, dipping to single digits in 2023 as more shoppers return to stores after Covid infections eased, says the Thai E-Commerce Association (Theca).

Wales Online

Jobs with 'London-esque' salaries helping to attract tech workers at Amazon-owned firm in Swansea

The online retail giant liked the look of e-commerce firm Veeqo, which former Llanelli schoolboy Matt Warren founded nine years ago

Birmingham Post

Exeter web design business Sellerdeck acquired by London tech group

The Devon firm specialises in software designed to help online retailers simplify and speed up sales processes

The Independent UK

Cyber Monday deals lure in consumers amid high inflation

Days after flocking to stores on Black Friday, consumers are turning online for Cyber Monday to score more discounts on gifts and other items that have ballooned in price because of high inflation

Dynamite News

Govt Announces New Norms To Curb Fake Online Reviews Of Products, Services

E-commerce players like Amazon and Flipkart will have to voluntarily disclose all paid consumer reviews of products and services offered on their platforms. Read on for details:

Asharq Al-Awsat

Amazon Confirms it Has Begun Laying off Employees

Amazon confirmed on Thursday that it is laying off staff, after days of rumors that the e-commerce behemoth would become the latest tech giant to unleash a large-scale redundancy plan amid a souring economic environment. "The economy remains in a challenging spot and we've hired rapidly the last several years,"…

Bangkok Post

Japan, Thailand ink new economic partnership plan

Japan and Thailand on Thursday adopted a new economic partnership plan ranging from digital trade and e-commerce to quality infrastructure development in an effort to further enhance bilateral ties.

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