The Latest Breaking News from e-commerce

Thailand's internet economy is expected to rise 17% year-on-year to US$35 billion in gross merchandise value (GMV) in 2022, driven by e-commerce, eventually reaching $53 billion in 2025, according to the "e-Conomy SEA 2022" report by Google, Temasek and Bain & Company.

Key Takeaways: Gome’s revenues are falling sharply despite gains for its online business, as tumbling sales at its brick-and-mortar stores lead to layoffs and closures

Key Takeaways: New Oriental Education returned to profitability in its latest reporting quarter, as its revenue declines continued to ease The company’s new business mix after China banned K-12 tutoring in core curriculum areas includes non-academic tutoring and study abroad services By Doug Young

Chinese e-commerce giant Alibaba Group Holding has vowed to support merchants with the necessary tools to help them succeed in its 11.11 global shopping festival, which was officially launched yesterday.

Key Takeaways: Nearly two months after its launch, Pinduoduo’s cross-border e-commerce Temu app is among the top U.S. e-commerce apps based on new download rankings Despite its early success, the app will face a series of challenges in its target U.S. market, including cutthroat competition and high marketing expenses

E-commerce has grown rapidly over the past five years, with expansion accelerating since the pandemic. Though growth has moderated from pandemic highs as restrictions on activity recede, the property services firm CBRE expects future expansion in Asia-Pacific to continue to outpace the rest of the world.

The retail industry continues to do well despite surging commodity prices, supply chain disruptions, and labor shortages, thanks to the expansion of e-commerce. Therefore, fundamentally strong retail stocks, such as Buckle, Inc. (BKE), J.Jill, Inc. (JILL), and Movado Group (MOV), could be promising investments. On the other hand, avoiding The…

Dubai-listed courier firm Aramex said on Wednesday it had bought Florida-based e-commerce company Access USA Shipping LLC (MyUS) for about $265 million in an all-cash deal. The transaction, after having obtained all the necessary regulatory approvals, marks Aramex’s largest acquisition to date, it said. Abu Dhabi sovereign wealth fund ADQ…

Thailand's e-commerce is expected to post US$23 billion in gross merchandise value (GMV) this year, up 18% year-on-year, but the growth is much smaller than the previous year, weighed down by economic headwinds, according to a new survey by Facebook parent firm Meta and consultancy Bain & Company.

Entrepreneurship is an engine of economic growth but it can only move into top gear when there are more women.

After a decade of fierce battle in the e-commerce industry, offering huge promotions, subsidies and discount campaigns, the competition is expected to cool down as operators focus on profit and sustainable growth instead of burning cash to attract users.