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The Latest Breaking News from e-commerce

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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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.…

France 24

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 Guardian - US

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

The Hindu

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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….

StockNews.com

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.

Fortune

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.

The Hindu

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.

Kiplinger

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

The Guardian - US

Roku Partners With Instacart on Measuring Impact of Streaming TV Ads

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

TV Tech

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StockNews.com

Opportunity Knocking: Add These 2 Shipping Bargains to Your Portfolio

The shipping industry is expected to benefit from the growth of e-commerce and the rising adoption of technologies such as artificial intelligence. So, fundamentally strong shipping stocks AerCap (AER) and Radiant Logistics (RLGT), trading at discounts, might be solid additions to your portfolio. Keep reading.

StockNews.com

3 Retail Titans Benefiting From Online Shopping Boom

The growing adoption of cutting-edge technologies has improved the overall shopping experience for consumers, and the popularity of e-commerce has enabled retailers to expand their reach. Amid the rapidly growing e-commerce market, retail titans Ulta Beauty (ULTA), Murphy USA (MUSA), and Yatsen (YSG) could be ideal investments. Keep reading.

Caixin Global

Meituan Muscles In on Livestreaming E-Commerce With Inaugural Event

Some $12.5 million in coupons were sold during a marketing extravaganza that included an 11-hour livestream shopping show, featuring brands such as Luckin Coffee and budget boba tea chain Mixue Bingcheng

Birmingham Post

The Storage Place creates 40 new jobs as investment sparks expansion

The Gateshead warehouse operator is launching in County Durham after a six-figure funding deal

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Reuters

Great shortfall of China: Australia's biggest tourism market returns with a whimper

(Refiles to add full name, company details in par 16)

The New Daily

Consumers warned to protect themselves while using e-commerce apps

E-commerce apps can be convenient but may also threaten user security and privacy. Here are some tips to help users stay safe.

Asharq Al-Awsat

‘Era Has Passed’ as Beijing Subway Drops Mandatory COVID Mask Rule

Beijing's subway has dropped mandatory mask requirements for travellers, local media reported on Sunday, days after a Chinese health expert said the threat of COVID-19 to humans is no longer at a serious level. The mask move is in line with broader measures by China, which said last week it…

Bangkok Post

Amazon, state agency launch scheme

Amazon Global Selling and the Department of International Trade Promotion (DITP) plan to elevate their collaboration to further promote Thai brands through global e-commerce, aiming to push the sector's value to 664 billion baht by 2027.

The Guardian - UK

As the west tries to limit TikTok’s reach, what about China’s other apps?

With government concerns over national security growing, Beijing’s influence over platforms such as WeChat and Shein could come under scrutiny

Tribune News Service

Walmart bets on warehouse robots, dangles profit potential

Walmart Inc. is betting on greater supply-chain automation and hinting that a recent investment binge might lift profit beyond the retailer’s stated long-term goals.

Caixin Global

Weekly Must-Read: Alibaba Splits Into Six Business Units in Biggest Overhaul

The $220 billion e-commerce colossus will become a holding company and grant management and financing independence to the new enterprises

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