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The Latest Breaking News from e-commerce

Krungsri Finnovate unveils B1bn fund for tech startups

Krungsri Finnovate, a corporate venture capital arm under Bank of Ayudhya, has joined forces with Pawoot Pongvitayapanu, founder of e-commerce solution provider Tarad.com, to set up a 1-billion-baht trust fund to invest in early-stage startups.

Bangkok Post

The 4 Best Grocery Store and Supermarket Stocks to Buy Now

Growth prospects of the grocery industry are anticipated to be bolstered by improved consumer sentiments and surging e-commerce adoption. Given this backdrop, quality grocery store and supermarket stocks Walmart (WMT), Albertsons Companies (ACI), Casey’s General Stores (CASY), and Sprouts Farmers Market (SFM) might be solid buys now. Read on….

StockNews.com

JD Central to end Thai operations on March 3

E-marketplace JD Central announced it will end its operations in Thailand on March 3, bringing down the curtain on its six years of operating an e-commerce business in the country.

Bangkok Post

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Big interview: OnBuy’s CEO on the online marketplace's rapid rise

BusinessLive spoke the Bournemouth-based firm's founder Cas Paton on its fast growth in a short space of time and its plans for 2023

Birmingham Post

Love Island: Who is Spencer? Meet the e-commerce business owner and relative of Netflix star

Spencer entered the villa alongside fellow bombshell Ellie

The Independent UK

Love Island: Who is new bombshell Spencer? Meet the e-commerce business owner and relative of Netflix star

Spencer entered the villa alongside fellow bombshell Ellie

The Independent UK

Love Island: Who is bombshell Spencer? Meet the e-commerce business owner and relative of Netflix star

Spencer entered the villa alongside fellow bombshell Ellie

The Independent UK

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Outcry over police VIP airport escort service

Tourism operators have slammed the Thai police VIP escort service sold online in China, saying the move severely damaged the image of Thailand.

Bangkok Post

Amazon closes one London Fresh store, opens another as expansion plans slow

The e-commerce giant first introduced the high-tech shops in London in March 2021

Evening Standard

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

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

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Asharq Al-Awsat

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…

The Independent UK

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 Times of India

Data protection norms key to ensure retail, e-commerce not hit by big tech's data collection practices: CAIT

NEW DELHI: The Confederation of All India Traders (CAIT) has emphasised that the data protection rules are critical to ensure that retail and e-commerce sectors are not negatively impacted by data collection and processing activities of big tech companies.

The Independent UK

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

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news in one place.

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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

Dynamite News

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:

Asharq Al-Awsat

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…

The Independent UK

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

Fortune

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?

Bangkok Post

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.

Insider UK

Snappy Shopper raises seven-figure growth funding

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

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