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The Latest Breaking News from e-commerce

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

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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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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

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 Times of India

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

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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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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? Amid uncertainty about inflation, the best monthly dividend stocks can help your 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

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 Times of India

Chinese billionaire Jack Ma living in Tokyo after China's crackdown against firms: Report

BEIJING: Chinese billionaire and e-commerce giant Alibaba founder Jack Ma who ran into trouble with the Chinese government over violating anti-monopoly regulations and kept a low profile since 2020 is now living in Tokyo for about six months, according to a media report on Tuesday.

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