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The Latest Breaking News from e-commerce

E-marketplace Shopee is pursuing layoffs across markets in Asean, including Thailand, according to industry sources, as the company is believed to have become more cautious about spending and more focused on attaining profitability rather than burning cash.

Bangkok Post

Russia’s Wildberries Selling Zara Clothes Online despite Inditex Halting Operations

Russian e-commerce leader Wildberries is still selling clothes from Inditex brands that have suspended operations in the country, including the Spanish group's main Zara label. The TASS news agency reported on Tuesday that Zara items were being sold on Wildberries, which the Russian company confirmed. Inditex is one of many…

Asharq Al-Awsat

Is Alibaba a Buy After Its Recent Gains?

Shares of e-commerce giant Alibaba Group Holding (BABA) gained momentum earlier this month after the government gave the green light to revive its subsidiary Ant Group’s dual listing. However, given its declining profit margins, is BABA an ideal investment now? Read more to find out.

StockNews.com

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This Alibaba Competitor Undertakes Aggressive Job Cuts Across Multiple Southeast Asian Markets

Sea Limited's (NYSE:SE) e-commerce arm Shopee laid off staff across multiple markets, DealStreetAsia reports. The layoffs to rationalize its e-commerce business encompassed several Southeast Asian markets, including Indonesia, Thailand, and Vietnam. Shopee's payments arm ShopeePay and food delivery business ShopeeFood also faced cuts. The competitor of the Alibaba Group Holding Limited (NYSE:BABA) hosted a general…

Benzinga

Shopee owner Sea Ltd cuts jobs in shopping, food

Sea Ltd is making its first major job cuts in areas spanning shopping and food, joining other tech firms downsizing this year in anticipation of unprecedented market and economic volatility.

Bangkok Post

Tencent Buys $264M Stake In Walmart's Indian Unit

Chinese tech conglomerate Tencent Holdings Ltd. (OTC: TCEHY) has bought a $264 million stake in Walmart Inc (NYSE: WMT)-owned Indian e-commerce firm Flipkart, Press Trust of India

Benzinga

James Star Significantly Increases His Stake In Pet Products Focused Company Chewy (CHWY)

Last Christmas we highlighted an insider purchase by an independent director of Chewy and wrote the following about the company,

Benzinga

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Government asks Swiggy, Zomato and others to submit plans in 15 days for improving complaint redressal

The Department of Consumer Affairs will soon hold a meeting with edtech firms like Byju's and Unacademy amid complaints that these platforms put extra study pressure on schools

The Hindu

'You're Going To Get Ripped Off': Why These Investors Say You Should Avoid Alibaba Stock

Alibaba Group Holding Ltd (NYSE: BABA) shares have sustained a significant rally over the last month, but some see trouble ahead for the Chinese e-commerce giant amid a murky regulatory landscape both overseas and in the U.S.

Benzinga

Lantern Expands Cannabis Delivery Service In Massachusetts Via Partnership With Doobie

Lantern, the leading on-demand cannabis e-commerce marketplace and home delivery platform in the U.S., entered into a partnership with Doobie in Massachusetts.

Benzinga

After its Stock Split, is Now a Good Time to Buy Amazon.com?

E-commerce giant Amazon.com (AMZN) administered a 20-for-1 stock split on June 6. So, shares of AMZN are currently trading below $1,000 for the first time since 2017. However, given the company's bleak growth prospects and significant operational headwinds, is AMZN a good buy now? Read more to learn our view.

StockNews.com

Why Bilibili Shares Are Plunging Today

Bilibili Inc (NASDAQ:BILI) reported first-quarter FY22 revenue growth of 30% year-on-year to $797.3 million, beating the consensus of $757.6 million. Drivers: Average monthly active users (MAUs) increased 31% Y/Y to 293.6 million, and Mobile MAUs rose 33% Y/Y to 276.4 million. Average daily active users (DAUs) climbed 32% Y/Y to 79.4 million, and Average…

Benzinga

Alibaba Hands Out Bulk Of 2021's Antitrust Penalty; China Signals Ease In Crackdown As It Continues To Monitor Tech Sector

E-commerce giant Alibaba Group Holding Ltd (NYSE: BABA) and on-demand service platform operator Meituan (OTC: MPNGY) jointly handed out 92% of China's antitrust fines,

Benzinga

If You Invested $1000 in Amazon When Jeff Bezos Quit As CEO, Here's How Much You Would Have Now

Amazon.com, Inc (NASDAQ: AMZN) founder Jeff Bezos was the CEO of the e-commerce giant for 27 years. The company was launched from Bezos’ garage in Bellevue, Washington on July 5, 1994, as an online book store.

Benzinga

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Benzinga

Tommy Bahama & Lilly Pulitzer Owner Posts Solid Q1 Earnings; Lifts FY22 Outlook

Oxford Industries Inc (NYSE:OXM) reported first-quarter FY22 sales growth of 33% year-on-year to $352.6 million, beating the consensus of $329.02 million. Net sales from Tommy Bahama increased 46% Y/Y, Lilly Pulitzer rose 25%, and Emerging Brands gained 42%. Full price e-commerce sales grew 20% compared to Q1 FY21. Restaurant sales climbed 23%, and…

Bangkok Post

Lazada, Shopee, JD Central rack up losses to gain users

Marred by intense competition and several promotional campaigns, the three major e-commerce operators in Thailand have racked up a combined 39 billion baht in operational losses over the past seven years, according to Creden Data, a data analytics service provider.

The Guardian - UK

TikTok investigating claims of UK-based executive saying he ‘didn’t believe’ in maternity leave

UK-based e-commerce boss Joshua Ma to step back from role, according to reports

The Independent UK

China's online "tank" cake snafu raises Tiananmen questions

An online snafu involving China’s most popular e-commerce livestreamer and a cake decorated to look like a tank has raised questions among some Chinese over the violent crackdown on pro-democracy protests in Beijing's Tiananmen Square on June 4, 1989

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Benzinga

What's In Ryan Cohen's Portfolio? Just These Two Stocks

Ryan Cohen, the activist investor behind GameStop Corp. (NYSE: GME) made himself famous in 2017 when he sold Chewy.com (NYSE: CHWY), the e-commerce company he founded in 2011, for a record $3.35 billion to t

Benzinga

Else Nutrition Enters Chinese Market Via Distribution Deal With Baozun

Else Nutrition Holdings Inc (TSX:BABY) (OTC:BABYF) has inked an agreement with Baozun Inc (NASDAQ:BZUN), an e-commerce solutions provider in China, and expects to start selling Else products in China in Q3. Else Nutrition noted China's infant formula market is projected to grow at a CAGR of 8%. Through Baozun's e-commerce, end-to-end solutions, Else Nutrition would…

Benzinga

Amazon Stock Could Find Popularity With Retail Investors Once Again After Stock Split

Amazon.com, Inc (NASDAQ: AMZN) 20-for-1 stock split that took effect Monday could potentially draw retail investors to the shares of the e-commerce giant.

StockNews.com

2 Top Cosmetic & Beauty Stocks to Enhance Your Portfolio

The rising awareness regarding well-being and grooming and manufacturers focusing on enhanced offerings are expected to drive the cosmetics and beauty products market’s growth. Moreover, increasing investment in digital marketing strategies and strengthening e-commerce channels should foster product demand. Given this backdrop, the fundamentally strong beauty stocks Coty (COTY) and…

Salon

A "warehouse" by any other name

Outdated zoning codes are fueling the sprawl of e-commerce warehouses

Benzinga

APPlife Digital Solutions Launches Cannabis And CBD Products E-Commerce Site 'Global Hemp Service'

APPlife Digital Solutions, Inc. (OTCQB: ALDS), a business incubator and portfolio manager that invests in and creates e-commerce and cloud-based solutions announced that the Global Hemp Service LLC website has recently completed its extended beta period and is now a f

Benzinga

Walmart Targets Faster Deliveries Via 4 Fulfillment Centers, Intensifies Rivalry With Amazon

Walmart Inc (NYSE:WMT) plans to build four new e-commerce fulfillment centers using an automated system to speed deliveries firing up rivalry with Amazon.com Inc (NASDAQ:AMZN). Walmart will open its first warehouse in Joliet, Illinois, this summer. Walmart will build additional centers in Indiana, Pennsylvania, and Texas over the next three years, Bloomberg reports. E-commerce giants like Alibaba Group Holding Limited (NYSE: BABA) and…

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