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The Latest Breaking News from e-commerce

COVID can't break South Africa's love affair with shopping malls

With two days to go until opening to the public, workers rush to put the finishing touches on the Kwena Square shopping complex, a shiny $13 million sign that South Africans are defying the global "retail apocalypse".

Reuters

Alibaba Lays Off 50 Employees As It Shuts Israel R&D Center: Report

Chinese e-commerce giant Alibaba Group Holdings (NYSE: BABA) is shutting down its R&D center in Israel, the company notified its employees on Sunday.

Benzinga

JD, Central rift could herald end of tie-up

A difference in culture and working styles is causing a rift between Central Group and Chinese internet giant JD.com regarding their e-marketplace joint venture JD Central, according to a source familiar with the two companies.

Bangkok Post

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‘Har Ghar Tiranga’ drive | Centre asks firms to arrange Tricolour

Government to start ‘Har Ghar Tiranga’ drive

The Hindu

Struggling Roku Teams Up With Walmart – Buy Or Sell

Streaming platform Roku (ROKU) recently announced its venture into the e-commerce space with its partnership with retail giant Walmart (WMT). The stock jumped on the news. However, the stock is down more than 57% this year. So, is ROKU a Buy or Sell now? Read on to find out.

StockNews.com

Kroger Plans Dairy Production Expansion - Read More For Details

Kroger Co (NYSE:KR) plans to execute a 35,000 square-foot expansion at Tamarack Farms Dairy to support the implementation of an aseptic milk line. Tamarack Farms Dairy serves about 160 stores in Ohio and West Virginia and provides products for Kroger's e-commerce channel. The facility will be able to manufacture products such as half…

Benzinga

Morocco: 6.3 Mln E-Commerce Transactions in Q1 2022

E-commerce websites and billers' websites affiliated to the Interbank Electronic Banking Center (CMI) have carried out 6.3 million online payment transactions via Moroccan and foreign bank cards, for a total amount of 2.3 billion dirhams ($230 million) during the first quarter of 2022. The e-commerce activity is up 34.4 percent…

Asharq Al-Awsat

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Medical services set to see strong growth

The fields of medical services, beauty and e-commerce are tipped to see the brightest prospects in the second half of the year, according to the latest survey by the University of the Thai Chamber of Commerce (UTCC).

Bangkok Post

Open network for digital commerce

What is ONDC and how will it change e-commerce platforms? How will the ONDC network aid online applications?

The Hindu

Read How LightInTheBox Fared In Q1

LightInThe Box Holding (NYSE:LITB) reported a first-quarter FY22 sales decline of 16.3% year-on-year to $93.8 million. Apparel sales increased 13.7% Y/Y to $67.2 million, representing 71.7% of total revenue. The gross margin for the quarter expanded 410 basis points to 50.7%. Loss from operations was $(6.4) million compared to an operating income of…

Benzinga

Is Koolearn's Stock Surge on Boom in Livestreaming Business Just a Blip?

Key Takeaways: The company’s unique bilingual sales pitches by its anchors have drawn millions to the platform, which topped livestream e-commerce rankings for days

Benzinga

Here's How Alibaba Is Reaping Benefits Of Overseas Infra Investments As Domestic Crackdowns Continue To Pinch

Alibaba Group Holding Limited (NYSE: BABA), through its Pakistan e-commerce subsidiary Daraz, expanded its reach across Bangladesh, Sri Lanka, Nepal, and Myanmar, becoming South Asia's largest e-commerce company outside India,

Benzinga

JX Luxventure Adopts $5M Stock Buyback Program; Inks $30M Sales Agreement

JX Luxventure Ltd (NASDAQ:LLL) Board of Directors has authorized a share repurchase program of up to $5 million shares. The funds for the repurchases under the program will be personally provided by the CEO, Sun Lei. The Board thinks the share buyback program will restore shareholder confidence in the company as the current…

Benzinga

Should You Buy Beaten-Down SHOP After the Split?

While Shopify (SHOP) gained massive investor attention amid the pandemic-led e-commerce boom, its shares have slumped significantly year-to-date in 2022. However, given the company’s recent stock split announcement, will its shares rebound in the near term? Let’s discuss.

StockNews.com

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Benzinga

Cluster Of Insiders Purchase Carvana, An E-commerce Platform For Buying And Selling Used Cars - Big Insider Trades

A nearly 6% drop in the S&P 500 index last week spurred insider buying with insiders purchasing more than 4 times as much stock as they did the prior week, reversing three weeks of declining purchases.

StockNews.com

3 Stocks That Just Went From Bad To Worse

Surging inflation and the Fed’s continued interest rate hikes have kept equities under pressure lately, driving the S&P 500 index into bearish territory. Given this backdrop, fundamentally weak stocks Boxed (BOXD), KalVista Pharmaceuticals (KALV), and NeoGenomics (NEO) are best avoided now. These stocks were downgraded from ‘Sell’ to ‘Strong Sell’…

Benzinga

Why Chewy Shares Are Surging Today

Wedbush analyst Seth Basham upgraded Chewy Inc (NYSE:CHWY) from Neutral to Outperform and raised the price target to $35 (8% upside) from $30. The analyst cites favorable pet category dynamics, bottoming e-commerce trends, attractive valuation, and better risk-reward as the reasons for the upgrade. While Seth expects discretionary goods spending pressure to continue in the near-to-medium…

The Conversation

Love Island and eBay: how the reality show could model a radically sustainable future for its young viewers

A recently announced partnership between ITV reality show Love Island and secondhand e-commerce giant eBay sends a strong positive signal about prioritising sustainability over fast fashion.

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StockNews.com

AMZN After the Split: Buy, Sell, Or Hold?

E-commerce giant Amazon.com (AMZN) completed its much talked about 20-for-1 stock split on June 06, 2022, which led its shares to trade below $1000 for the first time since 2017. However, given its premium valuation and rising operational challenges, is it worth owning the stock now? Let’s find out.

Asharq Al-Awsat

Saudi Project to Develop Quality of E-Commerce Data

Considering the growth of e-commerce and the desire to improve the mechanism of data collection related to the sector, Saudi authorities informed all banks in the Kingdom of the need to abide by the operational framework and technical and operational rules for the data quality development project. The Saudi Central…

Bangkok Post

Chinese splash out on tech goods, camping gear in shopping fest

BEIJING: High-end home appliances and camping gear were among Chinese shoppers' most sought-after buys during the "618" shopping festival, according to e-commerce platforms, in a sign of how China's Covid-19 curbs are driving lifestyle changes.

Bangkok Post

Tech disrupted by reality

When Covid-19 emerged more than two years ago, millions of people including myself suddenly found ourselves stuck at home. To survive the unprecedented challenges and stress, I started to befriend mobile apps I hadn't used before to buy things and pay bills online, among them the e-commerce platform Shopee.

ABC News

China's Lipstick King Austin Li was a rich influencer adored by Beijing officials. One mistake triggered his downfall

Austin Li was beloved by young shoppers and the Chinese Communist Party. But when he tried to sell an ice cream cake to millions of his followers, everything went wrong.

Benzinga

Alibaba Could Suffer Fallout As Top Rival Plans Foray In Food Delivery Service

Beijing-headquartered e-commerce giant JD.com Inc (NASDAQ: JD) is mulling a possible foray into the food delivery business, posing an intense competition for its Chinese peers Meituan (OTC: MPNGF) and Alibaba Group

Birmingham Post

Online marketplace OnBuy appoints new chief technology officer

The Dorset e-commerce company said experienced executive Julian Browne would drive its new tech plans

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