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The Latest Breaking News from e-commerce

What is the metaverse, and what can we do there?

You’ve likely heard recently how the metaverse will usher in a new era of digital connectivity, virtual reality (VR) experiences and e-commerce. Tech companies are betting big on it: Microsoft’s massive US$68.7 billion acquisition of game developing giant Activision Blizzard reflected the company’s desire to bolster its position in the…

The Conversation

Cold beer to your door: brewers in Latin America go direct

With COVID-19 lockdowns normalising home delivery of everything from fast food to aspirin, brewers are tapping into a lucrative new sales format - delivering cold beer on demand to consumers still gathering at home with friends even as bars reopen.

Reuters

eBay To Open LA Pop-Up Store For Sneaker Shoppers

eBay (NASDAQ: EBAY) is moving beyond its e-commerce platform to operate a pop-up brick-and-mortar retail store that sells sneakers.

Benzinga

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As Omicron Subsides, Dada Nexus Could Be Riding Into E-Commerce Gilded Era

Key takeaways: • Dada Nexus’ revenue grew strongly in the first quarter, after excluding the impact of a change to the way it pays riders for certain delivery services

Benzinga

THG shares rocket as Nick Candy circles and separate bid rejected

The e-commerce company rejected a ‘highly preliminary’ 170p-a-share bid from Belerion Capital Group and King Street Capital Management but analysts think THG will continue to be a takeover target

Evening Standard

Truist Is Cautious Over Alibaba Despite Its Bullish Rating - Read Why

Truist analyst Youssef Squali believed that the slowdown in online sales would affect Chinese e-commerce giant Alibaba Group Holding Limited (NYSE: BABA).

Benzinga

Treez Rolls Out Integration Of Cannabis Cloud Commerce Platform With Tymber's E-Commerce Platform

Treez, a leading provider of an enterprise cloud commerce platform for retail and supply chain operations in the cannabis market, will integrate with Tymber's e-commerce platform, which enables cannabis retailers to enhance the omnichannel experience with cashless payments, dynamic (ice cream truck) delivery, SEO optimized menus and native mobile

Benzinga

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LXRandCo Registers 64% Revenue Growth In April

LXRandCo, Inc. (TSX:LXR) (TSX:LXR) (OTC:GGBBF) stated that its total net revenue estimates for April 2022 were C$1.9 million (+64% year-over-year) and the latest twelve months (LTM) period ending April 30, 2022, were C$20.5 million (+82% Y/Y). E-commerce net revenue was C$1.1 million (+17% Y/Y) for April and C$12.3 million (+113% Y/Y) for LTM…

Benzinga

NY agency files discrimination complaint against Amazon

A state agency in New York has filed an administrative complaint against Amazon, alleging the e-commerce giant discriminated against pregnant and disabled workers by denying them “reasonable accommodations” and forcing them to take unpaid leave

The Independent UK

JD.com Quarterly Growth at Eight-Year Low Amid Virus Restrictions

E-commerce giant’s revenue beats estimates despite nationwide consumption slump amid lockdowns and snarled logistics

Caixin Global

SERP-Flipkart tie-up mooted in Jangaon district

WARANGAL

The Hindu

Warehouses thrive as e-commerce booms

With an improving pandemic outlook, the logistics and warehouse sector is continuing to grow, mainly attributed to robust e-commerce business and rising demand from the electronics and automotive industries following the country's reopening.

Bangkok Post

Why NextPlat Are Trading Higher After Hours

NextPlat Corp (NASDAQ:NXLP) reported a first-quarter net sales increase of 144% year-over-year to $3.58 million, driven by continued strong global demand for satellite-based connectivity and communications products and services. The Company achieved triple-digit growth across several key markets, all-time high average transaction values, and a record increase of 750% in direct non-eCommerce…

Benzinga

Thai market holds promise for eBay

Global e-commerce giant eBay says it sees increasing potential for various export products from Thailand, particularly jewellery, diamonds, gemstones and collectable cards, while the company is stepping up efforts to onboard suppliers of these items.

Bangkok Post

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StockNews.com

Is ContextLogic a Buy Under $2?

Currently trading at $1.54, popular mobile e-commerce platform ContextLogic (WISH) has seen its shares tumble in price over the past month on investor pessimism surrounding the company’s unimpressive first-quarter performance. And given that WISH continues to grapple with multiple near-term headwinds, is it worth betting on the stock at its…

Asharq Al-Awsat

Tech Titans Curb Hiring in a 'Challenging Macro Environment'

From e-commerce colossus Amazon to social networking star Facebook, US tech firms that once grew with abandon have reined in hiring to endure tumultuous times. Internet giants that saw business boom during the pandemic have taken a hit from inflation, war, supply-line trouble and people returning to pre-Covid lifestyles, said…

Benzinga

Alibaba Downsizes Russia Joint Venture Workforce By 40% Amid Geopolitical, Regulatory Uncertainty

Alibaba Group Holding Limited's (NYSE:BABA) joint venture in Russia has laid off about 40% of employees, Nikkei Asia reports. It was not clear if there would be more layoffs after some of the laid-off staff chose to leave voluntarily and a few relocated, Reuters reports. Alibaba and Russian partners launched AliExpress Russia joint…

Benzinga

CLSA Expects SoftBank To Focus More On Buybacks Than High Growth Stocks Like Alibaba

Softbank Group Corp (OTC:SFTBY) (OTC:SFTBF) may, for the first time, spend more on share buybacks than investments through its landmark Vision Fund as the firm goes into "defense" mode, according to CLSA's Oliver Matthew. "I think that the comments yesterday from Masayoshi Son made it very clear we're in defense round…

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Bangkok Post

Alibaba's first Thailand data centre goes live

Alibaba Cloud, the cloud computing service arm of Chinese e-commerce giant Alibaba Group, has launched its first data centre in Thailand to capitalise on the country's cloud market and support the nation's 20-year strategic plan.

Bangkok Post

COVID fuels e-commerce. In search of future opportunities

Ready for e-commerce in 2022

Birmingham Post

Two Staffordshire firms join forces in seven-figure acquisition

The deal will take Unknown Marketing and MOOT Group's combined projected turnover to £50 million in 2022

Bangkok Post

LINE Shopping targets hefty growth this year

Social commerce platform LINE Shopping targets 150% growth in the number of participating shops and a rise of 200% in gross merchandise value (GMV) this year, thanks to dynamic growth activities connected to social commerce, which now accounts for 61% of total e-commerce value.

StockNews.com

5 Stocks to Avoid on a Slowdown in E-Commerce Sales

Amid vexing inflation and hawkish federal monetary policy stance, the e-commerce sector suffered a significant earnings decline in its latest quarter. Given the bearish market sentiment, we think it could be wise to now avoid overvalued e-commerce stocks Etsy (ETSY), eBay (EBAY), Shopify (SHOP), Amazon.com (AMZN), and Wayfair (W). Read…

Benzinga

Why Did The Nasdaq Index Fall 5% On Thursday?

The Nasdaq Composite Index, the benchmark for technology stocks in the US, fell to its lowest level since November 2020 on Thursday, May 5, which can be attributed to a number of factors, including lacklustre earnings from e-commerce firms like eBay (NASDAQ: EBAY) and macro-economic factors like the Federal R

Bangkok Post

The Tech Industry's Epic Two-Year Run Sputters

The technology industry, which powered the U.S. economy during the pandemic and grew at tremendous scale during a decade of ultralow interest rates, is confronting one of the most punishing stretches in years.

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