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The Latest Breaking News from e-commerce

Internet Blackout Damages Iran’s Post, E-Commerce

The National Iranian Post Company announced Sunday it is assessing its profits as Iranian authorities continue to block access to mobile networks and communication platforms as a means to curb the raging protests. Iran restricted access to Instagram and WhatsApp despite warnings that internet blackout would disrupt the retail ecommerce…

Asharq Al-Awsat

Cross-Border E-commerce Trader Zibuyu Files for IPO Despite Sinking Profits

Key Takeaways: Cross-border e-commerce company Zibuyu has filed for a Hong Kong IPO, but could be undermined by its heavy reliance on Amazon and the U.S. market The company’s first-half profit plunged 46% as its merchandise return rates and costs both rose sharply By Stone Shek

Benzinga

Internet Blackout in Iran Threatens 400,000 Professions, Risks Unemployment of 1 Million Iranians

The E-Commerce Association in Tehran warned Thursday of a new collapse in the labor market. It said that 400,000 Iranian businesses were at risk of going bust and one million people will likely lose their jobs as a result of the internet blackout. The Association issued a statement on its…

Asharq Al-Awsat

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Scottish businesses are 'missing out on export opportunities'

New research from a Chinese e-commerce giant suggests that the biggest barrier is paperwork and customs rules

Insider UK

Saudi Arabia Penalizes 24 Promoters for Violating E-Advertisement Rules

Saudi Ministry of Commerce has arrested 24 advertisers for violating e-advertising controls stipulated in the e-commerce law and its executive regulations for social media platforms. The promoters committed four violations on Snapchat, Twitter, Instagram, and TikTok, including deceiving and misleading consumers, false allegations, promoting unlicensed activity, and failure to disclose…

Asharq Al-Awsat

Toys R Us website finally returns to UK - just weeks before Christmas

The e-commerce platform is currently selling around 14,000 toys from over 100 suppliers. It offers free delivery on all orders over £20 and next-day delivery on all orders placed before 6pm

Daily Mirror

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The Hindu

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1 Stock You Shouldn't Waste Your Time on This Fall

Mobile e-commerce platform ContextLogic (WISH) has seen its share price fall over the past year due to investor skepticism about the company's poor fundamentals and bleak growth prospects. Furthermore, the company expects sluggish growth due to changing consumer spending patterns. Therefore, we think the stock is best avoided now. Read…

StockNews.com

Indian company announces 11-day mental health break for its employees

E-commerce platform Meesho says employees would like ‘much-needed time off to reset and recharge’

The Independent UK

Shopee inks pact to help empower SMEs

The Commerce Ministry's International Trade Promotion Department on Monday signed a Memorandum of Understanding (MoU) with Shopee, an e-commerce platform, to empower small and medium-sized enterprises (SMEs) to showcase their quality products and sell their products online.

Bangkok Post

Asean to top export growth

Asean is expected to lead the world in terms of export growth from 2021 to 2026, followed by South and Central Asia, according to a report by global logistics provider DHL.

Bangkok Post

Online payments: A headache for Ivory Coast’s e-merchants

The e-commerce market is booming in Ivory Coast, French-speaking Africa’s largest economy. Currently worth around €46 million, it’s set to grow even more in coming years alongside the population. However, e-traders face a host of systemic challenges, from high transfer fees to restrictions on global online payment platforms such as…

France 24

Bombay High Court stays order directing Facebook to pay man for non-delivery of product

The Commission had directed the companies to pay ₹599 for non-delivery of a product purchased online and ₹25,000 for causing mental agony

The Hindu

King Charles' reaction when man asks him for beer goes viral

The new monarch was shown to have a witty side much like his late mother, Queen Elizabeth, as he replied to the senior e-commerce specialist from Birmingham

Irish Mirror

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France 24

California sues Amazon for anti-competitive practices

The US state of California has filed a lawsuit against Amazon, accusing the e-commerce giant of violating its antitrust law by blocking price competition and making online shopping more expensive for consumers. The lawsuit is limited to California, but, if successful, could trigger similar action in other states. Plus, inflation…

Los Angeles Times

California launches suit against Amazon alleging anticompetitive contracts with retailers

California Attorney General Rob Bonta announced a lawsuit against Amazon on Wednesday, accusing the Seattle-based e-commerce giant of anticompetitive behavior in its dealings with third-party merchants.

Daily Mirror

Mark Wright's fitness app 'hit by £20k loss after work colleague goes bankrupt'

Former TOWIE star Mark Wright is reportedly facing £20k losses over his fitness app Live Wright after e-commerce company Catalyst Global goes into liquidation

The News Lens

TNL Media Group Announces the Acquisition of iCook, Symbolizing Their Entry Into E-commerce as Well as a Giant Addition to the Group’s App and Paid Subscription Business

TNL Media Group officially announces their acquisition of the leading food and recipe lifestyle media iCook. Besides increased readership scale and new products that can be offered to readers, this acquisition symbolizes a crucial next step to rapidly expand the group’s existing paid subscription business and enter e-commerce services.

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Bangkok Post

Live chat boosts social commerce sales

Sales volume via social commerce is expected to surge, equalling e-marketplaces within a few years thanks to the popularity of live and chat commerce and the high penetration rate of social media users in the country, says Zortout, an e-commerce solutions provider.

The New Daily

Amazon poised to dethrone Ebay as Australia’s top online retailer

Australia’s e-commerce industry is standing at the precipice of a monumental shift, as new data predicts Amazon is on track to dethrone Ebay.

Asharq Al-Awsat

Saudi Arabia Unveils 10 Initiatives to Develop Online Stores

The Saudi Ministry of Commerce announced on Wednesday 10 initiatives to develop the sector of electronic stores, based on the results of a survey that measured consumer satisfaction with the performance of e-commerce in the Kingdom. The study, which surveyed more than 6,000 people, highlighted four main challenges facing consumers,…

The Independent UK

How self-service business intelligence is changing the retail industry

THE ARTICLES ON THESE PAGES ARE PRODUCED BY BUSINESS REPORTER, WHICH TAKES SOLE RESPONSIBILITY FOR THE CONTENTS

Benzinga

Stock Splits Led To Big Gains In Tesla And Apple, But Amazon Stock Has Underperformed: Will The E-Commerce Giant Try A Spinoff Next?

Stock splits have become increasingly popular among mega-cap companies with lofty share prices as splits often lead to increased attention and an appreciation in underlying stock prices, but Amazon.com Inc (NASDAQ: AMZN) has not seen said benefits since announcing a split in March.

Bangkok Post

Central Group plans $1.3bn push in Europe after Selfridges

Thailand's biggest retailer Central Group said on Tuesday it planned to expand its footprint in Europe further with investments worth nearly €1.3 billion euros (US$1.29 billion) over five years in new stores, upgrades and e-commerce.

Bangkok Post

Lazada ready for push into Europe

Lazada is preparing to make its first foray into Europe, building on the success of the Alibaba-owned e-commerce platform in Southeast Asia, as it seeks to take on rivals such as Amazon.com and Zalando.

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