The Latest Breaking News from e-commerce

Key takeaways: Xiaohongshu’s recent major layoffs could reflect a tough advertising market, even as it framed the move as normal workforce turnover Others reportedly laying off large numbers of workers include top livestream gaming platforms Huya and DouYu, whose planned merger was nixed by regulators last year

Signet Jewelers (SIG) posted solid fundamental performance thanks to robust growth in its e-commerce business and smooth progress in its Inspiring Brilliance strategy in its fiscal fourth quarter. In addition, the company is striving to strengthen its data analytics skills and is looking forward to bringing the connected commerce concept…

American retail giant Walmart Inc.'s (NYSE: WMT) Indian e-commerce arm Flipkart has launched an in-house innovation unit called 'Flipkart Labs' to explore ways to expand into the Metaverse and Web3. 

Springbig, provider of SaaS-based marketing solutions, consumer mobile app experiences, and omnichannel loyalty programs to the cannabis industry, introduced its loyalty integration platform with Tymber, e-commerce platform for digital growth.

SINGAPORE/SHANGHAI: Alibaba Group plans to expand its Southeast Asian arm, Lazada, to Europe, two sources familiar with the matter told Reuters, as the Chinese e-commerce company seeks further overseas growth amid slowing opportunities at home.

NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) has reserved its order on Amazon's plea challenging the decision of regulator CCI to suspend approval for the e-commerce major's deal with Future Coupons.

Sterling Construction Company, Inc's (NASDAQ:STRL) E-Infrastructure Solutions segment reported new awards of $278 million during the first quarter of 2022. Sterling's E-Infrastructure projects include large-scale site development services for e-commerce distribution centers, data centers, and warehouses. "Our E-Infrastructure Solutions segment has delivered a strong start for 2022, as is evident with the awarded…

Ryder System, Inc. (NYSE:R) opened a third multiclient omnichannel distribution center in Columbus, Ohio. The center is ~440,000 square feet and is the largest Ryder e-commerce distribution center in the Columbus area. "This latest expansion aligns with our broader strategy to get ever-closer to the end consumer to continually improve our customers'…

The future of e-commerce could be coming to a local mall near you.

Credit Suisse reiterated its Outperform rating on Amazon.com Inc (NASDAQ:AMZN), leaving its price target unchanged at $4,100 (38.3% upside) ahead of its Q1 FY22 results. Amazon had spent more money on e-commerce-focused CapEx in the last two years than it has in the prior decade preceding the pandemic, with greater willingness to own fulfillment/transport…

The government vows to move forward with its e-commerce development plan, aiming to increase domestic e-commerce revenue to more than 7.1 trillion baht by 2027, average growth of 10% annually.