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The Latest Breaking News from e-commerce

Internet economy set to generate $35bn in 2022

Thailand's internet economy is expected to rise 17% year-on-year to US$35 billion in gross merchandise value (GMV) in 2022, driven by e-commerce, eventually reaching $53 billion in 2025, according to the "e-Conomy SEA 2022" report by Google, Temasek and Bain & Company.

Bangkok Post

Former Retail Star Gome Hobbled by Declining Revenue, Heavy Debt

Key Takeaways: Gome’s revenues are falling sharply despite gains for its online business, as tumbling sales at its brick-and-mortar stores lead to layoffs and closures

Benzinga

Amazon warns of meager holiday season sales growth

San Francisco (AFP) - Amazon on Thursday predicted a slowdown in sales growth during the year-end holiday shopping season, sending shares in the e-commerce colossus tumbling.

AFP

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New Oriental Emerges from Carnage of Education Cleanup

Key Takeaways: New Oriental Education returned to profitability in its latest reporting quarter, as its revenue declines continued to ease The company’s new business mix after China banned K-12 tutoring in core curriculum areas includes non-academic tutoring and study abroad services By Doug Young

Benzinga

Shopify Stock Soars On Earnings Beat, Reacceleration Of Sales Growth

Shopify reported a smaller-than-expected loss while revenue topped estimates and reaccelerated after six quarters of slowing growth.

Investors Business Daily

Alibaba tools help vendors cash in on 11:11 festival

Chinese e-commerce giant Alibaba Group Holding has vowed to support merchants with the necessary tools to help them succeed in its 11.11 global shopping festival, which was officially launched yesterday.

Bangkok Post

Pinduoduo Finds Early Success in U.S. E-Commerce. Now Comes the Hard Part

Key Takeaways: Nearly two months after its launch, Pinduoduo’s cross-border e-commerce Temu app is among the top U.S. e-commerce apps based on new download rankings Despite its early success, the app will face a series of challenges in its target U.S. market, including cutthroat competition and high marketing expenses

Benzinga

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Omni-channel retail evolution

E-commerce has grown rapidly over the past five years, with expansion accelerating since the pandemic. Though growth has moderated from pandemic highs as restrictions on activity recede, the property services firm CBRE expects future expansion in Asia-Pacific to continue to outpace the rest of the world.

Bangkok Post

3 Solid Retail Stocks to Buy in Q4 and 1 to Sell

The retail industry continues to do well despite surging commodity prices, supply chain disruptions, and labor shortages, thanks to the expansion of e-commerce. Therefore, fundamentally strong retail stocks, such as Buckle, Inc. (BKE), J.Jill, Inc. (JILL), and Movado Group (MOV), could be promising investments. On the other hand, avoiding The…

StockNews.com

You'll Soon Be Able to Find a Birkin on Amazon

The e-commerce giant launched a new luxury resale shop.

The Street

Dubai Courier Firm Aramex Buys Florida MyUS for $265 Mln

Dubai-listed courier firm Aramex said on Wednesday it had bought Florida-based e-commerce company Access USA Shipping LLC (MyUS) for about $265 million in an all-cash deal. The transaction, after having obtained all the necessary regulatory approvals, marks Aramex’s largest acquisition to date, it said. Abu Dhabi sovereign wealth fund ADQ…

Asharq Al-Awsat

Uneven recovery hinders sector's growth

Thailand's e-commerce is expected to post US$23 billion in gross merchandise value (GMV) this year, up 18% year-on-year, but the growth is much smaller than the previous year, weighed down by economic headwinds, according to a new survey by Facebook parent firm Meta and consultancy Bain & Company.

Bangkok Post

Amazon workers reject union in latest US warehouse vote

New York (AFP) - Workers at an Amazon warehouse in the state of New York voted decisively against establishing a union, US officials announced Tuesday, dealing a setback to the fledgling labor drive at the e-commerce behemoth.

AFP

More women entrepreneurs mean less global poverty

Entrepreneurship is an engine of economic growth but it can only move into top gear when there are more women.

360info

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Bangkok Post

Shift from promotions to profit

After a decade of fierce battle in the e-commerce industry, offering huge promotions, subsidies and discount campaigns, the competition is expected to cool down as operators focus on profit and sustainable growth instead of burning cash to attract users.

Los Angeles Times

Amazon workers in San Bernardino allege anti-union actions and retaliation

LOS ANGELES — A group of workers at an Amazon air freight hub in San Bernardino that has been pushing for a $5-per-hour pay increase and more robust safety measures accused the e-commerce giant of unfair labor practices in a Thursday filing with the National Labor Relations Board.

The Street

Amazon Sends New Warnings About the Economy

The e-commerce giant is preparing for an uncertain economic environment in the coming months.

StockNews.com

2 Internet Stocks You'd Be Better off Buying Than Amazon

The stock market has been witnessing wild swings amid the consecutive Federal rate hikes. E-commerce giant Amazon (AMZN) lost more than 30% in 2022. Moreover, its bottom-line position looks concerning. However, investors looking to invest in internet stocks could consider buying TripAdvisor (TRIP) and Yelp (YELP) instead, which have outperformed…

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The Independent UK

TikTok going big on US e-commerce? Job listings offer clues

TikTok appears to be deepening its foray into e-commerce

Axios

TikTok chases Amazon with plans for U.S. fulfillment centers

New job listings suggest the video-sharing service wants to own the logistics for its e-commerce operation.

StockNews.com

Is This Second-Hand Fashion Stock a Buy Amid Buyout News?

Leading online-fashion marketplace operator Poshmark (POSH), which grew significantly during the pandemic, is incurring huge losses lately, and its growth has slowed down over the past few quarters. The company recently announced that it would be acquired by the Korean e-commerce company Naver. Is it wise to buy this stock…

Asharq Al-Awsat

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…

Benzinga

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

Investors Business Daily

Labor Shortage Spurs Drive To Automate Warehouses

Amazon is leading the automation drive as e-commerce customers demand faster deliveries.

The Street

Amazon Sends Chilly Signs About the Economy

The e-commerce giant has just made a decision that suggests the health of the economy is not improving.

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