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The Latest Breaking News from e-commerce

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

'Cosmoss': Supermodel Kate Moss launches wellness brand

London (AFP) - British supermodel Kate Moss on Thursday launched a website selling her own beauty and lifestyle products called Cosmoss, becoming the latest star to venture into branded e-commerce.

AFP

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.

Bangkok Post

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True in metaverse tie-up with Zepeto

SET-listed telecom operator True Corporation has entered into an exclusive partnership agreement with South Korean metaverse platform Zepeto as part of its strategy to strengthen its digital ecosystem of telecommunications, content, and e-commerce.

Bangkok Post

Walmart’s online grocery lead on Amazon and Instacart is strengthening

Walmart holds a comfortable lead as the largest online U.S. grocer, according to the new national e-commerce forecast from Insider Intelligence, but there’s a fierce battle for No. 2 between Amazon and Instacart.

Tribune News Service

PIN code @50 years

The system of postal code may not be operationally relevant in the new role of post offices

The Hindu

Poll finds digital gains

The country's digital transformation push via government policies has resulted in an increase in several digital indicators, including internet access, active users, trust and e-commerce development, according to the Thailand Digital Outlook 2022 survey.

Bangkok Post

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Retail e-commerce to hit B4tn in 2025

Thailand's retail e-commerce market is expected to reach 4 trillion baht in 2025, up from 817 billion this year, while online sales through virtual space, known as meta-commerce, is tipped to be a future trend, says Kulthirath Pakawachkrilers, newly appointed president of the Thai e-Commerce Association (Theca).

Bangkok Post

Chinese behemoth Pinduoduo to take on Amazon in US – with even worse labor practices

One of the world’s biggest e-commerce companies is known for rock-bottom prices – and allegedly brutal conditions

The Guardian - US

TikTok Stars Boycott Amazon in Activism Push

TikTok influencers boasting collectively more than 51 million followers say they won't work with Amazon until the e-commerce colossus delivers key concessions to workers and halts anti-union efforts. It's the latest example of creators lending their online stage to a cause on the massively growing platform more known for dance…

Asharq Al-Awsat

TikTok stars boycott Amazon in activism push

Paris (AFP) - TikTok influencers boasting collectively more than 51 million followers say they won't work with Amazon until the e-commerce colossus delivers key concessions to workers and halts anti-union efforts.

AFP

Hub Group Acquires Fulfillment Solutions Provider Tagg Logistics

Hub Group, a provider of transportation and logistics management solutions, on Monday announced that it acquired e-commerce, business-to-business and omnichannel fulfillment company Tagg Logistics for $103 million in cash.

Benzinga

What To Expect When JD.com Reports Quarterly Earnings

JD stock was up Monday as the e-commerce giant is set to report quarterly results early Tuesday that might show its first revenue decline.

Investors Business Daily

GigaCloud Joins Wall Street Parade of China Meme Stocks

Key Takeaways: GigaCloud’s shares quadrupled in their New York trading debut, as the company became the latest newly listed Chinese stock in the U.S. to post massive early gains

Benzinga

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Asharq Al-Awsat

Gulf E-commerce Company Noon to Buy Fashion Venture Namshi

Dubai's Emaar Properties said on Saturday it is selling fashion e-commerce venture Namshi to Noon, an e-commerce company backed by Dubai billionaire Mohamed Alabbar and Saudi Arabian sovereign fund the Public Investment Fund (PIF). Emaar said in a bourse filing its board has in principle approved the sale, which values…

Benzinga

Secoo's Online Luxury Dream Ends in Bankruptcy, Sea of Discontent

Key Takeaways: Online luxury goods reseller Secoo has filed for bankruptcy after its business stumbled under Covid-related disruptions and internal missteps Company’s Nasdaq-listed shares now trade at around $0.24, a fraction of the $13 they sold for in better times at its 2017 IPO By Shirley Lau

The Street

Foot Locker Stock Soars On Q2 Earnings Beat, New Digital-Savvy CEO

Foot Locker named e-commerce expert Mary Dillon as group CEO amid the sports retailer's drive to lessen its dependence on Nike sales.

Bangkok Post

LINE Shopping gears up to attract more merchants

LINE Thailand is gearing up to attract sellers to its e-commerce platform Line Shopping to strengthen its leading position in social commerce amid intensifying competition with short-video platform TikTok recently joining the fray.

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The Street

Amazon Accuses Regulator of Harassing Bezos and CEO Andy Jassy

E-commerce giant Amazon is the subject of a major investigation linked to its Prime service. It's not sitting idly by.

Investors Business Daily

Sea Limited Reports Mixed Results, Suspends Revenue Guidance

SE stock dropped after the company reported mixed quarterly results early Tuesday and said it will suspend revenue guidance.

Motor1

Car Buying Is Undergoing A Digital Revolution

How we buy and sell average cars is changing dramatically and rapidly, and e-commerce is coming for luxury and supercars next.

Asharq Al-Awsat

H&M Returns to Alibaba’s Tmall, 16 Months After Xinjiang Controversy

Swedish fashion giant H&M's (HMb.ST) official store on Alibaba's (9988.HK) Tmall e-commerce platform has re-opened, 16 months after the Chinese site took it down following the brand's criticisms of human rights abuses in Xinjiang. The re-opening was first noticed by Chinese netizens and confirmed by a Reuters search of the…

Benzinga

Qantas Converting More Aircraft For Freight To Meet E-Commerce Demand

Australian flag carrier Qantas said Monday it will procure six Airbus A321 standard aircraft and convert them to freighters as replacements for smaller, older Boeing cargo jets to keep pace with the huge upswing in cargo volumes powered by e-commerce.

Evening Standard

Urbanite favourite HelloFresh delivers revenue boost

German business said it had defied ‘e-commerce trends’ despite economic ‘challenges’

Asharq Al-Awsat

Ferragamo Partners with Farfetch to Grow Online, Reach Younger Shoppers

Italian fashion house Salvatore Ferragamo said on Thursday it had struck a partnership with online luxury shopping retailer Farfetch to expand its digital presence, targeting younger shoppers. Ferragamo said it would use Farfetch's platform for its e-commerce and look to engage with a global Millennial and Gen Z luxury audience.…

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