The Latest Breaking News from e-commerce

Amazon.com, Inc (NASDAQ:AMZN) looks to cease operating its Kindle e-book store in China from the end of June 2023, Reuters reports based on the e-commerce giant's official WeChat account. China's customers will no longer be able to purchase new e-books from June 2023 for reasons undisclosed. Also Read: Microsoft Brings Down Curtains On LinkedIn…

In a bid to break Amazon Inc (NASDAQ: AMZN) and Walmart Inc's (NYSE: WMT) duopoly in the country's e-commerce sector, India is lining up banks and other key players to set up its own "buyer platforms.&quo

The most accurate analyst tracking Alibaba Group Holding Limited (NYSE: BABA) over the past year has maintained his bearish call on the e-commerce juggernaut and other Chinese tech stocks, 

Suzuki France has launched Smart Buy Suzuki, an e-commerce platform that allows you to browse and reserve your next motorcycle.

‘Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, recently took its ‘6.6 Greatest Brand Celebration’ as an opportunity to launch “Shopee International Platform”, or SIP, a special program putting into practice its commitment to help Thai businesses take advantage of the borderless digital economy to develop and grow.

Consumer forums, law universities, lawyers, FICCI, CII, and consumer rights activists participated in the meeting

Despite increasing revenue by 65% in the first quarter of 2022, Global-e Online Ltd.’s (GLBE) net loss widened compared to the year-ago period. Although the company has signed new partnerships with global brands, it has reduced its revenue outlook for fiscal 2022 due to macroeconomic and geopolitical uncertainties. So, is…

Research firm MoffettNathanson slashed its 2025 revenue estimates for each Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Meta Platforms Inc (NASDAQ:FB), Snap Inc (NYSE:SNAP), and Twitter Inc (NYSE:TWTR) by double-digit percentages, Reuters reported. MoffettNathanson expects online advertising in the U.S. to grow by 12.5% annually through 2025, down from the previous estimate of 18.5% annual growth. "After years of uber-bullishness, we are truly concerned…

Chinese e-commerce giant Alibaba Group Holding Ltd's (NYSE: BABA) stock is expected to hit a "long-awaited inflection point" in the current quarter despite the challenging three months ended March when it reported the slowest revenue growth since going public in 2014, according to anal

PayPal Holdings, Inc (NASDAQ:PYPL) began laying off risk management and operations employees working in Chicago, Omaha, Nebraska, and Chandler, Arizona, this week, Bloomberg reports. PayPal ended 2021 with 30,900 employees, a 33% increase from pre-pandemic levels.  PayPal incurred $20 million in costs tied to its restructuring in the first three months of…

Hibbett Inc (NASDAQ:HIBB) reported a first-quarter FY22 revenue decline of 16.3% year-over-year to $424.1 million, missing the consensus of $427.66 million. Comparable sales decreased 18.9% versus the prior year but increased by 22.9% in relation to the 1Q20. Brick and mortar comparable sales declined 22.0%, while e-commerce sales increased 4.1% The gross…