eCommerce

Coupang Announces Acquisition Plans for Farfetch, Injecting $500 mn in Capital

Coupang, a prominent e-commerce entity listed on the New York Stock Exchange, has revealed plans to acquire Farfetch Holdings in a strategic move aimed...

TikTok to Invest $1.5 bn in Tokopedia, Ushering a New Era in Indonesian E-commerce

TikTok has announced a staggering $1.5 billion investment in GoTo’s Tokopedia. This strategic alliance aims to fortify the micro, small, and medium enterprises (MSMEs)...

Cyber Monday Projected to Hit Record-Breaking Online Sales of $12 bn in U.S.

As the Cyber Monday frenzy takes hold, U.S. consumers are geared up for record-breaking online spending, estimated to soar between $12 billion and $12.4...

U.S. Holiday Shoppers Strategically Navigate Deep Discounts Pre-Cyber Monday

The pursuit of the ultimate deals is driving holiday shoppers in the United States as they strategically capitalize on substantial discounts in anticipation of...

Amazon Faces Global Protests Over Working Conditions on Black Friday

Amazon is facing widespread protests across Europe as workers took to the streets to voice their grievances against the e-commerce giant’s labor practices. Under the...

Alibaba and JD.com Celebrate Successful Singles Day Online Sales Amidst Economic Uncertainty

Alibaba Group and JD.com, e-commerce giants in China, have reported robust performance during this year’s Singles Day sales, indicating growth for their respective online...

Alibaba’s Taobao and Tmall Unleash AI Power for 11.11 Mega Sale

Alibaba Group’s flagship digital marketplaces, Taobao and Tmall, have harnessed the potential of artificial intelligence (AI) to enhance the online shopping experience for both...

Shopify Reports Strong Revenue Growth and Profit in Q3 2023

Shopify, the leading internet infrastructure for commerce, has announced impressive financial results for the third quarter of 2023. The company reported a 25 percent...