Tag:

eCommerce

Amazon Announces Workforce Reduction at Buy with Prime Unit

Amazon.com has disclosed a workforce reduction of fewer than 5 percent of employees at its Buy with Prime unit, a move aimed at streamlining...

Walmart Hikes Salary for U.S. Store Managers, Hourly Wage Surpassing $18

Walmart revealed on Thursday its decision to enhance the annual average salary and bonus for U.S. store managers, effective February 1. This strategic step...

JD.com Wins $141 mn Lawsuit Against Alibaba for Monopolistic Practices

E-commerce major JD.com has emerged victorious against rival Alibaba, securing a significant win in a lawsuit. The High People’s Court of Beijing imposed a staggering...

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)...

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...

Walmart to Invest Over $9 bn to Upgrade and Modernize U.S. Stores

Retail giant Walmart has announced a significant investment of more than $9 billion over the next two years to modernize and enhance various U.S....