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e-commerce

Amazon made $1B with Project Nessie secret algorithm: FTC lawsuit

by Edgar Davis
Amazon made B with Project Nessie secret algorithm: FTC lawsuit

Amazon used a series of illegal strategies to boost profits at its online retail empire, including an algorithm that boosted prices to US households by more than $1 billion, the Federal Trade Commission detailed in a new …

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China’s Zhejiang province reassures support for Alibaba, led by new chairman Joe Tsai, as company plays pivotal tech development role amid expansion into AI, enterprise market

by Anas Siddiqui
China’s Zhejiang province reassures support for Alibaba, led by new chairman Joe Tsai, as company plays pivotal tech development role amid expansion into AI, enterprise market

Alibaba must “regain momentum, open new chapters and renew glory” to make a greater contribution to Zhejiang, Yi told the company’s top management, according to the Zhejiang Daily report. He …

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DoT Warns E-Commerce Websites Sale of Wireless Jammers, Network Boosters Illegal Without Permission

by Maya Ortiz
DoT Warns E-Commerce Websites Sale of Wireless Jammers, Network Boosters Illegal Without Permission

The Department of Telecom has warned e-commerce platforms against selling some telecom gears like wireless jammers and network boosters that require government permission for sale, an official statement said on …

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Southeast Asia’s Grab, Sea and GoTo face slowest internet growth in the region since 2017 as e-commerce expansion decelerates: report

by Walter Watson
Southeast Asia’s Grab, Sea and GoTo face slowest internet growth in the region since 2017 as e-commerce expansion decelerates: report

Southeast Asia’s internet economy will log its slowest growth on record this year, a group of researchers said, as they slashed near-term e-commerce spending estimates for the region by 13 …

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Temu files lawsuits against ‘cybersquatters’ in US e-commerce market as it seeks to end legal fights with rival Shein

by Anas Siddiqui
Temu files lawsuits against ‘cybersquatters’ in US e-commerce market as it seeks to end legal fights with rival Shein

Fast-growing online marketplace Temu, owned by Shanghai-based PDD Holdings, has filed a lawsuit against 20 websites in the United States for cybersquatting and offering unauthorised coupon codes, while the e-commerce …

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Pinduoduo says Chinese consumers show more ‘rational’ buying behaviour during its Singles’ Day sales promotion as sales jump

by Anas Siddiqui
Pinduoduo says Chinese consumers show more ‘rational’ buying behaviour during its Singles’ Day sales promotion as sales jump

Pinduoduo, the bargain e-commerce app operated by PDD Holdings, is enticing China’s cost-conscious consumers with steep price subsidies during this year’s Singles’ Day shopping festival, as it reported a year-on-year …

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Amazon shares climb after better-than-expected Q3 revenue

by Edgar Davis
Amazon shares climb after better-than-expected Q3 revenue

Amazon on Thursday predicted a rise in holiday revenue that could still miss Wall Street expectations, buoyed by a recent marketing blitz, faster delivery and stabilizing outlook for its cloud division. Amazon shares rose …

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Chinese e-commerce giant JD.com kicks off Singles’ Day shopping season amid intense price war to win over consumers

by Anas Siddiqui
Chinese e-commerce giant JD.com kicks off Singles’ Day shopping season amid intense price war to win over consumers

Within 10 minutes of its promotion’s 8pm start, JD.com’s user orders and overall transaction volume skyrocketed to achieve over four times last year’s figures, the Beijing-based company said in a …

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Amazon revamps warehouses with robots to reduce delivery times

by Edgar Davis
Amazon revamps warehouses with robots to reduce delivery times

Amazon will add a slew of new robotics and artificial intelligence-technologies at its warehouses in an effort to reduce delivery times and speed up inventory operations — and limit injuries, …

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E-Commerce Platform Meesho Crosses 500 Million App Downloads on Google Play, App Store

by Maya Ortiz
E-Commerce Platform Meesho Crosses 500 Million App Downloads on Google Play, App Store

E-commerce platform Meesho has become the world’s “fastest shopping app” to cross 500 million cumulative downloads across Google Play and iOS App Store, mobile data analytics provider has said.The company …

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