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e-commerce

Alibaba seeks growth in Mongolia with new e-commerce platform selling Chinese goods from wholesale marketplace 1688.com

by Anas Siddiqui
Alibaba seeks growth in Mongolia with new e-commerce platform selling Chinese goods from wholesale marketplace 1688.com

Alibaba Group Holding is expanding its business foothold in Mongolia, as the Chinese e-commerce giant’s wholesale marketplace 1688.com joins forces with local technology group Intelmind to launch a new platform. …

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Alibaba flagship website Taobao begins largest revamp in years as e-commerce giant sharpens focus on user experience

by Anas Siddiqui
Alibaba flagship website Taobao begins largest revamp in years as e-commerce giant sharpens focus on user experience

Alibaba Group Holding is carrying out a major revamp of the webpage of its flagship e-commerce platform Taobao ahead of China’s second-largest online shopping festival, as the internet retail giant …

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Amazon posts 13% jump in sales, sending shares higher — but fails to deliver dividend

by Edgar Davis
Amazon posts 13% jump in sales, sending shares higher — but fails to deliver dividend

Amazon reported quarterly results above Wall Street’s expectations on Tuesday, as interest in artificial intelligence helped drive cloud-computing growth. Shares of the Seattle-based e-commerce and tech company climbed almost 3% in …

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Logistics property: Chinese cross-border e-commerce firms fuel demand, investment prospects in Greater Bay Area

by Anas Siddiqui
Logistics property: Chinese cross-border e-commerce firms fuel demand, investment prospects in Greater Bay Area

Logistics property in the bay area “bucked the headwinds” of a surge in new supply, said Silvia Zeng, head of research for south China at JLL. Southern China recorded a …

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Potential TikTok ban threatens the US business of China’s cross-border sellers and the global ambitions of ByteDance

by Ron Morgan
Potential TikTok ban threatens the US business of China’s cross-border sellers and the global ambitions of ByteDance

Luo said she was not quite sure how to answer. “If there hadn’t been this [bill], I would definitely recommend them to do so in the US,” she said, adding …

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Canada Post lost $748 million last year, warns of ‘critical’ financial situation

by Anas Siddiqui
Canada Post lost 8 million last year, warns of ‘critical’ financial situation

Canada Post said Friday its financial situation is so grim it could run out of operating funds in less than a year, after the Crown corporation posted another whopping pre-tax …

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Peloton CEO steps down as fitness company announces 15% cut to global workforce

by Walter Watson
Peloton CEO steps down as fitness company announces 15% cut to global workforce

Peloton CEO Barry McCarthy is stepping down, the company said on Thursday, as it announced a 15 per cent cut to its global workforce due to a post-pandemic slump in demand …

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Tiger Woods Launches Golf ‘Athluxury’ Line Sun Day Red

by David Johnson
Tiger Woods Launches Golf ‘Athluxury’ Line Sun Day Red

Tiger Woods is officially launching his new lifestyle brand, Sun Day Red, to the public on Wednesday. The golfer has been teasing the collection for months, starting in February with …

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Amazon says 60% of Prime orders are arriving same day or next day

by Edgar Davis
Amazon says 60% of Prime orders are arriving same day or next day

Products are seen at an Amazon fulfillment center where they are being sorted and shipped out as same-day orders during Cyber Monday at the Same-Day Delivery Facility Fulfillment Center in …

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Alibaba said to invest in women’s clothing app operator Ably to tap into South Korea’s booming online fashion market

by Anas Siddiqui
Alibaba said to invest in women’s clothing app operator Ably to tap into South Korea’s booming online fashion market

AliExpress, the international online retail platform of Alibaba, has been in talks to invest US$72.4 million to acquire a 5 per cent stake in Ably Corp, operator of South Korea’s …

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