When Donald Trump was sworn in as the 47th US president on January 20, several tech tycoons were present – from Amazon.com’s Jeff Bezos to Meta Platforms’ Mark Zuckerberg – but the unlikeliest among them was TikTok CEO Chew Shou Zi. The executive was standing next to Tulsi Gabbard, the president’s nominee for Director of … Read more
In the process, Amazon aims to strengthen its position in South Africa’s competitive online retail market. Launched on Thursday, the walk-in facility is designed to help local sellers attract more customers and grow their businesses. This move also signals the US e-commerce powerhouse’s ongoing efforts to challenge market leader Takealot—owned by Naspers—by expanding its product … Read more
Chinese merchants on TikTok are taking precautionary measures to prepare for a looming ban of the short-video app in the United States, including switching to competing platforms and focusing on other overseas markets. Qian Liu, a seller who runs 12 stores on TikTok targeting US consumers, has been marking down inventories and delaying the purchase … Read more
Chinese tech companies face more risks in expanding their businesses overseas this year after Donald Trump returns to the White House later this month, with more policies expected to curb the expansion of the industry, according to a UBS analyst. “As the new US government takes office, we expect that there will be more policies … Read more
New Delhi: The Indian startup ecosystem has seen major changes in the last few years and there has been an unprecedented rise in the participation of women entrepreneurs as the funding of female-led startups increased by over 90 per cent in 2024. Women entrepreneurs are not only becoming founders and co-founders, but a large number … Read more
PARIS — French online retailer L’Exception has been acquired by Hong Kong-based asset management firm AA Investments, joining a rapidly growing group that also includes French fashion and home decor e-tailer Smallable and sneaker resale site Wethenew. Founder Régis Pennel revealed the deal in a LinkedIn post Tuesday, adding that he was stepping down with … Read more
Alibaba Group Holding is taking a 9.3 billion yuan (US$1.3 billion) loss in its sale of Intime, one of China’s leading department store operators, as the e-commerce giant walks away from offline retailing to focus on its core businesses. The company is selling its entire stake in the retail chain, in which it first invested … Read more
Amazon.com has asked some Chinese cross-border merchants to stop offering goods at a cheaper price on rival platform Temu, according to several sellers, amid intensifying competition from the aggressive budget retailer owned by mainland e-commerce giant PDD Holdings. The local office of US-based Amazon recently informed the managers of some top-selling Chinese brands that they … Read more
China’s super app WeChat, owned by Tencent Holdings, has added a gift-giving feature to its embedded e-commerce platform ahead of Christmas, allowing users to send presents to their friends. Shoppers can search for products by keywords. According to the official guidelines, all gifts available are priced 10,000 yuan (US$1,375) or under, and they exclude jewellery … Read more
An Amazon delivery truck passes people holding signs and marching during a strike by Teamsters union members at an Amazon facility in Alpharetta, Georgia, Dec. 19, 2024. Elijah Nouvelage | Reuters Amazon workers across seven facilities in New York, Georgia, California and Illinois went on strike Thursday to lobby for better benefits, higher wages and … Read more
 "World Cancer Day | India’s daycare cancer centres: A bold vision but can execution keep pace? – Firstpost")
