When Alibaba Group Holding held its eleventh Singles’ Day shopping festival in 2019, it culminated in Shanghai that November with a performance by American pop sensation Taylor Swift to help get consumers in a cheerful mood. Five years later, China’s largest e-commerce company decided a party for the world’s largest online shopping festival was no … Read more
Amazon’s third-quarter revenue haul of $158.9 billion topped analysts’ projected estimate of $157 billion, thanks to its growing ads, cloud and e-commerce businesses, the company revealed Thursday. The first two divisions, its advertising unit and Amazon Web Services, showed a 19 percent for the quarter ending in September, with revenue of $14.3 billion and $27.4 … Read more
Ryan Hogue, a former senior web developer and adjunct professor, has carved a path few expected, transforming his career from coding to generating a staggering $49,000 per month in passive income through multiple side hustles. Hogue’s journey began modestly in 2016 when he took on freelance coding projects for additional income. Now, having built nearly … Read more
“There is a suspicion that not enough is done, not in an effective way to really prevent the dissemination of illegal products,” a Commission official said, briefing reporters ahead of the announcement. “We have reasons to believe that Temu didn’t properly analyze the addictive nature” of some of its features, they added. Under the DSA, … Read more
At a panel and brand event in New York last week, TikTok Shop announced ahead of Black Friday and Cyber Monday its partnership with Venmo. With the announcement, on TikTok Shop U.S. customers who purchase for the first time from Nov. 30 to Dec. 2 can receive 25 percent off when they spend $45 — … Read more
Since the launch of social media platforms, the rise of in-app commerce has become a hot topic. But what if a customer could get a tailored in-app product experience to shop their favorite looks on social media, whether through the direct products they see on their feed or similar products that fit a certain aesthetic? … Read more
Chinese-founded fast-fashion giant Shein saw profits plunge over 70 per cent in the first half of 2024 due to fierce competition from rivals such as PDD Holdings’ Temu, according to a report by The Information. Revenue growth of the Singapore-registered company slowed to 23 per cent during the period, down from 40 per cent for … Read more
TikTok owner ByteDance has been losing momentum in 2024, with slower revenue growth and narrower profit margins for the first three quarters compared with last year, according to local media. Revenue growth “significantly” slowed for the first nine months of the year, while profit margins slimmed for the first time since 2022, Chinese tech media … Read more
Under its Singles’ Day promotion, Apple’s Tmall store started offering a 500-yuan voucher for all iPhone 16 models from 8pm on Monday, according to a Tmall announcement on Sunday. Prices for the basic iPhone 16 model and the premium iPhone 16 Pro Max start from 5,499 yuan and 9,499 yuan, respectively. Tmall has also offered … Read more
Yang, known for her biting jokes about men, on Monday appeared in a JD.com live-streaming session that sparked a four-day backlash from some of the platform’s users, which prompted the Beijing-based online retailer to issue an apology on Friday. A Weibo user, with the pseudonym Zhichilaotou, said he had cancelled his JD.com account and persuaded … Read more
