Major Chinese internet platforms have vowed to improve their algorithms, after the mainland’s internet watchdog launched a campaign to address the misuse of the technology underpinning the recommendation functions of apps and websites. ByteDance’s TikTok alternative for its home market, Douyin, said on Friday it would establish a safety centre this year to make its … Read more
The deal between Alibaba and Chinese private-equity firm DCP Capital was reached on the last day of 2024, involving the disposal of the Hangzhou-based company’s interest in Sun Art at HK$1.75 per share, according to a New Year’s Day filing to the Hong Kong stock exchange. Alibaba is expected to book a 13-billion yuan (US$1.8 … Read more
New research from Appriss Retail revealed that total merchandise returns for 2024 totaled $685 billion, which represents a whopping 13.2 percent of total retail sales — which is pegged to come in at $5.19 trillion. The good news is that the rate of returns is down from 14.5 percent in 2023. The report was based … 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 tax authority on Friday published a draft regulation that would require the operators of e-commerce, short-video and social media platforms to report the income of merchants and influencers. Under the current draft, which is soliciting public feedback until January 19, internet platform operators must report the identity, income and other tax-related information about revenue-generating … Read more
How will consumer buying and priorities evolve in the retail fashion sectors in 2025, particularly considering recent global economic and social changes? What technologies or innovative practices will significantly shape the retail and fashion apparel industry over the next few years? WWD asked a handful of industry experts in retail, technology and consumer behaviors to … Read more
South Africa’s largest online shopping platform, Takealot, has brought on board thousands of personal shoppers to expand its reach into townships and rural regions, aiming to stay competitive against growing threats from international competitors. Threat from international competitors Companies are drawn to South Africa’s e-commerce market because of its growth potential and strategic location. Notable … Read more
Popular budget-shopping platforms Temu and Shein have suspended operations in Vietnam, as they await approval from authorities to restart their local services. The country’s Ministry of Industry and Trade ordered Temu, owned by Chinese e-commerce giant PDD Holdings, to halt its business after the platform failed to complete the required business registration process by the … Read more
Amazon.com is inviting select Chinese merchants to join its newly launched “crazy low prices” platform, Haul, as the leading US online shopping platform competes with Temu and Shein to woo budget-conscious consumers. Recruitment is by invitation only for now, but the Chinese vendor community already appears excited about this new channel. A factory owner surnamed … Read more
AI startup Perplexity has launched a new shopping feature that it describes as a “one-stop solution where you can research and purchase products.” Available initially for U.S.-based users of its paid Pro subscription tier before expanding soon internationally, Perplexity Shopping is a shot across the bows of rival services like Google and Amazon as the … Read more
.jpg "The January 2024 Allure Beauty Box Keeps You Glowing this Winter—See All the Products Inside")
