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The Business Times

The Business Times - Find latest business & financial news including analysis and opinion on top business stories, stock markets in Singapore, Asia-Pacific & global market news and more at The Business Times. Find latest business & financial news including analysis and opinion on top business stories, stock markets in

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News

The Business Times
businesstimes.com.sg > companies-markets > china-orders-entities-not-assist-eus-jd-com-probe

China orders entities not to assist EU's JD.com probe

3+ week, 3+ day ago   (248+ words) EU cited concerns that JD.com might have received foreign subsidies that could distort the bloc’s market [BEIJING] China said on Wednesday (Aug 19) that a European Union investigation into Chinese e-commerce giant JD.com constituted “improper extraterritorial jurisdiction” and ordered…...

The Business Times
businesstimes.com.sg > international > global > e-commerce-killing-real-commerce-says-chinas-beverage-king-zhong-shanshan

E-commerce is killing ‘real’ commerce, says China’s beverage king Zhong Shanshan

4+ week, 1+ day ago   (1054+ words) Have e-commerce platforms become too powerful, and who ultimately pays the price? ON AUG 8, CCTV financial programme Dialogue aired its latest exclusive interview with Nongfu Spring founder Zhong Shanshan. The Chinese business magnate and former richest man was soon back…...

The Business Times
businesstimes.com.sg > international > asean > indonesias-new-e-commerce-tax-mechanism-who-pays-who-loses-and-what-it-means-online-shopping

Indonesia’s new e-commerce tax mechanism: Who pays, who loses and what it means for online shopping

1+ mon, 2+ week ago   (1043+ words) The new regulation will apply from Aug 1 [JAKARTA] Indonesia will require major e-commerce platforms to collect income tax directly from millions of online sellers from Aug 1, as the government steps up efforts to bring its rapidly expanding digital economy into…...

The Business Times
businesstimes.com.sg > startups-tech > technology > rising-fees-are-changing-role-south-east-asias-e-commerce-enablers

Rising fees are changing the role of South-east Asia’s e-commerce enablers

1+ mon, 3+ week ago   (1464+ words) The economics of e-commerce have changed in recent years amid rising marketplace commissions FOR a long time, South-east Asia’s e-commerce enablers rode the region’s online shopping boom by helping brands do one thing better than anyone else: sell on marketplaces....

The Business Times
businesstimes.com.sg > international > china-proposes-expanding-e-commerce-law-scope-platform-rules

China proposes expanding e-commerce law scope, platform rules

2+ mon, 1+ week ago   (167+ words) [BEIJING] China released draft amendments to its E-Commerce Law that would expand coverage beyond platforms and merchants, and revise rules governing the digital economy. The proposal, made available for public consultation by the State Administration for Market Regulation and the…...

The Business Times
businesstimes.com.sg > international > global > eu-slaps-3-euro-fee-cheap-e-commerce-parcels-blow-shein-temu-aliexpress

EU slaps 3-euro fee on cheap e-commerce parcels in blow to Shein, Temu, AliExpress

2+ mon, 1+ week ago   (603+ words) [BRUSSELS/LONDON] Europe on Wednesday (Jul 1) took a first step towards curbing what it calls unfair competition from online retailers such as Shein, Temu and AliExpress by imposing a 3-euro fee on low-value e-commerce imports from China that previously entered…...

The Business Times
businesstimes.com.sg > international > asean > indonesia-asks-four-e-commerce-platforms-collect-income-tax-sellers

Indonesia asks four e-commerce platforms to collect income tax from sellers

2+ mon, 1+ week ago   (349+ words) From Aug 1, the platforms must collect and pass on income tax on sales made by small- and medium-sized sellers [JAKARTA] Indonesia’s tax office said on Wednesday (Jul 1) it has asked e-commerce marketplaces Tokopedia, Shopee, Lazada and Blibli to collect income…...

The Business Times
businesstimes.com.sg > companies-markets > transport-logistics > singpost-expects-huge-dip-low-value-parcels-eu-initially-customs-duty-takes-effect

SingPost expects huge dip in low-value parcels to EU initially as customs duty takes effect

2+ mon, 2+ week ago   (525+ words) [SINGAPORE] Singapore Post (SingPost) expects to see a “big drop” in low-value parcel volume to the EU after the three euro (S$4.40) customs duty becomes effective on Jul 1, as senders assess the impact on their shipping cost. This happened to…...

The Business Times
businesstimes.com.sg > international > global > uk-lags-rivals-curbing-influx-cheap-parcels-china

UK lags rivals in curbing influx of cheap parcels from China

3+ mon, 20+ hour ago   (818+ words) Low-value imports to the UK tripled between 2021 and 2024 MORE cheap parcels exported from China are flowing into the UK than rival European economies, undermining British retailers that want the government to accelerate a promised crackdown. Chinese export data shows US…...

The Business Times
businesstimes.com.sg > international > temu-fined-200-million-euros-breaching-eu-rules-sale-illegal-products

Temu fined 200 million euros for breaching EU rules on sale of illegal products

3+ mon, 2+ week ago   (412+ words) [BRUSSELS] Chinese online retailer Temu has been fined 200 million euros (S$297 million) for not doing enough to stop the sale of illegal products, European Union tech regulators said on Thursday, following the first part of a wide investigation. Further penalties…...