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News
Costco's Digital Push Silences Critics as E-Commerce Sales Surge 20% — BigGo Finance
3+ day, 13+ hour ago (705+ words) For years, the knock on Costco was that its digital experience lagged far behind the e-commerce giants. While Amazon and Walmart poured billions into logistics networks, app development, and same-day delivery infrastructure, the warehouse club seemed content to let its…...
Sportswear Brand New Product Restocking Drives Xinli's August Revenue to NT$148 Million, a Record Monthly High — BigGo Finance
3+ day, 21+ hour ago (696+ words) Xinli Chemical reported August consolidated revenue of NT$148 million (approximately $4.7 million), up 37.7% month-over-month and 52.26% year-over-year, setting an all-time monthly record. Cumulative revenue for the first eight months reached NT$771 million (approximately $24.4 million), up 11.34% year-over-year, also marking the best performance for…...
South Korea's Lotte Innovate Unit Caliverse Launches AI Virtual Styling Shop for Baseball Fans — BigGo Finance
4+ day, 7+ hour ago (284+ words) Caliverse, a subsidiary of South Korea's Lotte Innovate (286940.KS), unveiled its immersive commerce service "Lotte Giants Virtual Styling Shop" on the 10th, aimed at professional baseball fans. The service combines AI-powered virtual models with digital twin technology, allowing fans to virtually…...
Coupang's Monthly Card Payments Top ₩5 Trillion for First Time, MAU Hits Record High Despite Data Breach — BigGo Finance
5+ day, 8+ hour ago (327+ words) App user numbers also continued to climb. Last month, Coupang's monthly active users (MAU) reached 35.95 million, up roughly 510,000 from July. That is 1.57 million more than the 34.38 million recorded in October last year, before the data breach. Compared with Naver Plus…...
South Korea's Antitrust Fines Top ₩1.35 Trillion in Just Seven Months, Poised to Shatter All-Time Record — BigGo Finance
1+ week, 1+ day ago (480+ words) South Korea's Fair Trade Commission (FTC) has imposed fines exceeding 1.35 trillion won (approximately $999.2 million) in just the first seven months of this year—four times last year's annual total. Two cartel cases alone, involving sugar and flour price-fixing, accounted for…...
US Congress Warns of Tariff Retaliation Over Coupang Sanctions; South Korean Government Pushes Back — BigGo Finance
1+ week, 6+ day ago (471+ words) The conflict over South Korea's sanctions against Coupang for a data breach is escalating beyond a simple regulatory matter into friction across the broader US-South Korea alliance. Within the US Congress and the White House, warnings are emerging that Washington…...
Amazon's $220 Billion AI Bet: History Shows Heavy Spending Years Often Precede Massive Stock Rebounds — BigGo Finance
2+ week, 1+ day ago (745+ words) Amazon (AMZN) is spending more money than at any point in its three-decade history, and Wall Street is debating whether the $220 billion capital expenditure program will crush margins or set the stage for the next leg of growth. The stock…...
TikTok-Driven K-Culture Consumption Projected to Generate Nearly 40 Trillion Won in Economic Impact by 2030 — BigGo Finance
2+ week, 5+ day ago (559+ words) TikTok and Kearney, in a joint study, projected that TikTok-driven K-culture consumption will generate approximately 40.64 trillion won (approximately $29.4 billion) in economic ripple effects for the South Korean economy by 2030. A survey of 3,300 respondents across 10 countries found that 88.7% said TikTok helps…...
Spectrum Offers Free Amazon Prime to Stem Broadband Customer Losses — BigGo Finance
3+ week, 16+ hour ago (321+ words) Jessica Fisher, Charter's chief financial officer, acknowledged the pressure during a July earnings call. "We continue to see expanded fixed-wireless competition versus a year ago, including lower sales from low-income consumers, ongoing mobile substitution, and fiber overlap growth at a…...
Rosenblatt Initiates Shopify at Buy, Says AI Fears Are Overblown — BigGo Finance
3+ week, 3+ day ago (756+ words) That argument matters because one of the biggest concerns surrounding commerce platforms is that AI assistants could increasingly control product discovery and purchasing, potentially weakening the direct relationship between merchants and existing platforms. Rosenblatt's view is that large language models…...