1+ hour, 16+ min ago   (404+ words) SAO PAULO, Aug 5 (Reuters) – MercadoLibre on Wednesday posted an about-11% fall in its second-quarter net profit from a year earlier, hit by free shipping investments, but above estimates given record revenue and growth ​of customers who simultaneously use its two…...

1+ hour, 31+ min ago   (274+ words) NEW YORK, NY, Aug 5 (Reuters) – Crafting marketplace Etsy Inc. is laying off approximately 220 employees, or 12% of its workforce, as ​part of a restructuring plan it hopes will “improve ‌coordination and speed of decision-making,” the company said in a U.S....

9+ hour, 39+ min ago   (342+ words) Aug 5 – Canada’s Shopify projected current-quarter revenue growth above Wall Street estimates on Wednesday, signaling the company’s AI efforts were drawing more merchants to its suite of e-commerce services, ​sending its U.S.-listed shares up 26% premarket. The company’s solid outlook…...

1+ day, 1+ hour ago   (290+ words) Aug 4 (Reuters) – Image-sharing platform Pinterest forecast slower revenue growth for the third quarter on Tuesday, signaling tough competition for digital advertising from bigger players including ​Meta’s Instagram, sending its shares down 6% ‌in extended trading. Pinterest has been expanding Performance+, its…...

6+ day, 19+ hour ago   (142+ words) SEOUL, July 30 (Reuters) – South Korea’s Personal Information Protection Commission has fined ​telecoms company KT Corp ‌54 billion won ($37.43 million) for a leak of customer personal information, the commission said on ‌Thursday. Hackers ​stole more ⁠than 16,600 KT ⁠mobile service customers’ personal data…...

1+ week, 16+ hour ago   (807+ words) By Julie Zhu and Lisa Baertlein HONG KONG/LOS ANGELES, July 29 (Reuters) – The global race to build artificial intelligence is redrawing Asia’s air cargo map, prompting airlines to redesign networks around growing semiconductor manufacturing hubs as cross-border e-commerce loses momentum....

1+ week, 2+ day ago   (220+ words) July 27 (Reuters) – Fanatics, a global sports platform, will acquire a designated contract market and a derivatives clearing organization from ​brokerage BGC Group to launch its ‌own prediction market exchange, the companies said on Monday. Here are more details from the…...

1+ week, 6+ day ago   (148+ words) NEW DELHI, July 23 (Reuters) - India's government on Thursday ​eased foreign investment ‌rules to allow e-commerce companies to buy products directly from ‌Indian ​sellers and ⁠then sell ⁠them to overseas customers, a major win for Amazon which ​lobbie... NEW DELHI, July…...

2+ week, 2+ day ago   (485+ words) BRUSSELS, July 20 (Reuters) – Alibaba’s AliExpress was hit with a record €550 million ($629 million) fine from the European Union on Monday for failing to tackle sales of illegal, unsafe and counterfeit products on its platform. The fine was the third issued ​by…...

2+ week, 6+ day ago   (764+ words) By Helen Reid and Summer Zhen LONDON/HONG KONG, July 16 (Reuters) – Shein’s ambitions for a valuation of up to $50 billion in its long-awaited Hong Kong IPO are likely to face a tough test from investors, as new fees on e-commerce…...