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News
EdgeUP: The Business Models Behind Your RM5 Purchases
11+ hour, 41+ min ago (104+ words) You bought it for RM5. But - how is the platform making money? Shopee, Taobao and Pinduoduo can offer prices that seem almost too good to be true - while still building massive businesses. The secret isn’t just the small commission they take…...
Chinese e-commerce moves to next phase after delivery price war changes shopping habits
2+ day, 1+ hour ago (673+ words) BEIJING/SHANGHAI (Sept 3): China's meal-delivery subsidy war may have ebbed but its biggest legacy could be a shift in consumer expectations, as electronics, flowers and even medicine can now be delivered within an hour of ordering. After a year in…...
YouTube inks Amazon partnership to boost online shopping bet
3+ day, 21+ hour ago (534+ words) (Sept 1): YouTube has tapped Amazon.com Inc as its newest affiliate partner in YouTube Shopping, part of the video giant’s push to prioritise e-commerce as one of its next big bets. YouTube creators can now seamlessly tag Amazon products in…...
Temu-owner PDD revenue misses estimates, profit falls on China rivalry
1+ week, 4+ day ago (377+ words) (Aug 24): Chinese e-commerce discounter PDD Holdings reported an 8% rise in second-quarter revenue on Monday that missed market estimates as fierce competition in China and mounting regulatory pressures overseas weighed on growth. The operator of Pinduoduo in China and Temu internationally…...
New e-commerce law to strengthen regulation, accountability, says Armizan
1+ week, 6+ day ago (397+ words) PAPAR (Aug 22): The new law drafted to replace the existing Electronic Commerce Act 2006 is set to enhance the regulation and accountability of platforms, sellers, and e-commerce users in the country. Domestic Trade and Cost of Living Minister Datuk Armizan Mohd…...
Anwar: Govt to expedite drafting of e-commerce bill
2+ week, 2+ day ago (413+ words) KUALA LUMPUR (Aug 20): The government will expedite the drafting of an e-commerce bill to improve the regulatory framework and ease of doing business in the sector, in line with the rapid growth of digital commerce. Prime Minister Datuk Seri Anwar…...
Halogen Capital rolls out multi-asset portfolios via B2B2C model
3+ week, 2+ day ago (354+ words) KUALA LUMPUR (Aug 13): Halogen Capital, a licensed digital asset fund manager and digital wealth solution provider, has launched Halogen Partner Portfolios, a dedicated business to business to consumer (B2B2C) investment solution that investors can access from as little as RM1,000 through licensed…...
Rise of AI shopping pushes merchants to protect loyalty, Adyen says
3+ week, 1+ day ago (314+ words) (Aug 13): The increasing prevalence of AI chatbots handling consumer shopping is pushing merchants to uphold more direct customer relationships over fears of losing their loyalty and repeated purchases, payments firm Adyen said on Thursday. Traditionally, consumers have browsed, logged in…...
Etsy lays off 12% of workforce as part of restructuring plan
4+ week, 1+ day ago (263+ words) NEW YORK (Aug 6): 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 US Securities and Exchange…...
EBay forecasts upbeat quarterly revenue as high-value categories drive momentum
4+ week, 2+ day ago (364+ words) MEXICO CITY (Aug 5): EBay forecast third-quarter revenue above Wall Street estimates on Wednesday, leaning on its push into authenticated luxury goods, collectibles and refurbished products to bring more high-value buyers to its online marketplace. The results are the first since…...