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Ecommerce News

Chinese shoppers spend big in post-virus Singles' Day binge

Bejing - Chinese shoppers splurged more than $100 billion in the world's biggest shopping event of the year, in a huge spending spree that suggests the country's all-important army of consumers is fighting back after months of pandemic agony.

Singles' Day lift for Thai cosmetic surgery

Bangkok - A Thai cosmetic surgery clinic saw patients snap up nose jobs and eyelid operations for its first-ever "Singles' Day" sale Wednesday -- capitalising on the world's largest shopping bonanza to boost business hit by the coronavirus epidemic.

Foreigners join China's livestream sales army

Bejing - Late at night, Lalo Lopez heads to a small Shanghai studio for a livestream, punting Chinese products from cycling shorts to vacuum cleaners to Spanish speakers around the world.

Ant Group fiasco reflects battle for China's financial soul

Shanghai - China's last-minute abandonment of Ant Group's record-breaking IPO stems from an intensifying battle for the soul of the nation's financial system that the fintech giant and its charismatic leader Jack Ma helped to ignite.

'Mom and pop' investors dismayed by China's scrapping of Ant IPO

Fpo - Hong Kong's "mom and pop" investors had been looking forward to an instant jackpot via Ant Group's record-busting $34 billion IPO. Instead, China's shock suspension of the listing has left them baffled and angry.

Jack Ma: ebullient billionaire and totem of China's rise

Bejing - Jack Ma, the ebullient and unconventional billionaire founder of tech giant Alibaba, now finds himself battling the ignominy of having the world's biggest-ever IPO halted days before its launch by Chinese regulators.

Ant Group: China's fintech flyer grounded by regulators

Bejing - Set for a record-busting $34 billion IPO in Hong Kong and Shanghai, Ant Group has had its wings summarily clipped by Chinese regulators.

Ant Group's shock IPO suspension hammers Alibaba shares

Shanghai - China's shock, last–minute decision to suspend the record-breaking IPO of fintech giant Ant Group hammered shares of founder Jack Ma's e-commerce titan Alibaba on Wednesday and left investors reeling.

China's Ant Group postpones IPO under regulatory pressure

Shanghai - China's Ant Group on Tuesday suspended its record-breaking IPO in both Hong Kong and Shanghai as the fintech giant faces growing pressure from Chinese regulators over potential risks.

On the march: Ant Group, China's fintech sensation

Bejing - With a name belying its giant ambitions, China's Ant Group on Tuesday launched a history-making $34 billion IPO in Hong Kong and Shanghai.

For Chinese consumers, Ant Group app is part of the fabric of life

Shanghai - The most essential item in aircraft engineer Tao Rui's possession during a recent outing in Shanghai was the Alipay smartphone app from Ant Group, a company little known outside China until it unfurled plans for the biggest IPO in history.

China's Ant Group says to raise $34 bn in record IPO

Bejing - Chinese e-payments giant Ant Group said Monday it plans to raise $34 billion in a listing shared between Hong Kong and Shanghai, making it the biggest IPO in history.

Alibaba fintech arm gets nod for record IPO listing in Hong Kong

Bejing - The financial arm of Chinese e-commerce titan Alibaba received Monday a green light from Chinese regulators to list in Hong Kong, according to data published online, another step towards the biggest IPO in history.

Chinese ecommerce giant JD.com jumps 5.75% on Hong Kong debut

Fpo - Chinese e-commerce giant JD.com leapt 5.75 percent higher on its Hong Kong debut Thursday, after raising almost $4 billion in an initial public offering that was the world's second biggest this year.

Eight million sales records on Amazon, Ebay, Shopify exposed Special

A third-party app used by EU merchants on Amazon UK, Ebay and Shopify has been found to have exposed 8 million sales records containing customers' personal data.

Amazon hits #1 spot on Brand Intimacy Study

Amazon ranked #1 for the first time in MBLM’s Brand Intimacy 2020 Study, a major study of brands based on emotions, now in its 10th year and previous profiled on Digital Journal. Disney and Apple are placed second and third.

Q&A: Valentine’s Day poses serious cybersecurity risks for firms Special

Consumers will spend $20.7 billion for Valentine’s Day this year, but while consumers are out buying chocolates and roses, hackers will be on the prowl for valuable payments data and personal identifiable information.

Bose closes stores in Europe, Japan, North America and Australia

Bose Corporation the large audio equipment manufacturer plans to close all its retail stores in North America, Europe, Japan, and Australia. Bose claims its audio products are increasingly bought through e-commerce and other retailers.

CES 2020: Porch pirates stopped with IoTLock

As e-commerce becomes increasingly popular and home delivery services rise, the risks of packages being stolen outside of people’s homes increases. This has opened up a new avenue for technological solutions.

Q&A: Why VR is the next commerce frontier Special

What will a mass adoption of virtual reality mean for commerce, and how can VR can be used to improve customer experience? Expert Harry Chemko, of Elastic Path, weighs in on the discussion.

Chinese consumers smash 'Singles' Day' shopping record

Shanghai - Chinese shoppers set new records for spending during the annual "Singles' Day" buying spree despite an economic slowdown and worries over the US trade war, with state media calling it a sign of China's rising economic strength.

Fayvo: New social sharing experience receives global launch

October 2019 saw the U.S. launch of Fayvo, a new type of social sharing experience intended to bring an engaging focus among friends and family, which the company say is often missing from other platforms.

First Magecart attack traced to Google Cloud Special

A Magecart attack has impacted the Google Cloud infrastructure and with it thousands of stores. The attack is indicative of some weak cybersecurity protocols, according to Eve Maler of ForgeRock.

Q&A: Northgate Market improves digital grocery experience Special

U.S. grocery chain Northgate Market, sensing the importance of needing to develop its online presence and digital strategy, has worked with open-source software platform Pimcore to improve the customer experience and protect ts brand reputation

Going digital: How Toys ‘R’ Us is rising from the grave

At one time Toys ‘R’ Us were everywhere, as the physical store dominated shopping malls. Then things went wrong, as specialist stores were hit by e-commerce. Now the retailer itself is finding a second lease of life online.

Salesforce stops customers using software to sell semi-automatics

Salesforce, a leading developer of business software, is barring customers from using its system to sell semi-automatic guns and other firearms.

Amazon is selling a $7,250 tiny home kit

Amazon is selling a tiny home kit that can be assembled in just 8 hours. The vendor, Allwood, said the structure isn't supposed to serve as a permanent residence, since there's no bathroom or kitchen.

Instagram adds in-app checkout as it pushes e-commerce

Instagram has moved closely towards being a fully-fledged e-commerce site with the addition of a new checkout app, available for mobile devices. The service is starting with 20 fashion brands.

Tesla raises prices and walks back plan to close most showrooms

Tesla is backtracking on its plans to close its showrooms. Additionally, Tesla will raise the price of its vehicles, with the exception of the Basic Model 3 sedan.

'Ambidextrous' robots can accelerate speed e-commerce

A test study has shown how so-termed 'ambidextrous robots' can significantly speed e-commerce. By applying artificial intelligence, the robot is capable of grasping a diverse range of object shapes without training.
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Fuelled sells new and used pump jacks and other E&P equipment.
Fuelled sells new and used pump jacks and other E&P equipment.
Fuelled Inc
Depicting the idea of online shopping
Depicting the idea of online shopping
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Buyers can also purchase camps and accomadations  like this sleeper.
Buyers can also purchase camps and accomadations, like this sleeper.
Fuelled Inc
Online shopping.
Online shopping.
TECH GIANT: Photo shows Alibaba Group headquarters in Hangzhou  China.
TECH GIANT: Photo shows Alibaba Group headquarters in Hangzhou, China.
Thomas Lombard / Wikimedia Commons (CC BY-SA 3.0)

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