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DARK SECRETS: 39 - The Real Truth

Amazon ‘to lay off up to 10,000 employees’ - up to 1% of global workforce

E-commerce giant reported to be latest US firm to make cuts amid global economic downturn

Evening Standard

China's muted Singles' Day shopping fest expects slow growth

China's biggest online shopping festival, Singles' Day, is muted this year with sales numbers expected to grow slowly amid an uncertain economy and COVID-19

The Independent UK

Gap Sells Money-Losing China Business to Baozun for $50 million

Chinese e-commerce services provider, a Gap partner since 2018, will get rights to design, make and sell Gap products in China

Caixin Global

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Thailand, Laos ink MoU covering post, digital tech

The Ministry of Digital Economy and Society (DES) on Monday entered into a memorandum of understanding (MoU) agreement with the Ministry of Technology and Communications of Laos to collaborate in the postal, digital infrastructure development, ICT and e-commerce fields for eight years.

Bangkok Post

New online marketplace for self-storage secures six-figure backing from North Wales business angels

Anglesey-based Explorage offers e-commerce for global storage providers and users

Birmingham Post

Flipkart losses widened to over Rs 7,800 crore in FY22

NEW DELHI: E-commerce major Flipkart's losses widened to over Rs 7,800 crore in the financial year 2021-22 based on performance of its business-to-business unit Flipkart India and B2C e-commerce unit Flipkart Internet, according to regulatory filings.

The Times of India

Gloucestershire tech firm raises £5m for hotel e-commerce platform

Cheltenham-based Journey Hospitality describes its software as the ‘Shopify for hotels’

Birmingham Post

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Top influencers on China's version of TikTok are twin brothers with over 100m followers

Twin brothers who star in their own video skits about daily life have become the most popular influencers on Douyin, the Chinese version of TikTok, amassing more than 100 million followers in four years.

Bangkok Post

Lazada committed to 'mega' campaigns

E-commerce platform Lazada is committed to investing in its "mega shopping campaigns" to stimulate purchases amid economic headwinds, while pursuing offline entertainment activities to engage with high-spending groups, particularly Gen Z.

Bangkok Post

Amazon freezes hiring levels in profitable advertising business

Amazon.com Inc. is freezing staffing levels in its profitable advertising business, according to a person familiar with the matter, showing that the world’s largest e-commerce company is taking more drastic measures to align expenses with slowing sales.

Tribune News Service

The men behind this chemical free personal care brand

In conversation with Dhruv Madhok and Dhruv Bhasin, whose story goes back to about more than half a decade. Two friends who identified the gap in the hair care and grooming segment and set out to bring about a safe alternative to style their hair - such as the one…

The Times of India

Zozotown to open physical store in Tokyo

The operator of e-commerce clothing retailer Zozotown is to open a brick-and-mortar store in Tokyo.

The Japan News/Yomiuri

Internet economy set to generate $35bn in 2022

Thailand's internet economy is expected to rise 17% year-on-year to US$35 billion in gross merchandise value (GMV) in 2022, driven by e-commerce, eventually reaching $53 billion in 2025, according to the "e-Conomy SEA 2022" report by Google, Temasek and Bain & Company.

Bangkok Post

Former Retail Star Gome Hobbled by Declining Revenue, Heavy Debt

Key Takeaways: Gome’s revenues are falling sharply despite gains for its online business, as tumbling sales at its brick-and-mortar stores lead to layoffs and closures

Benzinga

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Benzinga

New Oriental Emerges from Carnage of Education Cleanup

Key Takeaways: New Oriental Education returned to profitability in its latest reporting quarter, as its revenue declines continued to ease The company’s new business mix after China banned K-12 tutoring in core curriculum areas includes non-academic tutoring and study abroad services By Doug Young

Bangkok Post

Alibaba tools help vendors cash in on 11:11 festival

Chinese e-commerce giant Alibaba Group Holding has vowed to support merchants with the necessary tools to help them succeed in its 11.11 global shopping festival, which was officially launched yesterday.

Benzinga

Pinduoduo Finds Early Success in U.S. E-Commerce. Now Comes the Hard Part

Key Takeaways: Nearly two months after its launch, Pinduoduo’s cross-border e-commerce Temu app is among the top U.S. e-commerce apps based on new download rankings Despite its early success, the app will face a series of challenges in its target U.S. market, including cutthroat competition and high marketing expenses

The Times of India

India needs to follow Chinese e-commerce model for effective taxation, integrating rural economy: Arun Kumar

NEW DELHI: India needs to follow the Chinese e-commerce model rather than following the US model for effective taxation and integrating small vendors, especially in rural areas, suggested a noted economist Arun Kumar on Friday.

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Bangkok Post

Omni-channel retail evolution

E-commerce has grown rapidly over the past five years, with expansion accelerating since the pandemic. Though growth has moderated from pandemic highs as restrictions on activity recede, the property services firm CBRE expects future expansion in Asia-Pacific to continue to outpace the rest of the world.

StockNews.com

3 Solid Retail Stocks to Buy in Q4 and 1 to Sell

The retail industry continues to do well despite surging commodity prices, supply chain disruptions, and labor shortages, thanks to the expansion of e-commerce. Therefore, fundamentally strong retail stocks, such as Buckle, Inc. (BKE), J.Jill, Inc. (JILL), and Movado Group (MOV), could be promising investments. On the other hand, avoiding The…

Asharq Al-Awsat

Dubai Courier Firm Aramex Buys Florida MyUS for $265 Mln

Dubai-listed courier firm Aramex said on Wednesday it had bought Florida-based e-commerce company Access USA Shipping LLC (MyUS) for about $265 million in an all-cash deal. The transaction, after having obtained all the necessary regulatory approvals, marks Aramex’s largest acquisition to date, it said. Abu Dhabi sovereign wealth fund ADQ…

Bangkok Post

Uneven recovery hinders sector's growth

Thailand's e-commerce is expected to post US$23 billion in gross merchandise value (GMV) this year, up 18% year-on-year, but the growth is much smaller than the previous year, weighed down by economic headwinds, according to a new survey by Facebook parent firm Meta and consultancy Bain & Company.

360info

More women entrepreneurs mean less global poverty

Entrepreneurship is an engine of economic growth but it can only move into top gear when there are more women.

Bangkok Post

Shift from promotions to profit

After a decade of fierce battle in the e-commerce industry, offering huge promotions, subsidies and discount campaigns, the competition is expected to cool down as operators focus on profit and sustainable growth instead of burning cash to attract users.

Los Angeles Times

Amazon workers in San Bernardino allege anti-union actions and retaliation

LOS ANGELES — A group of workers at an Amazon air freight hub in San Bernardino that has been pushing for a $5-per-hour pay increase and more robust safety measures accused the e-commerce giant of unfair labor practices in a Thursday filing with the National Labor Relations Board.

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