E-Commerce
- Business
Chinese e-com platform Temu under fire for aggressive marketing
Seoul: Chinese online shopping platform Temu came under fire for its aggressive marketing tactics to lure customers in South Korea, industry sources said on Tuesday. The direct purchase app, run by Chinese…
- Business
eBay agrees to pay $59 mn to settle lawsuit related to sales of pill-making tools
San Francisco: E-commerce platform eBay has agreed to pay $59 million to settle a lawsuit alleging that it assisted in the sale of pill press machines that can be used to manufacture…
- Business
E-com player Temu sues Shein for ‘Mafia-style’ intimidation of merchants
San Francisco: Growing e-commerce marketplace Temu has sued its rival Shein, alleging that the online shopping giant is using “Mafia-style” intimidation tactics on merchants. In the lawsuit filed in the US, Temu…
- Technology
Amazon unveils passwordless passkeys for iOS and web users
Amazon is introducing passkey support for browsers and its iOS mobile shopping app, offering customers a passwordless sign-in option. Users can establish passkeys in their Amazon settings, enabling them to utilize facial…
- Business
Amazon used a secret algorithm to raise prices: Report
San Francisco: E-commerce giant Amazon reportedly deployed a secret algorithm to gauge how much it could raise prices on its platform which allegedly helped the company increase its profits. The Wall Street…
- Technology
Amazon introduces 5 new ways for easy smartphone-based search & shop
New Delhi: E-commerce giant Amazon has introduced 5 new ways to make it easier to search and shop for products on smartphones. Now, to help customers find what they want when they…
- Business
Flipkart co-founder Binny Bansal plans e-commerce startup: Report
New Delhi: Flipkart co-founder Binny Bansal is reportedly planning a new startup in the burgeoning e-commerce space in India. According to Money Control, Bansal recently sold his remaining stake in Flipkart and…
- Technology
E-commerce growth in India to hit $150 bn by 2026: Report
New Delhi: The e-commerce transaction value in India is likely to rise from $83 billion in 2022 to nearly $150 billion in 2026 at a 16 per cent compound annual growth rate,…
- Technology
Committed to invest $26 bn in India by 2030: Amazon CEO
Washington: E-commerce giant Amazon CEO Andy Jassy on Saturday said that the company is committed to invest $26 billion in India by 2030. Amazon has invested about $11 billion in India so…
- Business
Myntra’s EORS-18 concludes with record 50% new customer growth over previous June edition
New Delhi: The 18th edition of Myntras biannual fashion carnival, the End of Reason Sale (EORS), which was held between June 1-11, witnessed yet another successful edition with millions of shoppers flanking…
- Technology
Indian researchers uncover Android malware impersonating BFSI, e-com apps
New Delhi: Indian researchers have uncovered a sophisticated malware campaign known as DogeRAT (Remote Access Trojan), which is being carried out through the distribution of fake Android apps designed to look like…
- Business
Inspired by film, engineer steals $300K from e-commerce site
San Francisco: A former software engineer of the US-based e-commerce website Zulily, has been charged with stealing over $3,00,000 from the site after allegedly being inspired by the 1999 film ‘Office Space’.…
- Business
Amazon secures $8 bn loan to safeguard against economic headwinds
San Francisco: E-commerce giant Amazon has secured $8 billion in Term Loan from DBS Bank, Mizuho Bank and others, that will be used for “general corporate purposes”. In a filing with the…
- Business
Global e-commerce revenue drops $250 bn in 2022
New Delhi: After registering years of impressive growth, global e-commerce revenue sank $250 billion (year-over-year), falling from $3.84 trillion in 2021 to $3.59 trillion this year which is a first for the…
- Technology
Amazon India to offer its transportation services to third-party merchants
New Delhi: E-commerce giant Amazon will offer its transportation and logistics network as a service to third-party merchants, businesses and direct-to-consumer brands in India. According to TechCrunch, the company attempts to replicate…