E-commerce - CybAI news

07 Aug

Adanis Rejig Digital Strategy as SuperApp Struggles for Traction

stp2y0 CommentsRAG modelsALIBABA GROUP HOLDING-SP ADR, apps, E-commerce, Gautam Shantilal Adani, india, Jeet Adani, smartphone, TATA GROUP, Technology, TENCENT HOLDINGS LTD, travel

Adani Group is reworking its digital strategy that includes bolstering online payment through partnerships as Gautam Adani’s conglomerate looks to make its superapp an essential part of Indians’ lives.Adani One, with a user base of 30 million as of March 31, will widen its offerings to be more than just a travel app, Jeet Adani, the younger son of the billionaire-patriarch who is overseeing the group’s digital plans, told Bloomberg Television as part of a special package, Inside Adani. The platform was rolled out in December 2022, mostly for booking flights, hotels and services at the 7 airports operated by…

07 Aug

Shopify’s Second-Quarter Results Exceed Estimates; Shares Rise

stp2y0 CommentsRAG modelsAMAZON.COM INC, Consumer Spending, E-commerce, Earnings, Harley Finkelstein, jobs, Logistics, retail, SHOPIFY INC - CLASS A, Technology, WAYFAIR INC- CLASS A

Shopify Inc. reported second-quarter results that exceeded analysts’ estimates, suggesting that the Canadian e-commerce company is managing to navigate cautious consumer spending. Revenue for the period came in at $2.05 billion, up about 21% year-over-year and beating the $2 billion average estimate of analysts surveyed by Bloomberg. Profit, excluding one-time items, was 26 cents a share, above the 20 cents expectation. Source link lol

07 Aug

Coupang Posts First Loss Since 2022 as Farfetch Deal Saps Profit

stp2y0 CommentsRAG modelsALIBABA GROUP HOLDING-SP ADR, Bom Suk Kim, COUPANG INC, E-commerce, Earnings, Government, PDD HOLDINGS INC, regulation, South Korea, taiwan, Technology

Coupang Inc. posted its first loss in two years, after the acquisition of unprofitable Farfetch Holdings Plc and a government regulatory fine offset strong growth in its core e-commerce business.South Korea’s largest online retailer posted a net loss of $77 million for the June quarter, versus an average estimate for a loss of $11.7 million. Excluding Farfetch and a fine from the Korean authorities, Coupang’s second-quarter net income came to about $124 million, it said in a statementBloomberg Terminal. Source link lol

06 Aug

Amazon’s India Country Chief Is Stepping Down in October

stp2y0 CommentsRAG modelsAMAZON.COM INC, Asia, Dhiraj Singh, E-commerce, Emerging Markets, india, Jeff Bezos, Manish Tiwary, North America, retail, Technology

Amazon.com Inc.’s India chief is leaving “to pursue an opportunity outside of the company,” the e-commerce giant said. Manish Tiwary will depart in October, a spokesperson said in an emailed statement that didn’t name a successor. Amit Agarwal, who led Amazon’s initial push into India and now runs the company’s emerging economies initiative, “will remain closely involved with the Amazon team,” the Seattle-based company said on Tuesday. Source link lol