E-commerce - CybAI news

05 Sep

The US government may be preparing to investigate internet retail giants like Shein and Temu

stp2y0 CommentsNewsconsumer product safety commission, CPSC, E-commerce, gear, Government, investigation, laws, news, products, safety, shein, shopping, temu

Online retailers like Temu and Shein are known for selling cheap products like baby clothes, kitchen gadgets and electronics. The Consumer Product Safety Commission (CPSC) wants to know the true costs that foreign online retailers are cutting to sell these products at lower prices.CPSC commissioners Peter Feldman and Douglas Dziak released a joint statement today calling for their staff to evaluate the operations of foreign e-commerce sites. The statement cites Shein and Temu as two online retail companies that “raise specific concerns.”Recent news reports of “deadly baby and toddlers products” being sold on these platforms started to raise red flags…

16 Aug

Chinese Tech Stocks Rally as JD.com Spurs Earnings Optimism

stp2y0 CommentsRAG modelsALIBABA GROUP HOLDING-SP ADR, Bear Market, china, E-commerce, Earnings, HANG SENG INDEX, JD.COM INC-ADR, policy, stocks, Technology, TENCENT HOLDINGS LTD

Chinese technology stocks gained as resilient earnings from major e-commerce firms helped soothe concerns over weak consumption. The Hang Seng Tech Index rose as much as 2.2%, poised for its best day in August. JD.com Inc. contributed to about a third of the index’s gains after shares jumped more than 9% following a strong profit beat. Alibaba Group Holding Ltd. rose over 4% as traders focused on positive elements of its mixed results. Source link lol

16 Aug

Alibaba’s Long-Awaited China Stock Link May Provide Timely Boost

stp2y0 CommentsRAG modelsALIBABA GROUP HOLDING-SP ADR, artificial intelligence, china, E-commerce, Hong Kong, Inclusion, Markets, MEITUAN-CLASS B, Shanghai, Shenzhen, Technology, TENCENT HOLDINGS LTD

Chinese investors finally being able to buy shares of Alibaba Group Holding Ltd. may provide a much-needed boost for the e-commerce firm’s stock, with an inflow of up to about $20 billion into next year.The company first hatched the plan for an upgrade to a primary listing in Hong Kong two years ago amid heightened tensions with the US. It may at last be realized by the end of the month, paving the way for it to join a program that connects the Shanghai and Shenzhen bourses to the Hong Kong exchange. Source link lol

15 Aug

Alibaba’s Revenue Misses Estimates in a Blow to Revival Effort

stp2y0 CommentsRAG modelsALIBABA GROUP HOLDING-SP ADR, artificial intelligence, china, China Renminbi Spot, Consumer Spending, Daniel Yong, E-commerce, environment, PDD HOLDINGS INC, shopping, Technology

Alibaba Group Holding Ltd. posted a disappointing 4% rise in revenue, after aggressive promotions and new shopping features failed to drive spending in a patchy Chinese consumer environment.The domestic e-commerce leader reportedBloomberg Terminal revenue of 243.2 billion yuan ($34 billion) in the June quarter, versus the average projection for about 249.9 billion yuan. Net income fell about 27% to 24.3 billion yuan, reflecting the heavy cost of attracting and retaining shoppers. Source link lol

15 Aug

Adyen’s Net Revenue Beats Estimates After Winning New Clients

stp2y0 CommentsRAG modelsADYEN NV, E-commerce, europe, finance, Netherlands, North America, Technology

Adyen NV’s net revenue beat estimates in the first half of the year as it added new customers and existing merchants processed more transactions through the Dutch payments company.Adyen, which handles e-commerce payments for large enterprises and through point-of-sale terminals in physical stores, said net revenue increased 24% from a year earlier to €913.4 million ($1 billion) for the six months through June. That compares with an average estimate of €908.9 million in a Bloomberg survey of analysts. Source link lol

14 Aug

David Tepper Sticks to China Bet While Trimming Nvidia Holdings

stp2y0 CommentsRAG modelsALIBABA GROUP HOLDING-SP ADR, BAIDU INC - SPON ADR, china, David Alan Tepper, E-commerce, JD.COM INC-ADR, KE HOLDINGS INC-ADR, Michael James Burry, NVIDIA CORP, regulation, Technology

Billionaire investor David Tepper held about steady in the Chinese companies that he scooped up earlier this year, even as he trimmed his stakes in Alibaba Group Holding Ltd. and US tech giants.While Tepper’s Appaloosa Management cut its stakeBloomberg Terminal in Alibaba by about 7% in the second quarter, the Chinese e-commerce giant remains the fund’s biggest position, accounting for 12% of its $6.2 billion equity portfolio, according to a 13F regulatory filing Wednesday. Source link lol

13 Aug

Singapore’s Sea Tops Profit Estimates on Online Shopping Growth

stp2y0 CommentsRAG modelsALIBABA GROUP HOLDING-SP ADR, artificial intelligence, BYTEDANCE LTD, E-commerce, Earnings, PDD HOLDINGS INC, SEA LTD-ADR, Singapore, Southeast Asia, Stock Futures, Technology

Sea Ltd. raised the outlook for its main online retailing arm, signaling the Southeast Asia e-commerce leader is effectively encountering intense competition from the likes of TikTok and Lazada.The value of goods sold by the Shopee division will rise in the “mid-20%” range this year, Sea said TuesdayBloomberg Terminal, rather than the “high teens” pace predicted in March. Singapore-based Sea also posted second-quarter profit and sales that topped analysts’ estimates. Source link lol

12 Aug

Sea Raises Sellers’ Fees to Above TikTok, Temu to Fatten Margins

stp2y0 CommentsRAG modelsBYTEDANCE LTD, E-commerce, Indonesia, JPMORGAN CHASE & CO, JULY SARL/CAEN, PDD HOLDINGS INC, Philippines, SEA LTD-ADR, Southeast Asia, Technology, Thailand

Sea Ltd.’s Shopee has raised the commissions it charges merchants in many core markets by about a third since the start of the year, underscoring the Southeast Asia e-commerce leader’s renewed attempt of boosting its bottom line.The moves, which haven’t previously been reported, reflect Sea’s growing confidence it can retain merchants in key markets, despite competition from TikTok, Temu and Lazada. Its commission now exceeds its rivals’, with its fee in Thailand rising to as much as 13% in July from 10% previously, according to its website. TikTok charges as much as 8% and Lazada up to 10%, according to…

09 Aug

Has Burning Man Peaked?

stp2y0 CommentsRAG modelsALPHABET INC-CL A, AMAZON.COM INC, art, artificial intelligence, business, E-commerce, Elon Reeve Musk, fully-charged, Government, Nevada, startups, Technology, United Kingdom

For the first time in more than a decade, Burning Man is struggling to sell all of its tickets. But first... Source link lol

08 Aug

Amazon Deals Let Shoppers Buy Products on TikTok, Pinterest

stp2y0 CommentsRAG modelsAMAZON.COM INC, apps, BEIJING DOUYIN INFORMATION S, BYTEDANCE LTD, E-commerce, META PLATFORMS INC-CLASS A, PINTEREST INC- CLASS A, shopping, SNAP INC - A, social media, Technology

Amazon.com Inc. has inked partnerships with TikTok and Pinterest Inc. that lets users buy products from the e-commerce company without leaving the social media apps.Users can link their profiles from TikTok and Pinterest to their Amazon accounts and then buy products directly from ads. The initiative is designed to make it more convenient for customers to shop on social media, an Amazon spokesperson said Thursday in a statement. Source link lol