Tag: eCommerce
Anti-monopoly fines: Alibaba reports 1st operating loss as a public company
Alibaba Group Holding, China's leading eCommerce platform, reported its first quarterly operating loss since going public in 2014 due to a record anti-monopoly fine...
TikTok looks to dethrone Facebook with in-app shopping
Popular Chinese short video app TikTok is working with brands to test in-app sales in Europe, a move that will intensify its competition with...
India’s Flipkart seeks to raise $1bn in pre-IPO financing: Sources
According to sources, the Indian eCommerce giant Flipkart has hit the market to raise about $1 billion at up to $30 billion valuation in...
Amazon raises $1bn sustainable bond for renewable energy, green buildings
US-based eCommerce giant Amazon has issued its first sustainability bond, raising $1 billion to invest in renewable energy, clean transportation, green buildings, and affordable...
Amazon pushes back against counterfeits: Blocks 10bn fake listings on site
US-based eCommerce giant Amazon has been under constant pressure from shoppers, brands and lawmakers to crack down on counterfeits on its site.
The company recently...
Emirates Post opens new facility in EZDubai to support eCommerce growth...
UAE's official postal operator and leading express provider Emirates Post has opened a 33,475 square feet new facility in EZDubai, the fully dedicated eCommerce...
World’s richest man unloads more shares in Amazon for $2.4bn
The world’s richest man Jeff Bezos sold $2.4 billion of his American eCommerce empire Amazon’s stock, bringing the amount he’s unloaded this week to...
UAE customers can now buy EPPCO Lubricants’ products from noon.com
EPCCO Lubricants, a member of the Dubai Government's Emirates National Oil Company (ENOC), has partnered with noon.com, Middle East’s homegrown digital marketplace, to offer...
