The days of buying ultracheap stuff on TikTok Shop may be winding down. Starting today, the fees TikTok charges sellers increase from 2 percent to 6 percent of the price of each order. They will creep up to 8 percent in July. The changes may mark a crucial moment for people who shop on TikTok … Read more
There may be bad news if you purchased one of Amazon’s “Overall Picks” for video doorbells in recent months. New tests from Consumer Reports find that popular doorbell cameras sold under names including Eken and Tuck are rife with security flaws that make it dead simple for anyone to watch your camera footage. Prepping the … Read more
Photo: Rokas Tenys (Shutterstock) Amazon allegedly tricked users into buying more expensive products through the use of its “Buy Box,” according to a class action lawsuit filed last week. The Buy Box, which features a “Buy Now” and “Add to Cart” button next to eligible items, funnels users into terrible deals through the ease of … Read more
Alibaba is operating in Suqian City, Jiangsu Province, China, on December 29, 2023. Costfoto | Nurphoto | Getty Images Shares of Alibaba initially whipsawed in premarket trade on Wednesday, as the company missed market expectations for revenue in the December quarter, but announced it is increasing the size of its share buyback program by $25 … Read more
Customers shop at a supermarket in Qingzhou city, East China’s Shandong province on Jan 12, 2024. Future Publishing | Future Publishing | Getty Images The rise of online shopping, social media and easier access to factories are driving the growth of new consumer brands in parts of Asia — putting pressure on traditional industry giants. … Read more
Logos of online social media and social networking sites displayed on a smartphone screen on August 01, 2023 in Bath, England. Matt Cardy | Getty Images News | Getty Images SINGAPORE — As more businesses turn to social media to sell their merchandise, online shoppers in Singapore are exploring new buying experiences — and Gen … Read more
Signage on the Alibaba Group Holding Ltd. sales space on the Sensible China Expo in Chongqing, China, on Monday, Sept. 4, 2023. Qilai Shen | Bloomberg | Getty Photographs Alibaba must be “person first” and “AI-driven,” new CEO Eddie Wu instructed staff on Tuesday, as he laid out the strategic priorities for the Chinese language … Read more
Alibaba introduced a serious management reshuffle on Tuesday, with CEO and Chairman Daniel Zhang planning to step down this 12 months and get replaced by veterans on the Chinese language tech large. Eddie Yongming Wu will step in as CEO, whereas Joe Tsai will take over as chairman on Sept. 10. The 2 executives are … Read more