If you are planning to buy your donkey meat on Amazon this Christmas, you may have to look elsewhere. The world’s largest online retailer says it has stopped selling edible donkey in California, WIRED has learned. Amazon’s new policy kicked in after months of negotiations with the Center for Contemporary Equine Studies, a nonprofit organization … Read more
Trader works at the post where Alibaba is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 28, 2023. REUTERS/Brendan McDermid Brendan Mcdermid | Reuters BEIJING — Alibaba Group CEO Eddie Wu is taking over the top role at the company’s Taobao and Tmall e-commerce business, replacing … Read more
TUNL, a South African parcel shipping platform, has secured $1 million in pre-seed funding from investors, including Founders Factory Africa, Digital Africa Ventures, E4E Africa, and Jozi Angels. The platform, which claims to help e-commerce merchants save between 50% and 80% on international shipping costs, said the funding will fuel its expansion in its primary … Read more
BRAZIL – 2023/05/23: In this photo illustration, the Shopee logo is displayed on a smartphone screen. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images) Rafael Henrique | Sopa Images | Lightrocket | Getty Images Shopee, the e-commerce arm of Southeast Asian tech giant Sea Limited, may face “greater pressure” from the combined forces of … Read more
ByteDance’s TikTok will take a 75.01% controlling stake in a joint venture entity formed in partnership with GoTo’s e-commerce unit Tokopedia, the two tech firms announced on Monday. TikTok will invest $1.5 billion in the combined entity over time “to provide future funding required by the business, without any additional dilution to GoTo’s 24.99% stake,” … Read more
ATI’s pilots are taking a less antagonistic tone in hopes of bringing Amazon to the negotiating table. “What we don’t want to do is affect our customers,” says Sterling. “We’ve done a lot to protect our obsession with Amazon.” However, he says the intransigence of ATSG’s management has left the pilots with no choice but … Read more
ByteDance Ltd.’s TikTok has struck an agreement to invest in a unit of Indonesia’s GoTo Group and cooperate on an online shopping service, pioneering a template for e-commerce beyond Southeast Asia’s biggest economy. The Chinese-owned video service has agreed broadly to work with GoTo’s Tokopedia across several areas rather than compete directly with the Indonesian … Read more
Lazada is the third-largest e-commerce player in Indonesia, after Sea Limited’s Shopee and Tokopedia, according to Momentum Works. Matt Hunt | Lightrocket | Getty Images Lazada, a Southeast Asian e-commerce marketplace owned by Alibaba, is courting sellers affected by Indonesia’s latest e-commerce regulation, its Indonesia CEO James Chang told employees in a town hall meeting … Read more
A merchant sells crystal ornaments via a live TikTok broadcast. CFOTO | Future Publishing | Getty Images TikTok Indonesia said it will end transactions on its e-commerce marketplace by Thursday, in order to comply with new local regulations. The announcement comes after the Indonesian ministry of trade last week set a one-week deadline for TikTok … Read more
JAKARTA, Indonesia — Chinese-owned app TikTok on Thursday said it regretted the Indonesian government’s decision to ban e-commerce transactions on social media platforms and particularly the impact it would have on the millions of sellers who use TikTok Shop. But TikTok Indonesia said in a statement it will respect the regulations and laws that apply … Read more