Friday, November 22

Tag: E-commerce

TikTok to Invest More Than $1.5 Billion in GoTo to Restart Indonesia E-Commerce Business
11Dec By adminNo Comments
World

TikTok to Invest More Than $1.5 Billion in GoTo to Restart Indonesia E-Commerce Business

Updated Dec. 11, 2023 4:29 am ETBytedance’s TikTok will invest more than $1.5 billion in a deal with GoTo Group that will allow the Chinese video-sharing app to resume retail operations in Indonesia, one of its most successful e-commerce markets.The companies said Monday that TikTok Shop Indonesia and GoTo’s Tokopedia e-commerce platform will be combined under the existing Tokopedia entity, with TikTok taking a 75% controlling stake.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Here’s How to Vet E-Bikes, E-Scooters and Other Products for Battery Safety
10Dec By adminNo Comments
Technology

Here’s How to Vet E-Bikes, E-Scooters and Other Products for Battery Safety

Faulty electronics are causing more fires in homes lately. This holiday season, I don’t want to give my neighbors the wrong kind of light show, so I sought advice on how to avoid buying potentially dangerous devices.E-bike and e-scooter battery fires are soaring, particularly in New York, where 17 people have died and dozens have been injured this year.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Here’s How to Vet E-Bikes, E-Scooters and Other Products for Battery Safety
10Dec By adminNo Comments
World

Here’s How to Vet E-Bikes, E-Scooters and Other Products for Battery Safety

Faulty electronics are causing more fires in homes lately. This holiday season, I don’t want to give my neighbors the wrong kind of light show, so I sought advice on how to avoid buying potentially dangerous devices.E-bike and e-scooter battery fires are soaring, particularly in New York, where 17 people have died and dozens have been injured this year.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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X Is Working to Lure Smaller Advertisers as Elon Musk Keeps Alienating Big Brands
8Dec By adminNo Comments
Technology

X Is Working to Lure Smaller Advertisers as Elon Musk Keeps Alienating Big Brands

X wants Facebook’s secret weapon: small businesses.The social-media site formerly known as Twitter largely relies on advertising revenue from the world’s largest brands. But since owner Elon Musk alienated some of the biggest spenders, finding a new customer base has become critical.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Shopping for Luxury Online Has Fallen Out of Fashion
7Dec By adminNo Comments
Money

Shopping for Luxury Online Has Fallen Out of Fashion

Stocks that unite two of the world’s most successful industries, European luxury and American tech, might sound like winners. Instead, companies that sell luxury goods online have turned into quicksand for investors.After a sales boom during the pandemic, online luxury stores are grappling with flagging demand and widening losses. Two New York-listed players, Farfetch and MyTheresa owner MYT Netherlands Parent, have lost around 90% of their market value since initial public offerings in 2018 and 2021, respectively.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Once Unstoppable, Alibaba Is Now Faltering
7Dec By adminNo Comments
World

Once Unstoppable, Alibaba Is Now Faltering

Updated Dec. 7, 2023 12:03 am ETSINGAPORE—Chinese internet titan Alibaba Group Holding once seemed invincible. Now, it is stuck in a slump.The e-commerce giant was a major driver of China’s growing consumer economy as it pioneered online shopping in China. Over the years, it also expanded into cloud computing, physical supermarkets and digital entertainment.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Tech’s New Normal: Microcuts Over Growth at All Costs
5Dec By adminNo Comments
Technology

Tech’s New Normal: Microcuts Over Growth at All Costs

The tech industry has largely recovered from the downturn, but Silicon Valley learned a long-lasting lesson: how to do more with less. Amazon, Google, Microsoft and Meta Platforms have been cutting dozens or a few hundred employees at a time as executives keep tight controls on costs, even as their businesses and stock prices have rebounded sharply. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The Rise of Temu’s Chinese Parent Will Reshape E-Commerce
5Dec By adminNo Comments
Money

The Rise of Temu’s Chinese Parent Will Reshape E-Commerce

Updated Dec. 5, 2023 12:06 am ETMove over, Alibaba. There’s a new online-shopping champion in China: PDD, the company behind discount-retailing app Temu, is now the country’s most valuable e-commerce company.After a 78% rise this year, PDD’s market value has hit $193 billion, snatching the crown from Alibaba. Though PDD’s revenue last quarter was still less than a third of Alibaba’s, it’s growing much faster. Revenue for the three months ended in September surged 94% from a year earlier—Alibaba’s only grew 9%. That breakneck growth means the market is willing to assign a much higher multiple to PDD stock: It trades at 34 times earnings compared with 11 times for Alibaba, according to S&P Global Market Intelligence.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 8799...
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Uber, Jabil, Builders FirstSource to Join S&P 500
3Dec By adminNo Comments
Money

Uber, Jabil, Builders FirstSource to Join S&P 500

Uber Technologies, Jabil and Builders FirstSource will join the S&P 500, S&P Global said Friday.The three will replace Sealed Air, Alaska Air Group and SolarEdge Technologies in the index, respectively.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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