Author: admin

Visitors to Shein.com are immediately greeted with multiple pop-ups advertising deep discounts. Avoid these and you'll be able to browse through product photos of varying quality. Some feature models shot in studios, others are awkwardly Photoshopped or clearly computer-generated. The Christmas sale is layered with falling snowflakes that look straight out of her Myspace page or her Livejournal blog.Rival Temu is a similar jumble of messy text, haphazard photos, and a dizzying array of products. Users who encountered TikTok Shop after it launched in September complained that aggressive promotions of cheap, unbranded products cluttered their feeds.For Western consumers, the disconnect…

Written by Casey HallSHANGHAI (Reuters) – Alibaba Group said on Wednesday its chief executive officer would directly oversee its domestic e-commerce unit, with the unit's former head looking to divest from non-core assets to counter the group's slowing profit growth. He announced that he would focus on management.According to the company, group CEO Eddie Wu will become CEO of domestic e-commerce unit Taobao and Tmall Group with immediate effect, and will have direct control over the group's core businesses. Management power will be strengthened.Wu has been group CEO since September, the same month he was appointed CEO of the company's…

A trader works at a post where Alibaba is traded on the floor of the New York Stock Exchange (NYSE) on March 28, 2023 in New York City, USA.Reuters/Brendan McDiarmidBrendan McDiarmid | ReutersBEIJING – Alibaba Group CEO Eddie Wu replaces Trudy Dai in the Chinese internet technology giant's latest management shake-up this year to lead the company's Taobao and Tmall e-commerce companies. He will take over the role of the top executive of the business.Dai, one of Alibaba's 18 co-founders, plans to help set up an asset management company, according to an internal letter from Alibaba Chairman Joe Tsai obtained…

HONG KONG (AP) – China's Alibaba Group is focusing on e-commerce at its core, with CEO Eddie Wu looking to boost growth and fend off fast-growing online shopping rivals like Pinduoduo. He announced that he would be in charge of the business. Wu will succeed Trudy Dai, one of Alibaba's founding employees and a longtime Alibaba executive. Alibaba Chairman Joe Tsai said in an internal letter Wednesday that Dai will help establish an asset management company aimed at improving return on capital and “enhancing shareholder value.” The appointments come after PDD Holdings, which operates online shopping platform Pinduoduo and U.S.-focused…

HONG KONG (AP) – China's Alibaba Group is focusing on e-commerce at its core, with CEO Eddie Wu looking to boost growth and fend off fast-growing online shopping rivals like Pinduoduo. He announced that he would be in charge of the business.Wu will succeed Trudy Dai, one of Alibaba's founding employees and a longtime Alibaba executive.Alibaba Chairman Joe Tsai said in an internal letter Wednesday that Dai will help establish an asset management company aimed at improving return on capital and “enhancing shareholder value.”The appointments come after PDD Holdings, which operates online shopping platform Pinduoduo and U.S.-focused e-commerce site Temu,…

Digital platforms in the luxury goods industry are grappling with significant challenges marked by financial struggles and strategic shifts. London-based Farfetch has opted to sell a majority stake to Coupang, often referred to as the Korean Amazon, to avoid bankruptcy. The acquisition of Coupang, known as an “every” store known for selling more affordable clothing in the $20 range than $2,000 dresses, means Farfetch's value will rise from its 2021 peak of $21 billion. Illustrating its recent decline to just $250 million last week. Matchesfashion, originally a small boutique business in south-west London, faced a similar fate. Valued at around…

HONG KONG (AP) – China's Alibaba Group is focusing on e-commerce at its core, with CEO Eddie Wu looking to boost growth and fend off fast-growing online shopping rivals like Pinduoduo. He announced that he would be in charge of the business. Wu will succeed Trudy Dai, one of Alibaba's founding employees and a longtime Alibaba executive. Alibaba Chairman Joe Tsai said in an internal letter Wednesday that Dai will help establish an asset management company aimed at improving return on capital and “enhancing shareholder value.” The appointments come after PDD Holdings, which operates online shopping platform Pinduoduo and U.S.-focused…

While there are many different marketplaces online where you can sell your products, it can be difficult to decide which is most suitable for your business. This blog will discuss the 15 biggest online marketplaces as well as what makes them unique from other online marketplaces. So, whether you are an e-commerce brand or a retail seller looking to expand your audience reach, increase sales and generate more revenue, read on to check out what could be the best online marketplace for you.The 15 Best Online Marketplaces for E-Commerce Brands and Sellers: What is an Online Marketplace?Essentially, an online marketplace…

Mathias Ockenfels, Speedinvest's Berlin-based general partner, said the company is looking to invest in marketplaces and marketplace-related technology. speed investment speed investment position: vienna, austriaE-commerce transactions in 2023: 4. According to Pitch Book”SpeedInvest's Marketplace & Consumer Investing team remains excited about the company, which is built on strong network effects as a long-term and sustainably defensible moat,” Ockenfels said. “In our view, this is a long-term trend that will never go away, and it has produced and continues to produce extremely valuable and resilient companies such as AirBnB, Meta, and Amazon. It will continue.”The company has invested in services, software,…

E-commerce booms as regulations continue When asked in May 2020 about general lifestyle changes due to the novel coronavirus disease (COVID-19), approximately 62% of U.S. adults surveyed reported going to the store less. Another 52% reported an increase in online shopping. This shift from physical shopping carts to digital shopping carts is one of several precautions the public has started taking since infections surged across the country. To avoid virus transmission in crowded stores, more than 20% of U.S. consumers said they purchased items online more often in March 2020, compared with those who had never used an e-commerce service…