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As World Trade Organization member states grapple with increasingly disappointing conditions at their February 26-29 ministerial meeting in Abu Dhabi, a small ray of light has shone in the gloom surrounding preparations for the Geneva meeting.The 90-nation Joint Statement Initiative (JSI) negotiations on e-commerce, which seemed dead just a few weeks ago, have unexpectedly been revived. A realistic recalibration of goals will be at the heart of the negotiations, raising hopes that ministers representing the participating countries will reach an agreement at the meeting.These negotiations were by no means smooth sailing. Launched at the Buenos Aires Ministerial Conference in 2017…
1. Voice over service If you have a good speaking voice and a good command of language and pronunciation, providing voiceover services can be a profitable business. This business includes providing voiceovers for video advertisements, animated films, podcasts, audiobooks, etc. The initial cost includes a high-quality microphone and sound editing software. No special education is required, but audio coaching can be beneficial. Earnings vary depending on the size and number of projects. 2. Sell stock photos If you are an avid photographer, it may be natural for you to take artistic and creative photographs and sell them as licensed images…
Jakarta, Indonesia – China's TikTok agreed on Monday to buy a majority stake in Indonesian tech conglomerate GoTo's e-commerce unit Tokopedia for $840 million and revive its e-commerce unit TikTok Shop, a deal that looks set to allow TikTok to restart its online shopping business in Southeast Asia's largest economy. TikTok shops in Indonesia were shut down after President Joko Widodo called for tougher social media regulation after an influx of cheap imports from China slashed sales for domestic businesses. The Chinese-owned app was given a week to comply, before trading on the app in Indonesia was suspended on October…
On August 11, 1994, a compact disc exchanged hands during the first ever online sale. This transaction would mark an important shift in the way we shop and do business. It was the birth of ecommerce, the buying and selling of goods and services online. Today, ecommerce is powered by a massive ecosystem of technologies and digital platforms from website builders to payment gateways to social media sales channels. It continues to grow, with global ecommerce sales projected to reach $8 trillion and account for 23.6% of all retail activity by 2026. It’s no wonder that new technology emerges every day,…
Image credits: Patrick T. Fallon/AFP via Getty ImagesByteDance's TikTok wants to do more business in Indonesia, Southeast Asia's largest e-commerce market. So after facing hurdles from regulators, the company is now coming up with a new route to get there. TikTok is investing $1.5 billion in a new joint venture that will partner Tokopedia, the e-commerce arm of Indonesian tech giant GoTo, and TikTok Shop Indonesia, the local arm of TikTok's e-commerce business. TikTok will own a 75.01% controlling interest in the new company. The $1.5 billion will not be a one-time investment, but will be invested in the combined…
downward angle icon An icon in the shape of a downward facing corner. A Walmart employee selects online orders in the beauty section. Walmart appears to be focusing on acquiring a digital base on Amazon. Eduardo Muñoz Alvarez/AP Walmart is ramping up its efforts at its 4,700 U.S. stores to fulfill orders for its growing e-commerce business.It's a strategy rival Target has focused on for a decade, with notable success.Borrowing Target's strategy could give Walmart the edge it needs to compete with Amazon. Some rivalries are about more than winning over one opponent.A good game teaches each player lessons that…
Media companies pay big bucks to have people sit behind desks and read from teleprompters as they deliver the news.But what if you're a newscaster? teeth A teleprompter in human form? Over the next decade, media companies will replace expensive employees with much cheaper AI news anchors. AI news anchors look and sound almost exactly like real humans, yet can read news just as effectively or more effectively.Technology has evolved to the point where AI-generated news anchors are already a reality, but they are still in beta testing. China's state-run Xinhua News Agency has AI anchors, as do Kuwait News…
robot holding shopping cartgetty One of the greatest innovations to shopping came in 1872 with the creation of the first mail order company. Until then, you had no choice but to go to the store in person, or at least send someone out with a shopping list. Some 80 years later, another major change has occurred in the way people shop. It was a return to in-person shopping, but now he can find almost everything in one convenient place: the mall. Forty years later, the rise of online marketplaces has ushered in yet another innovation. And while everything can still…
Graphics: GoogleThere were several AI product announcements this week. Google has released its latest AI platform, Gemini, and Elon Musk's annoying chatbot, Grok, has been rolled out to X premium users. Meanwhile, Apple tried to catch up by releasing an open source machine learning framework. It's not that exciting. That said, the AI industry remains one of the most turbulent and exciting areas of technology, and this week provided several examples. Image: rafapress (Shutterstock)Elon Musk's mean-spirited, anti-awakening chatbot Grok began rolling out to X Premium Plus users on Thursday. His X users, who paid $16 a month for the blue…
The crisis at Farfetch has been well-documented over the past week — but its woes are hardly singular in online luxury.Following a report in The Telegraph that Farfetch chief executive José Neves was in talks to delist the company, BoF reported on Monday that the fashion tech giant was seeking cash to fund operations. Those include tapping existing partners for investment and selling off assets like the brand incubator and distributor New Guards Group (the licensee of Off-White).The news has put the fate of another under-performing luxury e-tailer in jeopardy: Farfetch had been set to acquire a 47.5 percent stake…