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Just 17 days after its release, Temu surpassed Instagram, WhatsApp, Snapchat and Shein in the U.S. Apple App Store, according to Apptopia data shared with CNBC.Stefani Reynolds | AFP | Getty ImagesIndustry experts say much of the increase is due to a trade loophole called the de minimis exception, which allows packages worth under $800 shipped from China to enter the U.S. duty-free. Amazon's chief public policy officer, David Zapolsky, called it a “worrying trend” that should be investigated further by global regulators.”I think there's a question of the extent to which some of their business models are subsidized,” Zapolsky…

ImageCupid, a leading company in the contraception and personal wellness industry, proudly announces its strengthened e-commerce presence across India's leading online marketplaces including Amazon.in, Flipkart and 1mg. This strategic move is aimed at making Cupid's quality products more accessible to consumers across the country and strengthening the company's commitment towards promoting health and wellbeing. This expansion will make it easier for customers to purchase Cupid products anywhere in India. With an ever-increasing demand for reliable and confidential access to personal health products, Cupid Limited recognises the importance of a strong online presence. By partnering with top e-commerce platforms, Cupid is…

ImageCupid, a leading company in the contraception and personal wellness industry, proudly announces its strengthened e-commerce presence across India's leading online marketplaces including Amazon.in, Flipkart and 1mg. This strategic move is aimed at making Cupid's quality products more accessible to consumers across the country and strengthening the company's commitment towards promoting health and wellbeing. This expansion will make it easier for customers to purchase Cupid products anywhere in India. With an ever-increasing demand for reliable and confidential access to personal health products, Cupid Limited recognises the importance of a strong online presence. By partnering with top e-commerce platforms, Cupid is…

Image credit: Getty Images Saudi Arabia is one of around 80 countries that agreed to rules regulating global digital commerce at a recent World Trade Organization (WTO) meeting in Geneva. The agreement, finalized on Friday, marks the culmination of five years of negotiations between WTO member states. The agreement aims to establish new standards for digital trade around the world, with key provisions within its scope including the recognition of electronic signatures and the prevention of online fraud. EU Trade Commissioner Valdis Dombrovskis expressed optimism about the deal's impact. “We have negotiated the first international rules on digital trade,” Dombrovskis…

E-commerce offers huge business opportunities for women in BangladeshE-commerce offers enormous business opportunities to women as it allows business to be conducted 24/7. The growth of e-commerce helps women entrepreneurs generate new ideas and work from home. The e-commerce sector has witnessed tremendous growth in women entrepreneurs.E-commerce has a huge impact on business and productivity. It creates huge potential for economic development. Electronic commerce (Electronic commerce) is a big hit in today's market. E-commerce is the abbreviation for electronic commerce.E-commerce is the buying and selling of goods and services over the internet. E-commerce is the term used to describe the…

BEST Inc., a smart supply chain and logistics solutions provider in China and Southeast Asia, has installed advanced dimensioning, weighing and scanning (DWS) systems at its largest sorting centre in Southeast Asia, located in Shah Alam U10 (KULHUB), Malaysia. The investment in these 11 state-of-the-art systems totals approximately RM10 million. BEST Inc. Malaysia CEO Gavin Lu officiated the opening ceremony marking a significant milestone for the company. Mr Lu highlighted the importance of this technological advancement to BEST Inc. in Malaysia. “We continue to invest in cutting-edge technology and this advanced system will streamline our operations, reduce costs and provide…

E-commerce offers huge business opportunities for women in Bangladesh Dhaka, 29 July 2024 (BSS) – E-commerce creates tremendous business opportunities for women as it allows them to do business 24/7. The growth of e-commerce helps women entrepreneurs generate new ideas and work from home. There has been a tremendous growth of women entrepreneurs in the e-commerce sector. E-commerce has a huge impact on business and productivity. It creates huge potential for economic development. Electronic commerce (Electronic commerce) is a big hit in today's market. E-commerce is the abbreviation for electronic commerce. E-commerce is the buying and selling of goods and…

Press release, Orbis Research – Analysis E-commerce software vendor market report It covers several key factors, specifically, elaborating on the internal factors driving or restraining the market, which are fundamental for understanding the current state of the market and its potential expansion from the inside. In addition to the internal factors, the report also examines the external factors, particularly the opportunities and challenges. These external factors have a significant impact on the market performance and outlook. Identifying these opportunities and challenges will help stakeholders to better understand the external environment in which the market operates. To request a sample report,…

According to a report by e-commerce data tracking firm Metric, sales revenue across Shopee, Lazada, Tiki, Sendo and Tiktok Shop totalled VND143.9 trillion, up 54.91 percent year-on-year.Sales on TikTok Shop and Shopee increased by 150.5% and 65.9%, respectively. Other sites also saw double-digit growth.”Amid economic uncertainty, most households are trying to save money, which is why consumers are prioritizing affordable products that fit their budget,” the report said.TikTok Shop, which specializes in low-priced items and offers various discounts through livestreaming, has benefited from this trend, seeing a 240% increase in the number of items sold.Beauty, women's fashion, home and lifestyle…

The e-commerce roll-up model, in which companies buy smaller brands, usually independent online retailers, to grow, has seen them either pivot or close shop in a clear sign of distress.During the pandemic, many startups, including GlobalBees, GOAT Brand Labs, 10Club, and Upscalio, have emulated the model of Thrasio, a US-based e-commerce brand aggregator that is heavily funded by committed investors. Founded in 2018, Thrasio has pioneered the art of acquiring and scaling e-commerce brands, especially those operating on the Amazon marketplace. Amid the craze in India, Mensa Brands, founded by former Myntra CEO Anant Narayanan, became a unicorn in just…