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(Representative image)Brazilian retailer Magazin Luisa said on Monday it had signed a deal with Chinese e-commerce platform AliExpress that would allow the two companies to sell products on each other's platforms, sending the company's shares soaring.AliExpress will sell products from its premium service Choice on Magazine Luiza's marketplace, while Magalu, also known as the retailer, will sell products from its own inventory on the Chinese company's platform in Brazil. Magazine Luisa's shares rose more than 13 percent on the news, while Brazil's Bovespa stock index rose 1 percent.E-commerce companies from China and other Asian countries have been competing fiercely with…

Representative imageAnand Daniel, partner at leading venture capital firm Accel, says the next decade will see the creation of several billion-dollar plus companies serving promising sectors such as e-commerce, financial services and rural healthcare in smaller towns and cities. In a blog post titled “The Imminent Rise of Startups Catering to Indian Citizens' Needs,” he adds that these largely untapped non-urban growth stories are unfolding amid significant advances in online, financial and delivery infrastructure. Accel is also bullish on content platforms and consumer-facing companies leveraging AI for these high-potential regional markets, as well as companies dabbling in edtech, skilling and…

Updated June 25, 2024, 16:41 ISTThe Indian e-commerce sector has transformed the way business is done in India and opened up various areas of commerce. The overall e-commerce market is expected to reach USD 350 billion by 2030. Vietnam-based giant Hibox makes major announcement amid booming Indian e-commerce market. Image: Canva of E-commerce The Indian e-commerce market is expected to grow significantly as it is projected to reach USD 300 billion by 2030. India has around 800 million internet subscribers, of which around 350 million mature online users are actively transacting. The e-commerce market is also projected to cross USD…

Table of Contents Show more Show less E-commerce is more popular today than ever before. Between 2019 and 2023, the number of e-commerce websites increased from 9.2 million to 26.5 million. If you’re looking for a way to earn money online while being your own boss, an e-commerce business may be worthwhile. While it takes much time, effort, and dedication, it can become a profitable, enjoyable venture. With our handy guide on how to start an e-commerce business, you can hit the ground running and bring a successful e-commerce store to life. Featured PartnersPrice Per MonthFrom INR 165.53 ($1.99) onwardsBenefitsFree…

LONDON–(BUSINESS WIRE)–Sovos, the 24/7 compliance company, today announced a joint venture relationship (JBR) with PwC Ireland to leverage the complementary tax compliance expertise and technology solutions of both organizations to accelerate the adoption of e-invoicing and e-reporting in the wake of growing government mandates in the EU and around the world. Through this collaboration, PwC Ireland aims to strengthen its tax technology offering by providing value-added services and further strengthen client relationships. JBR expands the collaboration between the two companies following a previous agreement between Sovos and PwC Belgium. The partnership will provide Sovos and PwC clients with access to…

Apple is reportedly in talks with Meta to integrate Meta's generative AI models into its newly announced personalization AI system, Apple Intelligence. Apple is also exploring collaborations with startups Anthropic and Perplexity to combine their generative AI technologies, according to sources familiar with the talks. The coming together of tech giants and innovative startups marks a pivotal moment for AI. For years, we have seen tech giants like Apple, Google, and Meta (formerly Facebook) closely guard their innovations, treating them as trade secrets. This approach has fostered competition and driven rapid progress, but it has also led to fragmentation and…

SHEIN's website features actor Kim Yoo-jung, the first global ambassador for its sub-brand Daisy. [SCREEN CAPTURE] New entrants, Chinese e-commerce and social media companies such as SHEIN and TikTok, are entering the South Korean market as online retailers in South Korea are losing money and more people in the country are buying from overseas sites. Its emergence comes at a time when Google-owned YouTube has entered the world's fifth-largest e-commerce market by revenue, further squeezing the position of local operators such as Coupang and Lotte. SHEIN appointed actor Kim Yoo Jung as the first global ambassador for its sub-brand “Daisy”…

In fact, 94% of executives believe that legacy infrastructure is a significant impediment to business agility.These findings come from NTT DATA's inaugural Lifecycle Management report, which leverages NTT DATA's 25 years of data-driven insights to explore the challenges and opportunities organizations face as they navigate infrastructure lifecycle management.The survey was conducted between 2022 and 2023, collecting data from more than 248 million active assets across more than 130 countries and supported by responses from up to 1,400 senior technology decision makers.Lifecycle management is a critical enabler of business success. Unfortunately, rapid modernization, the proliferation of technology consumption models, and an…

Winning online sales is largely a numbers game, as Target's latest deals show.Target announced on Monday that it has partnered with e-commerce platform Shopify to “offer some of its most popular merchants and their products on Target+,” which the company described as a “third-party, highly curated digital marketplace.” Target also plans to become the first mass retailer to sell some of Shopify's other retail partners' products in its brick-and-mortar stores. The Target news comes as third-party marketplaces have rapidly become a way for retailers to expand their e-commerce offerings, a model pioneered by Amazon.com Inc. , Having other sellers help…

Target has partnered with e-commerce specialist Shopify to expand its marketplace for third-party merchants as big retailers try to catch up. It competes with major competitors Walmart Inc. and Amazon.com Inc. The Minneapolis-based retailer said vendors using Shopify's e-commerce platform can now apply to sell their products on Target's marketplace, Target Plus, and that selected Shopify customers will also be able to sell in Target's stores. Target shares were up 1.6% as of 9:39 a.m. in New York, bringing their gain this year to about 4%. Shopify, which has fallen 16% this year, was up 0.7%. Carla Sylvester, Target's chief…