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Ani Has been updated: May 29, 2024 10:24 IST Business Wire India New Delhi [India]May 29th: Xuno, the pioneering AI-driven platform, announces its official release to redefine how publishers and advertisers engage with e-commerce. By leveraging advanced artificial intelligence, Xuno delivers highly personalized product recommendations and optimizes high-profile moments in the digital marketplace, creating significant value for both publishers and advertisers.A recent study revealed that e-commerce companies are losing 28% of profits per transaction by failing to capitalize on peak attention moments in the buying process. Competition is fierce, and brands are constantly looking for ways to squeeze every last…
The growth of PDD's Temu marketplace has positioned the company as a leader in China's e-commerce sector.Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesAccording to analysts, PDD's cost-performance positioning and the growth of its Temu marketplace have helped the company lead China's e-commerce sector, making it China's most valuable company in the sector.PDD Holdings reported stellar first-quarter results last Wednesday, sending its shares soaring 7.5%, giving it a market capitalization that surpasses that of rival Alibaba Group. PDD shares have more than doubled in the past year, rising 109%, according to LSEG data.PDD, which also owns Chinese discount…
ISLAMABAD: The National E-Commerce Council (NeCC) on Tuesday decided to formulate a five-year roadmap and action plan to boost digital trade.The decision was taken at the council's ninth meeting chaired by Commerce Minister Jam Kamal Khan. Representatives from various sectors also gave presentations highlighting the obstacles preventing the promotion of e-commerce. It was decided that the new cross-cutting policy would be presented to Prime Minister Shehbaz Sharif and Foreign Minister Ishaq Dar ahead of the Budget Session.To achieve this short deadline, the Minister of Commerce has directed the formation of two to three working groups with clear terms of reference…
opinion Shark Tank judge and CEO Sabri Saby paid tribute to Kim Kardashian by calling SKIMS one of the best e-commerce brands she's ever seen. Here, Saby explains how she did it and what marketers can learn from it. 15 minutes ago Yes, yes, hats off to Kim Kardashian: SKIMS is one of the best e-commerce brands on the planet.We get it. You're probably cringing at the premise of this article. As marketers, it's easy to discount the success of celebrities. Of course, Kim Kardashian sells. She has 364 million followers on Instagram, and her SKIMS brand page alone boasts…
Coupang is back in the spotlight. The New York-listed South Korean e-commerce company, which acquired Farfetch in January, reported its first-quarter results this month, marking the first time that the financial statements included losses from the embattled London-based luxury marketplace. Coupang's quarterly revenue rose 23% to $7.1 billion, but net income fell 95% to just $5 million.This wasn't the only news to spook investors. Shortly after revealing that profits fell short of analysts' expectations, Coupang confirmed local media reports that South Korean tax authorities were investigating financial flows between the company's Korean subsidiary and overseas affiliates owned by U.S.-based Coupang…
🇰🇪 Kenyan e-commerce company Copia collapses. Copia Global, the parent company of a mass-market e-tailer that has raised $123 million in venture funding, is on the brink of closure after hiring KPMG to manage its administration process, citing “uncertainty about the future,” CEO Tim Steele wrote in an internal memo obtained by the company. Tech Cabal “It is very likely that there will be staff reductions and payroll may be at risk,” he said. The layoffs at the online retailer, which sells everything from fashion and beauty products to food and electronics, could affect more than 1,000 employees. Rivals on…
VTEX (NYSE: VTEX), a configurable, complete commerce platform for enterprise B2C and B2B brands, has been selected by leading Germany-headquartered DIY multinational retailer OBI to accelerate its commerce capabilities, solidifying its position as a leader in the home improvement industry. The German retailer chose VTEX over other enterprise digital commerce platforms for its proven ability to automate business logic, simplify infrastructure, and streamline the customer journey. Leveraging VTEX's composable commerce platform, OBI integrated its e-commerce, 349 physical stores, and third-party merchants onto a unified transaction platform. This integration expanded its product offerings and provided customers with a seamless shopping experience…
This technical note presents up-to-date statistics on e-commerce sales by companies, which have become much more available thanks to Eurostat's publication of statistics for many EU and partner countries.In 2021, e-commerce sales by businesses in 43 developed and developing countries reached nearly $25 trillion, accounting for roughly three-quarters of global GDP. This represents a 15% increase from pre-pandemic (2019) levels, with sales Estimation It is expected to grow another 10% in 2022, reaching approximately $27 trillion.The share of e-commerce sales by businesses in the economies analyzed varies widely, ranging from less than 1% to 30%. In most cases, the majority…
of Adani Group Considering expanding E-commerce Payments segment in India.Gautam Adani He is the second richest person in India, Mukesh Ambani Ahead of him.Adani The group: UPI E-commerce services are also available through the Adani One app. Led by Gautam Adani, the Adani Group has a diversified portfolio ranging from ports to energy, and the conglomerate is now reportedly considering entering the e-commerce and payments sectors as it diversifies the group.The Adani Group is in talks to enter the e-commerce and payments sectors as it wants to expand its digital business to rival Mukesh Ambani's India premiership, according to a…
Leicestershire e-commerce retailer, The Kid Collective, has acquired Scandibørn, a supplier of Scandinavian-inspired children's toys, home decor and accessories, from Findel Education Ltd for an undisclosed amount. The acquisition marks a significant milestone in The Kid Collective's strategic expansion into the childcare sector. “We are thrilled to welcome Scandiborn to The Kid Collective family,” said Laura Davies, founder and CEO of The Kid Collective Ltd. “This acquisition represents a pivotal moment in our growth journey within the industry, and we look forward to leveraging our expertise to continue to bring products that the Scandiborn community enjoys.” The acquisition of Scandibørn…