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Webcastle Technologies, a Dubai-based e-commerce leader that recently entered the Saudi market, was recognized for its outstanding performance at the 6th Middle East Retail and E-commerce Summit and Awards KSA, winning the Best E-commerce Agency award. – Awarded KSA 2024. Held on May 1, 2024 at the Marriott Hotel in Riyadh. WebCastle Technologies' co-founder and CEO Jabir ML and director and CGO Suhail Iqbal received the company's award. WebCastle Technologies achieved this recognition within months of entering Saudi Arabia with business licenses, offices, and an efficient team that has digitally transformed many Saudi companies and accelerated their growth through online…

Customers of NEXT BASKET, known as Partners, can use the Platform in two ways: – By managing your online store independently. – Entrusting the management team and all related business activities to NEXT BASKET experts, so-called “business without employees”. next basket provides the world's fastest and easiest way to launch e-commerce for both established brands and startups on a budget. Your online store will be ready within 72 hours Employing cutting-edge software solutions and pre-designed themes, NEXT BASKET's experts can build and launch a fully operational e-commerce platform in as little as 72 business hours. All you need is a…

A new report from Accenture finds that 95% of leaders in South Africa (compared to 83% globally) feel that e-commerce is growing faster than they can adapt and it is costly to be where their customers are. It became clear that he thought there was. This common feeling of falling behind confirms how difficult it is to keep up with the pace of change.Additionally, the cost of doing business is increasing as companies grapple with ad hoc systems, legacy technology, skills gaps, and poor infrastructure. Meanwhile, competition among global e-commerce companies with extensive know-how is rapidly intensifying. The influx of…

2024 may be the year that luxury e-commerce platforms “collapse.” Multi-level e-commerce sites such as Matchesfashion and Farfetch are in dire financial straits as debt continues. The market's shift away from e-retailers, along with a return to brick-and-mortar stores, signals a shift in consumer tastes as luxury brands invest in experiential shopping to win back consumer footfall. About a decade ago, sites like Net-A-Porter, MrPorter, MyTheresa, Matchesfashion, The RealReal, Farfetch, Vestiaire Collective, and Gilt.com dominated the luxury fashion industry, selling a wide variety of luxury brands (second-hand and discounted (in some cases) was introduced. Under one virtual roof. The success…

New Delhi: The government will make counterfeit screening standards mandatory for e-commerce companies to protect the interests of consumers. The Department of Consumer Affairs will notify the Quality Control Order (QCO) about online consumer reviews after voluntary efforts failed to effectively curb fake reviews.A year ago, the ministry had issued quality standards for e-tailers that prohibited them from publishing paid reviews and required them to disclose such promotional content. “Some organizations claim to be compliant, but fake reviews are still being posted. We are consulting with stakeholders this week. We want to make standards compulsory,” Consumer Affairs Secretary Nidhi Khare…

However, Consumer Affairs Secretary Nidhi Khare said fake reviews of products and services on e-commerce platforms are still lurking.Illustration: Vinay Sinhapress trust of india New Delhi The government is considering requiring e-commerce companies to comply with consumer review quality standards after a voluntary drive failed to effectively curb fake reviews, a senior government official said on Monday. . A year ago, the government issued new quality standards for e-tailers, banning the publication of paid reviews and requiring disclosure of such promotional content. Click here to follow our WhatsApp channel However, Consumer Affairs Secretary Nidhi Khare said fake reviews of products…

New Delhi: The government is considering requiring e-commerce companies to comply with consumer review quality standards after voluntary promotions have failed to effectively curb fake reviews, a senior government official said on Monday, May 13. revealed. A year ago, the government issued new quality standards for e-tailers, banning the publication of paid reviews and requiring disclosure of such promotional content. However, Consumer Affairs Secretary Nidhi Khare said fake reviews of products and services on e-commerce platforms still exist. “More than a year has passed since the voluntary standards for “online reviews'' were announced. Some organizations claim to have complied with…

BEYOBO, a cross-border e-commerce platform for consumer goods, has raised Rs 6.7 billion in a pre-series A2 round with 300 per cent oversubscription, the company announced on Monday. The round was led by Indian Angel Network with participation from International Startup Foundation, SAN Angels, a prominent angel and his HNI (High Net Worth Individual). BEYOBO said it will deploy capital to bring more international brands to the Indian market upgrade your technology platform. BEYOBO acts as a gateway for Indian SMEs who want to import goods from other global markets. The company also enables foreign brands and sellers to expand…

Quarterly earnings reports from Chinese e-commerce giants Alibaba and JD.com due this week will be closely watched as a barometer of consumer sentiment in the world's second-largest economy.Together, the two companies account for about 69 percent of revenue in China's e-commerce market, according to DBS estimates, and have faced increasing competition in recent years from low-cost platforms such as PDD Holdings Ltd.'s Pinduoduo and ByteDance-owned Douyin.Chinese consumers are turning to discounts and low prices as they become more cautious about spending in the wake of the coronavirus pandemic amid slowing economic growth and a decelerating real estate sector. Alibaba and…

As artificial intelligence (AI) becomes more prevalent online and on social media, platforms are taking steps to help users identify computer-generated content. Facebook users are reportedly experiencing significant issues with AI-generated content, with increasingly disturbing images appearing in their feed. While those posts are easy to spot on close inspection, they received a surprising number of likes and engagement, which doesn't bode well for fake content that could influence public opinion and behavior. Meta, owned by Facebook, requires users to add a “Made with AI” label when they upload their own content. As part of Meta's expanded AI disclosure agreement,…