Two decades ago, the world stood on the brink of a digital commerce inflection point — even though many didn’t quite know it yet. In 1995, the tech boom got underway — buoyed by enthusiasm over the transformative power of a newly emerging technology called...
China’s Alibaba broke sales records during the 24-hour shopping event known as Singles Day, CNBC reported on Monday (Nov. 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Research firm Sanford C. Bernstein says affluent Chinese consumers are not indulging on luxury and non-essential goods, Bloomberg reported on Saturday (Nov. 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
China’s Alibaba rang up over $12 billion in sales in less than 90 minutes during its Singles Day shopping bonanza, Reuters reported on Sunday (Nov. 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
An online merchant has written a letter to Congress saying that the company was forced to use Amazon’s logistics services, as it otherwise would have faced stiff penalties and possible suspension from the site. These moves made it necessary for the merchant to raise prices...
Amazon shoppers in Jamaica can now pay for their items in local currency at Western Union locations across the country, according to a release on Tuesday (Nov. 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
According to the Eastern Europe B2C E-Commerce and Online Payment Market 2019 report, online retail sales in Eastern European countries continue a trend of double-digit growth rates this year, a release said. Get the Full Story Complete the form to unlock this article and enjoy...
The upcoming holiday shopping season is expected to break records in online spending, a study by Adobe Analytics concluded on Tuesday (Oct. 29). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Amazon is allocating $631 million (₹4,472.50 crore) to fund its Indian bureaus – Amazon Seller Services, Amazon Pay and Amazon Retail – after cutting earlier losses, Deal Street Asia reported on Tuesday (Oct. 29). Get the Full Story Complete the form to unlock this article...
