(source: en.wikipedia.org)
eCommerce retailers Shein and Temu, which have exploded in popularity across the U.S. thanks to their cheap items, have sent letters to customers warning of incoming price increases. Both retailers sent nearly identical letters to customers saying prices would go up on April 25 and...
U.S. tariffs have reportedly left Chinese companies on Amazon with a tough choice: Hike their prices, or leave the platform altogether. That’s according to a report late Wednesday (April 9) by Reuters, citing interviews with those merchants and the head of China’s largest eCommerce association. The shift follows President...
China has reportedly opposed Shein’s plans to move some production outside the country. It’s part of an effort by the Chinese government to avoid manufacturers from leaving the country following new U.S. tariffs, Bloomberg News reported Tuesday (April 8). A source familiar with the matter...
MercadoLibre reportedly plans to increase its investment in Brazil by 48%, from 23 billion reais (about $3.7 billion) in 2024 to 34 billion reais (about $5.8 billion) in 2025. The eCommerce and FinTech firm will focus its investment on logistics, technology, marketing and increasing its...
Apple has reportedly decided to keep TikTok in its App Store for at least 75 more days. This decision came after the tech giant got a letter from Attorney General Pam Bondi telling the company it should adhere to President Donald Trump’s executive order that...
Amazon has reportedly placed an eleventh-hour bid to acquire video app/social commerce platform TikTok. The offer, as reported Wednesday (April 2) by The New York Times (NYT), comes just days ahead of a deadline that requires TikTok’s owner ByteDance to divest the platform or face...
Clearco, a provider of growth capital for eCommerce, has teamed with Cavela, an eCommerce product sourcing/vendor management platform. The collaboration, announced in a news release Wednesday (April 2), is designed to simplify operations for online businesses by linking Clearco’s funding options with Cavela’s network of more than 200,000...
The private equity outfit Blackstone reportedly could soon be an investor in TikTok’s American operations. The company is considering a small minority investment in the social media platform, Reuters reported Friday (March 28), citing two sources familiar with the matter. According to the report, Blackstone...
In a bold bet on the future of GenAI-driven commerce, Perplexity.ai has announced a partnership with firmly.ai that could change how consumers discover and purchase products and services, including travel and sports. The agreement gives merchants a front-row seat on Perplexity’s rapidly growing GenAI-driven platform,...