Commerce

Commerce relates to "the exchange of goods and services, especially on a large scale". It includes legal, economic, political, social, cultural and technological systems that operate in a country or in international trade.

(source: en.wikipedia.org)

eCommerce
China to Help Its eCommerce Firms Go Global
June 11, 2024

China unveiled rules designed to fuel international warehouse construction and expand cross-border eCommerce. The draft rules from China’s commerce ministry cover both incoming and outgoing cross-border eCommerce in an attempt to bolster cross-border data management and the supervision of exports, Reuters reported Tuesday (June 11)....

eCommerce
eCosmetics Co-Founder Bridges the Trust Gap for Online Beauty Shoppers
June 10, 2024

As beauty brands look for ways to gain digital shoppers without being able to offer in-store product trials, eCosmetics is seeing sampling prove vital to winning over new customers. Alex Irvin, co-founder at the online retailer, which sells beauty and personal care products, explained in...

Social Commerce
Pinterest Taps VTEX to Help Brands Embrace Social Commerce
June 09, 2024

Pinterest has launched a partnership with composable commerce platform VTEX. The new collaboration is designed to help consumer brands expand their social commerce footprint and connect with more customers, the two companies said last week. According to a news release, VTEX’s platform lets its 2,600...

eCommerce
Alibaba.com Launches Cross-Border Trade Service With Fixed Prices, Guaranteed Delivery
June 06, 2024

Alibaba.com has launched a new service in which it does more of the legwork involved in cross-border trade. For products sourced through Alibaba Guaranteed, which was officially launched Thursday (June 6), the global B2B eCommerce platform fulfills the orders itself and handles finance, the company...

eCommerce
Only 22% of US Consumers Prefer Payment Options on Brand Websites
June 04, 2024

Cart abandonment — when online shoppers select items with the apparent intention to buy, only to leave those items sitting in digital limbo — happens on every eCommerce website, but PYMNTS Intelligence data reveals that it is especially common on brands’ sites. As we detailed...

Social Commerce
Will Gen Z Put a New Face on Social Commerce?
June 04, 2024

Meta’s recent news that it is seeing a surge in younger users may help set the stage for a rising tide in social commerce. The platform model — not just for Facebook, but for X and for others — connects users and advertisers and merchants....

eCommerce
Shopify Acquires Checkout Blocks to Help Merchants Customize Checkout
June 03, 2024

Shopify has acquired Checkout Blocks, a company offering a no-code solution that lets Shopify merchants customize their checkout. Checkout Blocks founder Gil Greenberg announced the move in a Monday (June 6) post on X, saying that more than 850 Shopify Plus merchants have used the...

eCommerce
Shein Begins Extending Resale Platform to Europe, Starting With France
June 03, 2024

Shein has begun extending its resale platform to France, the United Kingdom and Germany. The platform will be expanded in phases. It is now available in France and will be extended next to the United Kingdom and then to Germany, the fashion and lifestyle retailer...

Social Commerce
TikTok Shop Puts European Plans on Hold, Concentrates on US
May 31, 2024

TikTok has reportedly decided to put its plans for expanding its eCommerce business in major European markets on hold. Instead, the ByteDance-owned social media platform will concentrate on growing its presence in the United States, its most lucrative market, where it faces potential divestment or...