Alibaba’s instant commerce platform has reportedly crossed the 40-million-daily-orders mark within a month of launch. As Reuters noted in a report Monday (May 26) on this milestone, the platform brings merchants from the eCommerce giant’s food delivery arm Ele.me onto its main domestic shopping app,...
China’s eCommerce regulator has issued draft guidelines for fees that companies can charge third-party merchants. The State Administration for Market Regulation on Sunday (May 25) said that online platforms should charge reasonable fees while taking into consideration factors like operating costs for the merchants with...
Payments tech firm Worldpay says it now offers domestic acquiring capabilities in Colombia. It’s part of an ongoing expansion into Latin America, with Worldpay supporting some of the largest merchants in Argentina, Brazil and Mexico, the Cincinnati-based company said in a Wednesday (May 21) news...
Last month, Chinese tech conglomerate Alibaba debuted a fast delivery service it dubbed “instant commerce.” On the company’s earnings call Thursday (May 15), analysts wanted to know: Why now, especially given recent intensification in the food delivery space? Fan Jiang, CEO of the company’s eCommerce...
Amazon will start selling prescriptions for pets. According to a Thursday (May 8) blog post from Amazon, the company said it is partnering with pet pharmacy Vetsource to provide prescription pet medications, adding hundreds of prescription medications to its platform. Shoppers can order them through...
Online resale marketplace ThredUP delivered better-than-expected first-quarter earnings Monday (May 5), reinforcing shoppers’ growing taste for secondhand clothing. And in a theme not sounded very often during this earnings season, CEO James Reinhart says the Trump administration’s proposed tariffs on Chinese imports could sharpen that...
Pinterest is introducing new features to let users find ideas that match their personal tastes. The new visual search tools, announced Monday (May 5), will first be available for women’s fashion content in the U.S., Canada and the U.K., eventually moving to more categories. “Our...
Temu has reportedly stopped shipping products from China directly to U.S. consumers due to the elimination of the de minimis exemption that had shielded small packages from U.S. tariffs. “This shift is part of Temu’s ongoing adjustments to improve service levels,” a Temu spokesperson told...
The new Saks on Amazon storefront offers the curated shopping experience and luxury fashion and beauty items associated with Saks Fifth Avenue together with the convenience and fast shipping offered by Amazon, Amazon said in a Thursday (May 1) blog post. This new offering is...