August 21, 2023
Gucci Doubles Down on China’s Consumers With JD.com Expansion
As Richemont acknowledges the declining influence of China on luxury shopping, Kering is seeking to delve deeper into the market, aiming to connect with consumers who remain eager to spend. ...
July 31, 2023
CE 100 Index Gains 1.3% as Ocado’s Surge Offset by...
Earnings season is now in full swing, dominating headlines, moving stocks in our ConnectedEconomy™ 100 Index up double-digit percentage points — and to the downside, too. The index was up...
July 19, 2023
Temu Accuses Rival Shein of ‘Intimidation’ in Federal Lawsuit
The rivalry between two Chinese online retailers spilled over into U.S. federal court. In an antitrust suit filed in Massachusetts last week, Temu accuses fast-fashion competitor Shein of trying to...
July 12, 2023
Report: Amazon Sellers Allege Copyright Violations in Lawsuit Against Temu
Multiple Amazon sellers reportedly said their listings, including product images and descriptions, were replicated by other sellers on Temu. The continuous presence of Temu’s infringing listings has prompted some Amazon sellers to start legal proceedings...
July 05, 2023
ChatGPT’s Success Hits a Speed Bump With Decreasing Traffic
It was only a few months ago in November that OpenAI released their ground-breaking ChatGPT chatbot, and since then the chatbot has enjoyed unprecedented success with more than 100 million...
July 03, 2023
H&M, Shein Explore New Retail Model With Third-Party Brands
The announcement that H&M and Shein are diversifying their offerings through third-party assistance (brand incorporation or sellers) isn’t unusual because now when a consumer shops on Shein they can find...
June 22, 2023
TikTok’s COO Vanessa Pappas Steps Down Amid Security Concerns
Vanessa Pappas, chief operating officer at Chinese-owned video-sharing platform TikTok, is stepping down from her position after nearly five years with the company. The announcement comes at a crucial time...
June 21, 2023
TikTok Expands Online Retail Offerings to Compete With Shein and...
In a bid to compete with rivals like Shein and Amazon, TikTok is broadening its online retail offerings. ByteDance, the Chinese parent company of the video-sharing app, has started selling...
June 12, 2023
CE 100 Stock Index Up 0.9% as Vroom and eCommerce’s...
The third quarter winds its way into the last few weeks of its final month. And in the latest weekly showing, the CE 100 Index gained 0.92%, buoyed by the...