May 10, 2023
The Honest Company Waves Bye to China and the EU
While many brands and retailers continue to make big bets on China, Jessica Alba’s consumer packaged goods (CPG) company The Honest Company is exiting the market altogether along with Europe...
May 08, 2023
Shein Hauls Its Way to Top of Provider Ranking of...
Been shopping lately? It’s pricey out there. The wise shopper is prepared, and the PYMNTS Provider Ranking of Shopping Apps indicates how those wise shoppers save. Putting our money where...
May 04, 2023
Report: Alibaba Considers Taking eCommerce Business Public
Alibaba is reportedly mulling a U.S. initial public offering (IPO) for its eCommerce unit. The Chinese tech giant is in the early stages of weighing the listing, Bloomberg reported Thursday...
May 04, 2023
Estée Lauder Lowers Outlook but Continues to Bet Big on...
Despite lowering its sales outlook for the third straight quarter due to a slower-than-expected recovery in Asia, cosmetics company Estée Lauder remains optimistic about the Chinese market. The company, which...
April 30, 2023
China Seeks Spike in Travel and Shopping Following Pandemic
China is reportedly seeing a sharp increase in post-COVID travel and consumer activity. A Sunday (April 30) report by Bloomberg News, citing data from local media and the government, said...
April 25, 2023
EU Identifies 19 Companies Subject to Digital Services Act
The world’s tech giants are among 19 firms the EU says are subject to new content regulations. Europe’s Digital Services Act (DSA) requires these companies to share data with authorities,...
April 18, 2023
Chinese Retail Sales Help Drive Post-COVID Recovery
Increased consumer spending has helped China’s economy rebound following its lengthy COVID lockdown. Figures from the country’s National Bureau of Statistics released Tuesday (April 18) showed China’s economy growing 4.5%...
April 18, 2023
Mytheresa Hopes to Carve Space in China’s Luxury Market
Germany’s Mytheresa is reportedly hoping to court shoppers in China’s busy luxury space. CEO Michael Kliger said the upscale eCommerce company will begin employing personal shoppers and staging in-person events...
April 10, 2023
Alibaba May Launch AI Chatbot April 11
Alibaba may formally launch an artificial intelligence (AI) chatbot Tuesday (April 11). The tech giant is holding an Alibaba Cloud Summit event on that day and may take the opportunity...
