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Tag: Commerce

Intel secures US$2.2 billion in federal grants for chip production

Intel secures US$2.2 billion in CHIPS Act grants to boost U.S. semiconductor manufacturing, with an additional US$5.66 billion pending disbursement.

Alibaba sells Sun Art hypermarket chain for US$1.7 billion to refocus on e-commerce

Alibaba sells Sun Art for US$1.7 billion, marking a strategic shift to focus on e-commerce and cloud computing while exiting brick-and-mortar retail.

FPT and Sitecore launch ON.E, an AI-powered e-commerce accelerator

FPT and Sitecore launch ON.E, an AI-powered e-commerce accelerator aimed at transforming digital commerce for retailers globally.

Layoffs reshape Asia’s business landscape: From tech giants to e-commerce leaders

Mass layoffs in Asia's tech, e-commerce, fashion, and sports sectors raise questions about how businesses can balance profitability, operational efficiency, and employee welfare.

Alibaba unveils a new AI model to boost translation for global e-commerce and communication

Alibaba unveils Macro MT, an AI model designed to improve translations for global e-commerce and bridge language barriers in trade and communication.

17LIVE to launch innovative live commerce service to facilitate cross-border sales in Asia

Launching on 19 August 2024, "HandsUP Crossborder" by 17LIVE will connect businesses with top KOLs in Asia to streamline cross-border e-commerce.

Xiaohongshu emerges as a key player in China’s e-commerce market

Discover how Xiaohongshu is making its mark in China’s e-commerce market, attracting vendors and influencers, and driving significant growth.

Southeast Asian retailers ramp up investment in social commerce amid economic headwinds

Southeast Asian retailers are increasing their investments in social commerce, leveraging customer engagement and cutting-edge technology to tackle economic challenges.

TikTok aims for a 10-fold increase in in-stream commerce by 2024

TikTok sets its sights on a tenfold increase in in-stream commerce by 2024, aiming to transform the shopping habits of Western consumers amidst challenges and strategic shifts.

Amazon bolsters its China e-commerce approach as rivals Shein and Temu gain ground

Amazon steps up its e-commerce strategy in China with new initiatives to support Chinese merchants, facing stiff competition from Shein and Temu.

TikTok boosts Indonesian e-commerce with US$1.5 billion investment

TikTok re-enters Indonesian e-commerce with a US$1.5 billion investment in GoTo's Tokopedia, aiming to capitalise on its substantial user base in a rapidly expanding market.

The current state of social commerce: Thriving or struggling?

Discover the rise of social commerce, its impact on consumers and businesses, and how to navigate this evolving landscape.