News

NRF, retailers gear up to protect shipping via USPS

NRF has joined Amazon and other retail businesses to form the Package Coalition, which will lobby on US Postal Service issues and work to keep package shipping affordable and reliable. A Trump administration task force is expected to release a report this week outlining possible reforms for USPS.....


Post-Brexit, Ireland woos business from Kerala

KOCHI:With Brexit looming, Ireland's Investment Development Authority has been wooing the companies in Kerala to set up shop there to gain advantage from investments in Ireland's business ecosystem. Tanaz Bhuhariwalla, IDA India director said that over 40 Indian businesses engaged in sectors ranging from Information Technology, engineering, pharma, medical...


Study: VR, voice assistants aren't must-haves for shoppers

While in-home voice assistants like Amazon Echo and Google Home are gaining popularity, 65% of shoppers don't consider them important to the customer experience, according to Bazaarvoice's Shopper Experience Index. Consumers mostly prefer technologies that add convenience and remove friction from their shopping experience. As Bazaarvoice's survey indicates, VR...


Interview with Goodwill Industries International Director of online and mobile on managing an omni-channel retail experience with a purpose.

In this interview I sepak with Adam Stiska Director of Mobile and Digital Strategies at Goodwill Industries International on managing a multi-stakeholder commerce and online technology strategy. One of the hidden gems in retail is the "Thrift" sector where the dynamics of sourcing, inventory management and discovery are fundamentally...


Taking Prime position? A look at Amazon's potential impact on pharma

As the pharma market is rocked by the news of Amazon's acquisition of PillPack - the online pharmacy - we briefly take a look at the history of the e-commerce giant and what impact its move into pharma may have on the traditional space. As we have recently witnessed...


A peek at SoftBank's strategic secrets in Masayoshi Son's own words. All 303513 of them

How to make sense of it all? Son uses earnings briefings to explain his evolving vision. Further Reading: SoftBank's Son to focus on investing to speed up major company shift. Son has sharply increased his references to artificial intelligence in recent months, proclaiming that it will redefine every industry...


Tencent Cloud user claims $1.6 million compensation for data loss

The reputation of Tecent's cloud computing service Tencent Cloud has taken a serious knock on Monday. A Tencent Cloud user under the name of "前沿数据" claims an indemnity of RMB 11,016,000 for metadata damage to files hosted by Tencent Cloud due to bugs in the firmware. After informing the...


Alibaba Business School invites applications for eFounders Fellowship

Alibaba Group has announced that it is now taking applications for its eFounder Fellowship program from developing countries including Pakistan. The United Nations Conference on Trade and Development and Alibaba Business School are inviting applications for eFounder Fellowship program to create and empower 1000 platform builders from developing countries...


Amazon cloud executive Tim Wagner joins crypto platform Coinbase

Coinbase announced the hiring of Tim Wagner as vice president of engineering on Monday, snagging him from Amazon's cloud service. Wagner was a general manager of several Amazon Web Services business units before jumping to Coinbase, the platform's chief executive Brian Armstrong wrote in a blog post. Today we're...


Softbank $30m share issue fails on penny-stock fiasco

A proposed HK$30 million share placement by investment firm Softbank Investment International has fallen through because of a sharp fall in its share price following the penny-stock fiasco. Sources familiar with the Softbank situation said potential investors had decided to walk away from the fund-raising exercise after the stock...


Flipkart stake sale pushes up SoftBank June quarter profit by 49%

Japanese telecom and technology giant SoftBank Group Corp. posted a 49.2% jump in its first-quarter operating profit fuelled by its stake sale in India's largest e-commerce company, Flipkart. SoftBank's profit for the quarter of April to June stood at 715 billion yen compared with 479 billion yen a year...


Surprise, no one buys things via Alexa

Of about 50 million Alexa users, only about 100,000 reportedly bought something via voice interface more than once. All of these things are obviously things that phones do as well, but there's something to be said for having a stationary hub for the more domestic tasks. Part of the...


Amazon brings Whole Foods voice shopping to Alexa

Amazon today announced that Echo smart speakers can now use their voice to add Prime Now order items to a Whole Foods cart. Amazon began to provide Prime Now deliveries for Whole Foods groceries in Atlanta and San Francisco earlier this year. With the launch of Alexa orders today,...


Does Amazon have new Alexa hardware on the way?

Last September, Amazon unveiled its second-gen Echo smart speaker along with a gaggle of other new Alexa gadgets, including the Echo Spot touchscreen alarm clock and Echo Plus smart home hub. At $50, the second-gen Echo Dot is Amazon's best-selling Alexa gadget, and that makes it the most important...


Founder of Alibaba, Jack Ma prepares to visit South Africa for the first time

The founder of Alibaba, the Chinese e-commerce giant, Jack Ma, is scheduled to visit South Africa for the first time. The conference aims to discuss the challenges and opportunities facing a new digital Africa and the role that the public sector, investors, entrepreneurs and educational organisations must play in...


Alibaba Expands Financial Empire With Huatai Securities Purchase

E-commerce giant Alibaba has paid more than $500 million for a stake in a leading state-owned Chinese securities firm, getting a hold in a lucrative industry after its previous efforts were stymied by regulators. Alibaba Group Holding Ltd. paid 3.5 billion yuan for shares in Huatai Securities Co. Ltd....


eBay India shut down commences today

From today, Flipkart are beginning the eBay India shut down with the removal of low value and high value listings as previously announced. Sellers on eBay India have been requested to remove listings where the price is less than INR 250/- or greater than INR 8,000/- but if any...


Walmart, Tech Mahindra to Hire Thousands of People in India

In what can be termed as welcoming news for freshers, Tech Mahindra has decided to hire nearly 4000 graduates in the next three quarters. The company, which has already hired 1800 fresh graduates, desires to hire around 4000 more over the next three quarters as the IT services major...


In This Trade War, Starbucks Just Put Its Money on China

Donald Trump's assertion that he has China on the run is challenged one espresso shot at a time. The president brags that a weakening in China's currency, the yuan, and a slide in the country's stock market are proof that he is winning the tariff war he's waging against...


eBay Wants to Be the Place You Sell Your Sneakers—Again

For over a decade, eBay was the only player in the sneaker resale game, but plenty of competitors have emerged. Sneakers were always a reliable source of business for eBay, but the category became so lucrative that competitors emerged. Especially because eBay gets 10 percent of every sneaker bouncing...