Category: E-Commerce
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Air Cargo Demand Surges as E-commerce Boom Redefines Seasonal Norms
Experts predict sustained peak season until Chinese New Year, driven by e-commerce demand The air cargo industry is experiencing a surge in demand, driven primarily by the booming e-commerce market and shifting seasonal norms. Industry experts believe that this peak season could extend until Chinese New Year in February, signaling a departure from the traditional…
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Addressing Misconduct in China’s Live-Streaming E-Commerce Industry: A Call for Tighter Regulation
The People’s Daily Calls for Oversight and Punishment to Ensure the Healthy Growth of Live-Streaming E-Commerce The live-streaming e-commerce industry in China has experienced explosive growth in recent years, becoming a vital channel for e-commerce platforms to attract consumers. However, a recent opinion piece in the People’s Daily, the chief mouthpiece of the Chinese Communist…
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Alibaba’s Reign Threatened as Pinduoduo Surges in Market Value
Pinduoduo’s Strong Earnings Propel It Ahead of Alibaba in Market Capitalization In a surprising turn of events, Alibaba, the e-commerce giant of China, momentarily lost its throne as the most valuable Chinese company listed in the U.S. Pinduoduo, the parent company of PDD Holdings, reported impressive earnings that sent its New York-listed shares soaring by…
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Jack Ma Calls for Change as Pinduoduo’s Stellar Performance Challenges Alibaba
Alibaba founder Jack Ma responds to the impressive performance of Pinduoduo, as the rival e-commerce company’s stock soars and market cap approaches Alibaba’s. Alibaba, the e-commerce giant founded by Jack Ma, is facing a formidable challenge from its competitor, Pinduoduo. Pinduoduo, the group behind Chinese online shopping giant PDD and US-based retail upstart Temu, reported…
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Black Friday and Cyber Weekend Online Sales Reach Record Highs
Shoppers Embrace Online Shopping, Driving Surge in E-commerce Sales Shoppers flocked to their computers and mobile devices this Thanksgiving and Black Friday weekend, opting for the convenience and safety of online shopping over traditional brick-and-mortar stores. The result was a record-breaking online spending spree, with Black Friday sales reaching $9.8 billion and Cyber Weekend sales…
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Walmart’s E-Commerce Business: A Key Driver of Growth
Walmart’s third-quarter earnings report highlights the importance of its e-commerce business, which has been instrumental in driving the company’s overall performance. Walmart Inc. is set to release its third-quarter fiscal 2024 earnings on November 16, and all eyes are on the company’s e-commerce business. With e-commerce sales accounting for 15% of Walmart’s overall net sales…
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The Rise of Online Shopping: How Consumers are Embracing E-commerce for Discounts
As consumer spending weakens, online shopping emerges as a popular method for discount shopping, with e-commerce projected to continue its growth through the end of 2023. As we approach the final months of 2023, consumer strength in the retail sector has been waning due to high grocery prices and increased housing costs. However, consumers are…