Even as Pinduoduo, founded in 2015, overtakes Alibaba to become China’s largest eCommerce company, a shakeup at the top continues. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Alibaba Group — the biggest eCommerce platform in China — will host its bargains app, Taobao Deals, on Tencent’s WeChat platform, Bloomberg reported, citing sources. The move was prompted by China’s antitrust regulators, who are in the midst of an aggressive campaign to reel in...
One of the best ways for new technology to gain mainstream acceptance is to get a stamp of approval from a trusted brand, from a marquee name within a vertical. Such an embrace fosters trust. And that may be the for non-fungible tokens (NFTs) which got a...
A trillion dollars is a lot of money, by any stretch of the imagination. Now it’s a bit of a benchmark, perhaps a psychological one. After all, on Wall Street not all that long ago, investors waited with bated breath to watch Apple and other...
There are a lot of things U.S. consumers associate with the car buying experience. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...
As consumers adopt digital ordering and delivery services to fulfill more and more of their routine needs, a wide range of businesses are trying their hand at grocery delivery. Amid the razor-thin margins of grocery delivery, the largest companies tend to be at a huge...
With the pandemic having dramatically shifted the way U.S. citizens shop, eCommerce is expected to have its first $1 trillion year in revenue by 2022, according to the latest Adobe Digital Economy Index report. Get the Full Story Complete the form to unlock this article...
India is poised to enact new regulations that would require eCommerce firms such as Amazon and Flipkart to treat all sellers equally and operate transparently when it comes to those relationships, Reuters reported, citing draft regulations. A spokesman for the country’s Ministry of Commerce reportedly...
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