e-commerce

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Verizon to bid for Yahoo, Yahoo Japan stake

Verizon Communications Inc will bid for Yahoo's web business, while Alphabet Inc's Google unit is also exploring options on bidding for it. Additionally, Verizon may also make an offer for stake in Yahoo's Japan subsidiary.

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Retailers Offer Deep Discounts On Annual Black Friday Shopping Day

Clothing and Accessories Emerged as The Biggest Category in E-Commerce, Outpacing Computer Hardware Sector

Clothing and accessories sector is outpacing other sectors in e-commerce sales. Some factors, including better shipping and return policies and changes in mobile uses, are encouraging more people to make more small purchases online.

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CeBIT 2015 Technology Trade Fair

State Media Indicated That Chinese Government is Turning Against Alibaba

State-run media broadcasts indicated that the Chinese government is turning against the country’s most successful e-commerce company Alibaba. However, the company didn’t seem to take much damage from the reports in terms of sales and shares.

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SINGAPORE-US-ASIA-IT-INTERNET-TRANSPORT-LYFT

Ride-Hailing Service Grab Teams Up With Indonesian Conglomerate Lippo Group

Ride-hailing app Grab is partnering with Indonesian conglomerate Lippo Group. Under the deal, Grab will provide its service to deliver products from the conglomerate’s e-commerce. The deal emerged when ride-hailing services in Indonesia are facing challenges in terms of regulations.

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US-ECONOMY-COSTCO

Costco May Have to Boost E-Commerce over Weak Growth in Q2

Long reluctance to e-commerce have delayed Costco operation to fully utilize the power of Internet retail. However, it seems the company has to start further the initiative as slow growth in Q2.

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Indian IT Industry Moves Into The Consumer Market

China's Baidu to invest in Indian e-comerrce startups

The top online search engine already had the initial discussions with the three Indian startups. Baidu seeks to expand to India due to growing online population and internet user.

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Jack Ma

BNP Report: Alibaba Can Expand Operations with $38B in 2016

If you haven't heard of it, Alibaba is a Chinese e-commerce company that started as a e-marketplace and now has grown to offer other services like electronic payment and cloud computing. They've become one of the biggest companies in China and now, they have even more money to expand with possibly $38 billion available for deals next year.

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Computer users

Now the desktop is no longer a trend in India

Now the mobile e-commerce is a booming e-commerce business in India. India could have 657 million Internet users by 2019, up from 277 million to date. The growth of mobile e-commerce increased at a fast pace.

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Apple Pay

Apple Store launched "Shopping category" for convenient e-commerce

Apple is continuously adding incredible features and apps for easy consumer use. It considered the needs of online shoppers to carry out an effortless and convenient process of buying.

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Counterfeit items

Four of 10 products sold online in China are fakes, shoddy

More than 40% of goods sold on the Internet in China are fakes or shoddy, according to a report by an official of the standing committee of the National People's Congress, the country's top law-making body.

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Stewart Taub

P&G sales dive to its lowest in 7 quarters, but profit beats expectations

The strengthening of the US dollar has been hitting Procter & Gamble hard as the company reported its biggest sales drop in seven quarters. The company also cited weak demand especially in the overseas market as the reason behind the low sales performance.

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Wal-Mart

Wal-Mart shares tumble as profit forecast to drop

Wal-Mart's stock tumbled on the Wall Street following the forecast of earnings drop in the range of 6-12 percent hammered down the market sentiment. Wal-Mart shares fell 10.04 percent or $6.70 to $60.03 indicating biggest fall in a day during the past three decades. The stock was already trading 22 percent lower before the latest drop. Gearing up to compete with Amazon, Wal-Mart Stores Inc hiked investment in internet technology and raised wages. The earnings are expected to be flat for the current fiscal year and one or two percent lower than the previous forecast. The third quarter results from Wal-Mart are scheduled on 17 November.

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Facebook

Facebook is testing new features for mobile shopping

Facebook may soon be your go-to app for shopping. The company disclosed Monday that it was testing new features that would enable users to buy products, without having to leave the app.

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Tourists

German broadcaster buys Swedish travel firm for $267mn

ProSiebenSat.1, a Munich-based German broadcaster, has acquired Swedish online travel agency Etraveli Holding AB for Euro235million ($267mn) from private equity (PE) firm Segulah IV LP. The acquisition deal for ProSiebenSat.1 is its biggest investment in the global e-Commerce. The German broadcaster will expand its digital operations globally following the acquisition. ProSiebenSat.1 is planning to expand beyond TV business.

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Factory worker

China sees 10,000 start-ups a day amid government support

There's good news in a form of startups for China, which is reeling under the pressure of the slowdown in the economy. Giving much breath to China, over 10,000 startup firms are to take off every day. The majority are small enterprises.

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