China’s ‘Magnificent Seven’ gets new ETF
Roundhill Investments wants to mimic the success of its Magnificent Seven ETF (MAGS) in China. The firm’s CEO Dave Mazza plans to launch the Lucky Eight ETF, which aims to …
E-commerce
Etsy is trying to recreate pandemic-era sales. Here’s how
E-commerce artisan marketplace Etsy is at a crossroads as it tries to balance declining gross merchandise sales, a tumbling stock price and high inflation with the needs of its 7 …
Wayfair to open first large store outside of Chicago
Wayfair store in Wilmette, Illinois. Courtesy: Wayfair What retail apocalypse? Online home goods retailer Wayfair is opening its first namesake store, near Chicago, following a string of other digitally native …
Amazon says 60% of Prime orders are arriving same day or next day
Products are seen at an Amazon fulfillment center where they are being sorted and shipped out as same-day orders during Cyber Monday at the Same-Day Delivery Facility Fulfillment Center in …
Alibaba founder Jack Ma re-emerges with praise of ‘transformations’
Jack Ma, founder of Alibaba, reappeared in the public view in China for the first time in months. Alibaba then announced a huge reorganization of its business. Experts see the …
TikTok Shop’s Era of Super Subsidies Is Ending
The days of buying ultracheap stuff on TikTok Shop may be winding down. Starting today, the fees TikTok charges sellers increase from 2 percent to 6 percent of the price …
Why direct-to-consumer darlings Casper, Allbirds, Peloton now struggle
The direct-to-consumer boom is coming to an end. A once-bustling group of companies, backed by billions in venture capital funding, saw a record year for IPOs in 2021. Now, three …
Alibaba (BABA) Q3 2023 earnings report for December quarter
Alibaba is operating in Suqian City, Jiangsu Province, China, on December 29, 2023. Costfoto | Nurphoto | Getty Images Alibaba missed market expectations for revenue in the December quarter, but …
New consumer brands grab market share in China, South Korea: Bain & Co
Customers shop at a supermarket in Qingzhou city, East China’s Shandong province on Jan 12, 2024. Future Publishing | Future Publishing | Getty Images The rise of online shopping, social …
Gen Zers lead the way in Singapore’s online shopping space
Logos of online social media and social networking sites displayed on a smartphone screen on August 01, 2023 in Bath, England. Matt Cardy | Getty Images News | Getty Images …