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Russian E-commerce Platforms Seek Government Aid Amidst Economic Pressure
Politicsukrainska-pravdarzeczpospolitairish-independent+1ukrinform14d ago4 sources

Russian E-commerce Platforms Seek Government Aid Amidst Economic Pressure

Major Russian e-commerce platforms, including Wildberries, are appealing to the Kremlin for hundreds of billions of roubles in aid, facing significant economic pressure. This comes as Russia continues to launch drone and missile attacks on Ukrainian civilian and critical infrastructure, causing casualties and damage.

Banks and E-commerce Platforms Compete and Partner in Daily Transactions
Businessrzeczpospolita2mo ago

Banks and E-commerce Platforms Compete and Partner in Daily Transactions

Banks are increasingly forming partnerships with technology companies, e-commerce platforms, retail chains, and fintechs to expand their customer reach, while e-commerce platforms are entering the financial sector and banks are exploring retail. This trend highlights a growing convergence and competition in the realm of daily transactions.

EU Agrees on Customs Reform Impacting E-Commerce
Businesstelex5mo ago

EU Agrees on Customs Reform Impacting E-Commerce

The European Union has reached an agreement on customs reform that will introduce handling fees for packages sent directly from outside the EU to consumers and may classify e-commerce platforms as importers, potentially significantly impacting Chinese e-markets.

EU Special Tariff on Chinese E-commerce Shows Impact
Politicsdie-presse10d ago

EU Special Tariff on Chinese E-commerce Shows Impact

A new EU special tariff of three euros on small shipments from Chinese e-commerce platforms like Temu has shown an effect, with 26 percent fewer small shipments arriving in July, though platforms are already adapting their business models.

Over Half of Slovaks Shop on Temu and Shein
Businessdennik-n23d ago

Over Half of Slovaks Shop on Temu and Shein

A newsletter reports that more than half of Slovaks, particularly millennials aged 30 to 45, frequently shop on international e-commerce platforms like Temu and Shein, with many ordering at least once a month.

Technologyhelsingin-sanomat1mo ago

Temu Sunscreens Fail SPF Tests in Denmark

A Danish organization tested 10 sunscreens sold on Chinese e-commerce platforms like Temu, finding that only one met its advertised SPF claims. One product labeled SPF 50 was found to be only SPF 2.

Wildberries Fires Drive Up Prices on Russian E-commerce Platforms
Worldrzeczpospolita27d ago

Wildberries Fires Drive Up Prices on Russian E-commerce Platforms

Prices on Russian e-commerce platforms surged after Ukraine reportedly destroyed Wildberries' main logistics centers. The price increases are attributed to the platform itself, which is recovering losses at the expense of hundreds of thousands of small sellers.

Businesscaixin-global3mo ago

PDD Holdings Shares Tumble Following Profit Miss

Shares of PDD Holdings, the parent company of e-commerce platforms Pinduoduo and Temu, experienced a significant drop after the company reported profits that missed analyst expectations. The decline reflects investor reaction to the financial results.

Thailand Targets High E-commerce Platform Fees
BusinessBangkok Post3mo ago

Thailand Targets High E-commerce Platform Fees

The Thai government is renewing its efforts to reduce the gross profit (GP) charges imposed by e-commerce platforms operating within the country. This initiative aims to address concerns over high fees affecting businesses and consumers.