Temu Sues Shein for Anticompetitive Practices with Manufacturers
The competition between discount shopping apps Temu and Shein is increasingly playing out in the courts. In its…
News July 18
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Prime Day 2023 Marks Biggest Day of Sales in Amazon History
July 11, 2023, the first day of Amazon’s annual Prime Day sale, was not just the largest single…
News July 13
Alibaba Shares Soar on Expectation that New $982M Fine Signals End of China’s Tech Crackdown
Fintech firm Ant Group, an affiliate of Chinese ecommerce behemoth Alibaba, has been fined 7.1 billion yuan (approximately…
News July 10
Wellful to Resurrect Jenny Craig as DTC Brand
Wellful has purchased the well-known weight loss brand Jenny Craig and plans to resume its operations this fall,…
News July 7
AWS to Invest an Additional $7.8B to Expand Ohio Facilities
Amazon will invest an estimated $7.8 billion by 2030 to expand its data center operations in Ohio, marking…
News July 7
Update: Alibaba’s Freshippo Plans to Open Additional Stores as it Preps for IPO
Alibaba has opened 12 new Freshippo supermarkets in eight Chinese cities, including Beijing, Shanghai and Guangzhou. Earlier in…
News June 30
Shein and Temu Face Congressional Scrutiny Over Imports, Forced Labor
China-based shopping apps Shein and Temu have found themselves in the crosshairs of the U.S. House of Representatives.…
News June 26
Amazon Comes Under Fire from FTC, U.S. Senate for Deceptive Membership Practices, Warehouse Safety
[Editor’s Note: This story was updated on June 22, 2023 at 3:00 pm to include Amazon’s response to…
News June 22
Reports: Walgreens Settles Opioid Claims with New Mexico for $500 Million
Walgreens Boots Alliance has agreed to pay New Mexico $500 million to settle a 2017 lawsuit that claimed…
News June 12Top Stories
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