India Emerges as Leading Market for Meta AI Usage
Meta’s Chief Financial Officer, Susan Li, highlighted India’s significance as the largest market for Meta AI usage during the company’s second-quarter earnings call. This milestone, achieved just a few months…
Federal Ruling: Amazon Accountable for Dangerous Third-Party Products
The US Consumer Product Safety Commission (CPSC) has ruled that Amazon is legally responsible for recalling hazardous products sold by third-party sellers on its platform. In a unanimous decision, the…
How to Launch a Product Successfully in 10 Steps
You’ve done it. After months (or maybe years) of hard work, your product is finally ready. It’s polished and tested, and you’re confident it’ll make a real difference in people’s…
Xiaohongshu Rises as a Major Force in China’s E-Commerce Scene
Chinese social media platform Xiaohongshu, known for its Instagram-like interface, is making a significant impact in China’s e-commerce market. It is attracting attention and revenue from major players like Alibaba…
Apple Reaches First Union Agreement with US Retail Employees
Apple has reached a tentative contract agreement with unionized employees at its Towson, Maryland retail store, marking a significant milestone as the first such agreement for the company in the…
Qoo10’s Korean Branches Under Investigation for Delayed Merchant Payments
The e-commerce market in South Korea, one of the largest globally, faces new challenges as two major platforms, Ticket Monster (TMON) and WeMakePrice, come under scrutiny. The Fair Trade Commission…
OneStream Skyrockets in Market Debut, Boosted by KKR Backing
Shares of financial software maker OneStream, backed by private equity firm KKR, rose nearly 30% in their Nasdaq debut on Wednesday, giving the company a valuation close to $6 billion.…
Elon Musk Halts Tesla’s Mexico Factory Plans in Response to Trump’s Tariff Threats
Tesla CEO Elon Musk announced on Tuesday that the company is putting its plans to build a new gigafactory in Mexico on hold. The decision comes in response to former…
Disneyland Workers Overwhelmingly Voted Yes to Authorize Strike
Thousands of Disneyland workers have voted to authorize a strike, signaling widespread dissatisfaction among employees over alleged unfair labor practices during ongoing contract negotiations. This move, backed by an overwhelming…
Amazon Prime Day Sets New U.S. Online Sales Record at $14.2 Billion
Amazon Prime Day has once again surpassed previous sales records, generating an unprecedented $14.2 billion in U.S. online sales during its 48-hour event, an increase of 11% from the prior…
MUFG Executives to Take Pay Cuts Following Information Firewall Breach
Mitsubishi UFJ Financial Group (MUFG), Japan’s largest banking group, has announced pay cuts for its CEO and five other executives following breaches of “firewall” regulations at its banking and securities…
Fisker Cleared for $46.25 Million Ocean SUV Sale
Fisker has been authorized by a bankruptcy judge to sell over 3,000 Ocean SUVs to American Lease, a vehicle leasing company, in a deal worth up to $46.25 million. This…
Apple’s India Sales Soar 33%, Reaching Record High Amid Shift from China
Apple Inc. has achieved a milestone in India, with its annual sales reaching a record of almost $8 billion. This shows the rapid growth of the Indian market, where the…
WhatsApp now enables businesses to send authentication codes to users in India
WhatsApp has officially enabled businesses to send authentication and login codes through its API to users in India. This new feature, launched on July 1, represents a significant step in…
WhatsApp Business Adjusts Rates to Curb Marketing Spam
WhatsApp Business is implementing new per-conversation rates aimed at reducing marketing spam. The updated pricing structure decreases rates for utility messages and increases rates for marketing messages. Meta, the parent…
CNN Prepares for Digital Future with Job Cuts
CNN is making significant changes as it prepares for a future beyond cable TV. On Wednesday morning, CEO Mark Thompson announced in a memo to staff that the company would…
Alibaba Focuses on Generative AI Tools to Support International Merchants
Chinese tech giant Alibaba Group is set to revolutionize its international e-commerce operations by integrating generative AI-powered tools. These advancements aim to assist cross-border merchants with crucial tasks such as…
Etsy Changes Product Categories to Emphasize Human Touch and Compete with Amazon, Temu
Etsy is updating its product categories to better highlight human involvement. This change introduces four new classifications: “made by,” “designed by,” “handpicked by,” and “sourced by.” These labels will be…
Salesforce Shareholders Vote Against Executive Pay Package
Salesforce shareholders voted against approving the company’s executive compensation plan, defying the board’s recommendation to endorse the payouts for top executives, including CEO Marc Benioff. In a regulatory filing on…
Amazon to Launch Discount Store to Counter Rising Temu and Shein
Amazon plans to launch a new budget storefront featuring low-cost apparel, home goods, and other items to compete with emerging e-commerce sites Temu and Shein. The storefront, announced at a…