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…
Amazon Integrates Amazon Clinic into One Medical Brand
Amazon has announced that it is integrating its Amazon Clinic telehealth service into its primary care business, One Medical. This rebranding effort aims to streamline Amazon’s primary care offerings for…
Shopify Sellers Can Now Apply to Sell on Target Plus
Shopify merchants can now sell their items to Target’s extensive customer base through a new partnership. Announced on Monday, June 24, this collaboration allows sellers on Shopify’s platform to apply…
Shopee agreed to modify its practices in Indonesia after the local watchdog found it violated competition law.
Shopee and its courier service, Shopee Express, have agreed to modify their practices after admitting to a breach of competition regulations in Indonesia, as confirmed by the country’s competition watchdog,…
Nvidia’s Market Value Drops by $500 Billion, Losing Its Title as ‘Most Valuable Company’
In the rapidly evolving tech landscape, Artificial Intelligence (AI) has emerged as a pivotal force, driving innovation and commanding significant economic influence. Nvidia, a leader in the production of AI-capable…
Amazon Takes Major Step to Eliminate Plastic Pillows from Packaging
Amazon has announced a significant environmental initiative aimed at reducing its plastic usage in packaging by phasing out the use of plastic air pillows. As of now, the e-commerce giant…
Fisker Joins Growing List of Bankrupt Electric Vehicle Companies
Fisker, the US-based electric vehicle (EV) startup, has declared bankruptcy, joining the growing list of EV companies grappling with financial difficulties. The company filed for Chapter 11 protections on June…
WeWork Rebounds from Bankruptcy, Appoints John Santora as CEO
WeWork, previously mired in financial distress, successfully exited from Chapter 11 bankruptcy this Tuesday, June 11, bringing in John Santora, a seasoned commercial real estate expert, as its new CEO,…
Amazon Receives FAA Approval for Expanding US Drone Deliveries
Amazon has received approval from the Federal Aviation Administration (FAA) to extend its drone delivery service, Prime Air, across more locations in the United States. This development marks a significant…
Adam Neumann Withdraws Bid to Reacquire Bankrupt WeWork
Adam Neumann, the founder of WeWork, has officially withdrawn his bid to reacquire the now-bankrupt shared office space provider, marking an end to his attempts to regain control of the…
Apple to Open Its First Store in Malaysia, Continuing Expansion Across Asia
In a strategic move to bolster its presence in the Asian market, Apple announced on Wednesday that it will open its first retail store in Malaysia next month. This decision…
Xiaomi Achieves Remarkable Growth in Q1 2024
Xiaomi Corporation, a prominent player in consumer electronics and smart manufacturing, has reported a significant year-on-year (YoY) growth in its financial results for the first quarter of 2024. Known for…
U.S. DOJ Set to Sue Live Nation Over Ticketmaster’s Market Control
The U.S. Department of Justice (DOJ), along with several states, is set to file an antitrust lawsuit against Live Nation Entertainment, targeting its subsidiary Ticketmaster’s dominant position in the concert…
Oyo, previously valued at a whopping $10 billion, postpones IPO plans for the second time.
Oyo, the once high-flying Indian budget hotel chain, has withdrawn its Initial Public Offering (IPO) application from the Securities and Exchange Board of India (SEBI) for the second time, delivering…
Recruiting Startup SeekOut, Once Valued at $1.2 Billion, Cuts 30% of its Workforce
SeekOut, an eight-year-old recruitment startup utilizing AI for candidate discovery, reduced its workforce by approximately 30% last Thursday, May 16th. In a recent communication to employees, SeekOut’s CEO Anoop Gupta…
How To Successfully Sell Your Innovative Brand in 2024
Want to elevate your brand and boost sales? Discover how to sell your brand like a pro with our expert tips and strategies. From creating compelling marketing campaigns to engaging…
How to Successfully Talk to an Employee With Performance Issues
Navigating conversations with an underperforming employee is a crucial skill for any manager. Addressing issues effectively can lead to improved performance and a more positive work environment. Understanding the best…