Commerce

Flipkart blitzes into India’s 10-minute quick delivery battle

Commerce /

India’s fast-growing quick commerce market is getting a new deep-pocketed entrant: Walmart-owned Flipkart, India’s largest e-commerce firm. Flipkart has started to roll out Flipkart Minutes, its quick commerce service, in parts of Bengaluru. The new service offers customers the ability to have a wide range of items, from grocery to smartphones, delivered to them within […]

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Investors pour money into non-alcoholic beverages

Commerce /

Startups are attracting serious funding to provide fun, alcohol-free drink options at the bar and in other social contexts. Earlier this year, canned water company Liquid Death announced that it has raised $67 million in new funding at a $1.4 billion valuation. And Athletic Brewing Company, which describes itself as America’s largest non-alcoholic brewery, said

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Egypt’s Cartona raises $8.1M even as investors pull back from B2B e-commerce in Africa

Commerce /

When Egyptian B2B e-commerce platform Cartona last raised money in 2022, global and local investors were eager to invest in African startups solving the supply chain and operational challenges for retailers and suppliers in the fast-moving consumer goods (FMCG) industry. Two years on, investors aren’t as enthused anymore as the business models of such startups,

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Qoo10’s CEO pledges personal assets worth $58M to compensate Korean merchants affected by its liquidity crisis

Commerce /

The founder and CEO of Singapore-based marketplace Qoo10 has pledged to use his personal assets to secure about $58 million (80 billion KRW) to compensate South Korean customers and vendors affected by his company’s liquidity crisis, which in turn resulted in failed payments to about 60,000 small merchants who sell through its Korean marketplace subsidiaries,

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India’s Swiggy turns its Minis service for small businesses into a link-in-bio landing page

Commerce /

Indian food delivery and quick commerce startup Swiggy is pivoting one of its smaller businesses: Swiggy Minis, its Shopify alternative for small businesses, is being turned into a link-in-bio service that will now also cater to service providers like nutritionists and fitness trainers. In its new avatar, Swiggy Minis will act as a landing page

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US buyers spent $7.2B on the first day of Amazon’s Prime Day sales event

Commerce /

Consumer spend in the U.S. for the first day of Amazon Prime Day recorded 11.7% year-on-year growth according to data by Adobe Analytics. This year, Amazon is holding its Prime Day event this week across many regions. Adobe’s report noted that consumers spent $7.2 billion on the first day as compared to $6.4 billion on

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TikTok glitch allows Shop to appear to users under 18, despite adults-only policy

Commerce /

A TikTok glitch seems to be allowing some teens access to the TikTok Shop tab, despite the e-commerce offering supposedly being restricted to users who are 18 and older, per TikTok’s policy. The issue occurs when a teen originally lies about their age when signing up for TikTok, by entering in a date of birth that

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Amazon AI chatbot Rufus is now live for all U.S. customers

Commerce /

Amazon’s AI-powered shopping assistant, named “Rufus,” is now live for all U.S. customers in the Amazon mobile app, the retailer announced on Friday. The assistant, which lives on the bottom right of the app’s main navigation bar, is designed to offer customers help with finding products, performing product comparisons, and getting recommendations on what to

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XNXX joins handful of adult sites subject to EU’s strictest content moderation rules

Commerce /

The European Union has designated adult content website XNXX as subject to the strictest level of content regulation under the bloc’s Digital Services Act (DSA) after it notified the bloc it had passed the usage threshold of more than 45 million regional average monthly users. It’s the fourth porn site to be named a very

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