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Thailand-based logistics firm eyes 'thousands of jobs' for Filipinos

Bruce Rodriguez, ABS-CBN News
Posted at Nov 29 08:12 PM

The Department of Trade and Industry welcomed the new logistics player in the country. Read more »

Household items, clothes, mobile phones best sellers last 11.11: Lazada

ABS-CBN News
Posted at Nov 24 11:35 AM

Home improvement items, mobile phones and clothes were among the best selling items during the recently concluded Lazada 11.11 sale. Read more »

Amazon to end Visa card payments in UK over high fees

Agence France-Presse
Posted at Nov 19 08:38 AM

Online retail giant Amazon said it plans to stop accepting payments in the UK made with Visa credit cards, blaming the move on high fees. Read more »

Alibaba sees annual growth slowing sharply as consumption lags

Josh Horwitz and Subrat Patnaik, Reuters
Posted at Nov 19 08:24 AM

China's Alibaba forecast annual revenue to grow at its slowest pace since its 2014 stock market debut as second-quarter results missed expectations due to slowing consumption, increasing competition and a regulatory crackdown. Read more »

Dyson delivers virtual reality in new twist to home shopping

Paul Sandle, Reuters
Posted at Nov 19 08:20 AM

Dyson, best known for its revolutionary bagless vacuum cleaners, will enable customers to test its hairdryers, straighteners and stylers from the comfort of their home through virtual reality Read more »

SSI Group trims net loss in first 9 months of 2021

ABS-CBN News
Posted at Nov 15 05:00 PM

Specialty retailer SSI Group said it reduced its net loss for the first 9 months of the year by 42 percent due to strong sales in the third quarter. Read more »

Alibaba's Singles Day sales grow its slowest pace ever

Josh Horwitz, Reuters
Posted at Nov 12 03:10 PM

Alibaba Group Holding Ltd said on Friday that sales during its annual Singles' Day shopping frenzy grew 8.5 percent, the slowest rate ever, underscoring strong regulatory and supply chain headwinds for China's tech firms. Read more »

11 million items sold in first 5 minutes of 11.11 sale: Shopee

ABS-CBN News
Posted at Nov 12 02:59 PM

E-commerce platform Shopee said Friday it sold a record 11 million items in the first 5 minutes of its 11.11 Big Christmas sale. Read more »

IKEA PH assures enough stocks in time for opening

Warren De Guzman, ABS-CBN News
Posted at Nov 10 06:33 PM

IKEA Pasay City scales pandemic challenges, aims opening store before end of November Read more »

The cost of low prices and its effects on MSMEs

Dexter Jordan L. Yu
Posted at Nov 04 09:50 PM

The most effective way of helping MSMEs thrive amidst the race to the bottom is for our institutions to intervene. Read more »

IKEA opens online store in PH; to operate 24/7

Jessica Fenol, ABS-CBN News
Posted at Nov 03 11:04 AM

IKEA on Wednesday said its e-commerce operations in the Philippines is now in full swing as it officially opened its online store which would operate 24/7 starting Nov. 3. Read more »

Alibaba tones down Singles Day

Josh Horwitz and Brenda Goh, Reuters
Posted at Nov 02 10:26 AM

Alibaba Group's annual 'Singles Day' shopping spree is set for its most sober tone ever this year, as the retail giant preaches sustainability rather than hyping the usual sales boom amid calls by Beijing to promote "common prosperity". Read more »

BIR urged to 'catch up' with peers on digital tax

ABS-CBN News
Posted at Oct 26 01:12 PM

The DOF has asked the BIR to study the digital tax practices in other countries as the number of online sellers and social media influencers continue to grow. Read more »

If price is right, 55 pct of Pinoys ready for year-end sales

Aneth Ng-Lim
Updated as of Oct 25 02:36 PM

Who needs a rice cooker that uses artificial intelligence? Read more »

PH, Singapore to boost digitalization of 5,000 MSMEs

Bruce Rodriguez, ABS-CBN News
Posted at Oct 21 04:54 PM

DTI and the Monetary Authority of Singapore (MAS) on Thursday launched a program that aims to help digitalize at least 5,000 Filipino small businesses. Read more »

E-commerce sites can be liable for prohibited items: senator

ABS-CBN News
Posted at Oct 20 01:22 PM

Lazada, Shopee and Facebook Marketplace can be held liable for the sale of prohibited electronic products in their channels, a senator said on Wednesday. Read more »

COVID-19 triggers online shopping addiction among young

The Conversation, Reuters
Posted at Oct 15 02:31 PM

Compulsive buying among youth is not spurred solely by the desire to possess products. Rather, the motivating factors include feelings of status, dominance, power, and prestige associated with the ownership of certain goods. Read more »

K-pop's Seventeen named Lazada brand ambassadors

Jaehwa Bernardo, ABS-CBN News
Posted at Oct 13 12:02 PM

Seventeen was named Lazada's first regional 'Happiness Ambassadors.' Read more »

Alibaba founder Jack Ma reappears in Hong Kong - sources

Kane Wu and Julie Zhu, Reuters
Updated as of Oct 13 08:49 AM

Alibaba Group founder Jack Ma, largely out of public view since a regulatory clampdown started on his business empire late last year, is currently in Hong Kong and has met business associates in recent days, two sources told Reuters. Read more »

China online sellers profit due to 'Squid Game'

Xinmei Shen, South China Morning Post
Posted at Oct 07 01:11 PM

South Korean hit drama Squid Game has become popular in China, despite not being officially released in the country. Chinese merchants are selling costumes and masks inspired by the show to buyers at home and overseas. Read more »