China's Market Regulator Cracks Down on Temu Owner's Refund Policy
In a significant move aimed at reinforcing consumer rights, China's market watchdog has ordered PDD Holdings, the parent company of Temu, to address deficiencies in its refund policy. This directive comes amidst ongoing scrutiny over e-commerce practices and transparency in customer service.
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Zalando Expands Footprint: Acquires German E-Tailer About You for $1.3 Billion
In a significant move within the European online retail landscape, Zalando, a leading online fashion retailer, has announced its decision to acquire fellow German online retailer, About You, for a staggering $1.3 billion. This strategic acquisition marks a bold step for Zalando as it seeks to enhance its market presence and diversify its offerings in the highly competitive e-commerce sector.
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Cyber Monday 2024: A Record-Breaking $13.5 Billion Spending Surge Surpasses Expectations
Cyber Monday 2024 has once again proven to be a shopping extravaganza, with consumers splurging an astonishing $13.5 billion. This figure not only highlights the increasing trend towards online shopping but also shatters initial predictions, demonstrating the resilience and adaptability of retailers in the face of an ever-evolving consumer landscape.
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Instacart's Future Clouded by Cyberattack on Grocery Chain Owner
Instacart, the popular online grocery delivery service, finds its outlook clouded following a significant cyberattack on its parent company, the company that owns Stop & Shop. This attack has raised concerns about data security and the overall operational integrity of the grocery chain, impacting Instacart's business strategy moving forward.
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Instacart Projects Uncertain Future Amid Strong Grocery Demand
The online grocery delivery service Instacart has recently provided a mixed outlook regarding its financial performance, despite experiencing a surge in demand for grocery services. The company, which has faced fluctuating circumstances in the digital grocery market, continues to navigate the challenges of evolving consumer habits and increased competition.
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Temu Under Investigation Again for Alleged Misleading Sales Practices in the EU
In a significant development for the e-commerce landscape, Temu, the online marketplace known for its ultra-low prices on a wide array of products, finds itself at the center of a second investigation by the European Commission. The inquiry is focused on allegations of misleading sales practices that could potentially harm consumers and violate EU regulations.
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Online Holiday Spending Projected to Rise 8.4%, Most Since 2021
A very strong online holiday spending is forecasted for the holiday season. According to recent data, it is expected that the growth will be 8.4%, which would be the highest since 2021.
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You Won't Believe How YouTube Is Taking Over Asia's Online Shopping with Shopee!
In the case of YouTube—the world-renowned video-sharing platform, a senior executive of the company indicated his cooperation with SEA's Shopee to get well into the online shopping sphere going on in the entire Asia. This association exemplifies YouTube's great strategy to introduce e-commerce in the various streaming platforms that it already has, which could lead to a whole new way of online shopping in a region where the market reacts slowly.
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