A First for JD.com in More Than a Decade: Revenue Declines, Shares Tumble
China-based e-commerce and retail company JD.com reported its first quarterly revenue decline since its 2014 initial public offering. The company, which owns Joybuy, saw…
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Shein Loses UK Copyright Lawsuit Against Temu
A new ruling has emerged in the legal battle between Shein and Temu, two major players in the global e-commerce and retail industry. Shein lost the copyright lawsuit it…
Trendyol Signs Global Partnership with English Football Giant Manchester City
Manchester City has signed a new global partnership agreement with Türkiye-based e-commerce platform Trendyol. Under the agreement, Trendyol has become the English…
Jumia Secures $50 Million Investment; IFC and Axian Provide Backing
Africa-based e-commerce platform Jumia announced a new $50 million capital raise. The International Finance Corporation (IFC), a member of the World Bank Group, invested…
Shopee Beats Expectations in Q2 2026: Revenue Approaches $5 Billion
Singapore-based Sea Limited reported revenue above market expectations in the second quarter of 2026, driven by growth in its e-commerce platform Shopee and digital…
Momox Expands Recommerce Operations to the Netherlands
German recommerce platform Momox has entered the Dutch market with a dedicated website and app, marking its expansion into its sixth European market. The company enables…
Tourists in the UAE Can Receive VAT Refunds on Noon Purchases
The United Arab Emirates (UAE) has expanded its digital VAT refund system for tourists to e-commerce. Visitors in the country can now request VAT refunds for eligible…
Marketplaces in Indonesia to Collect Taxes on Behalf of E-Commerce Sellers
Indonesia will put a new practice aimed at increasing tax compliance in the digital commerce ecosystem into effect as of November 1, 2026. Under the new regulation,…
TikTok Shop Reaches 300,000 Small Businesses in the United Kingdom
The number of small businesses selling through TikTok Shop in the United Kingdom has exceeded 300,000. While the platform did not disclose the total number of sellers in…
CarrefourSA Completes Majority Ownership Transfer to Yeni Mağazacılık
Ownership Transfer Officially Completed ISTANBUL – CarrefourSA has officially completed the transfer of its majority ownership to Yeni Mağazacılık A.Ş., the retail…
Wayfair’s Second-Quarter Net Revenue Reached $3.5 Billion; Shares Gained 20%
U.S.-based online home goods retailer Wayfair announced its second-quarter 2026 results. The company, which reported financial results above expectations, saw its shares…
Argos Launches Curated Marketplace; International Seller Applications Begin
Argos, one of the United Kingdom’s largest multichannel retailers, has launched its curated online marketplace to expand its product range and meet more of customers’…
Temu Joins the Cross-Border Commerce Europe
Chinese e-commerce platform Temu has become a member of Cross-Border Commerce Europe (CBCommerce), referred to as the Brussels-based “European Cross-Border Commerce…
Drone Attacks on Wildberries Warehouses Continue: Sellers’ Losses Could Reach $3.5 Billion
Wildberries, one of Russia’s largest online marketplaces, has come into the spotlight following new attacks in which unmanned aerial vehicles reportedly belonging to…
Amazon Announces Second-Quarter Results: Revenue Reaches $200.6 Billion
Amazon announced its financial results for the second quarter ended June 30, 2026. The e-commerce and technology company’s net sales increased 20% year over year, rising…
Temu Accused by the EU of Obstructing an Investigation: Fine of Up to 1% of Annual Turnover on the Agenda
The European Commission announced its preliminary assessment that the e-commerce platform Temu failed to cooperate sufficiently with the authorities during an…
Ozon’s Tatarstan Warehouse Evacuated Following Drone Attack Alert
Russia’s second-largest e-commerce company, Ozon, evacuated its logistics center in the city of Zelenodolsk in the Tatarstan region due to the threat of a Ukrainian…
Amazon Tops the Fortune Global 500: Walmart’s 12-Year Leadership Comes to an End
Amazon ranked first on the 2026 Fortune Global 500 list, bringing Walmart’s 12-year leadership to an end. The company, which operates in the fields of e-commerce, cloud…
New Drone Attack on Wildberries: Facilities in Penza and Udmurtia Targeted
New drone attacks have been added to those targeting Wildberries, Russia’s largest e-commerce platform. On the night of July 30, approximately 200 employees were…
Shein Reports a $99 Million Loss Following the U.S. Customs Regulation
China-based fast-fashion and e-commerce platform Shein reported a net loss of $99 million in the first quarter of 2026 following the removal of the customs duty…
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