Commerce

With the holiday shopping season well underway and showing signs that it might not be as sluggish as some predicted, a startup out of Austin, Texas, is announcing funding to build out a new approach to shipping, to help retailers compete against the consumer pull of fast and free Amazon Prime deliv

Shein, the world’s largest fashion e-commerce site, has taken significant steps to ramp up its environmental, social and governance — or ESG — efforts. But responsible fast fashion sounds like an oxymoron. How can clothes be so cheap if their designers don’t copy luxury bran

Indian consumer nutrition platform HealthKart has raised $135 million in a new financing round as it looks to expand in international markets and shore up cash to buy firms, it said Monday. Temasek led the Gurgaon-headquartered firm's Series H funding, valuing the 11-year-old startup at about $

Aaaaand we’re back! With our Thanksgiving mini-hiatus behind us, it’s time for another edition of Week in Review — the newsletter where we quickly wrap up the most read technewss stories from the past seven(ish) days. No matter how busy you are, it should give you a pretty good idea

Carousell, a Singaporean consumer-to-consumer (C2C) service platform operating across Southeast Asia, is letting go of about 110 employees, or 10% of its total headcount, in an effort to reduce costs amid a challenging market condition for the tech industry.  The announcement came from the company

Shein, the ultra-fast fashion giant that’s taken the globe by storm, has brought on another heavyweight executive to help steer its ship. It lately onboarded Jessica Liu, former co-president at the Southeast Asian e-commerce giant Lazada, as its vice president of global brand operations. Liu

Huel, the European provider of nutritional products, has sold more than 270 million meals across the globe since Julian Hearn started the company in 2015. Now with $24 million in fresh capital, it plans to do even more. It's been a while since we covered Huel, which originally launched in the U

Expectations for this year’s holiday spend online were lukewarm, but initial activity — driven by deep discounts — has bucked predictions. Cyber Monday pulled in $11.3 billion in sales online according to figures from Adobe Analytics, which tracks seasonal e-commerce activity. Thi

Lyst, the U.K. fashion e-commerce site that last year raised funding at a $700 million valuation, is the latest tech startup to rein in spending by cutting staff. technewss has learned that the company is in the process of laying off 25% of its employees, working out to about 50 people, as part of

Amazon is shutting down its wholesale distribution business in India, the latest in a series of retreats for the retailer in the key overseas market where it has deployed over $7 billion in the past decade. The American e-commerce giant said Monday that it is discontinuing Amazon Distribution, its

Amazon will shut down its food delivery business in India by the end of the year, the retailer said Friday, retreating from a $20 billion vertical it entered less than three years ago. The retailer will shut down the food delivery business, called Amazon Food, on December 29 in India. It launched F

Analysts and e-commerce leaders have been predicting a muted online holiday shopping season this year, with sales in the first three weeks of November essentially flat over a year ago due to a weaker economy, inflation and more people returning to shopping in stores again in the wake of the COVID-1

You blinked and it is, inexplicably, almost Black Friday again. Should you buy a bunch of stuff just because it’s discounted? Probably not! Can you use it as an opportunity to save some money on stuff you already wanted anyway? Absolutely. We don’t aim to be exhaustive w

JOKR confirmed Tuesday that it has withdrawn its on-demand food delivery operations in both Santiago, Chile and Medellin, Colombia, letting go of 22 employees and 19 employees, respectively, in those markets. The company said via email that the move will “further tighten our geographical footprin