Walmart has sold its shares in Chinese e-commerce company JD.comand ended its direct investments in the Alibaba Rival after more than eight years. The relationship began when Walmart sold its Chinese e-commerce operations to JD.com in June 2016, 5% share in the company as part of the deal. By February 2017, Walmart had increased its […]
Social commerce already has enormous importance in the Asia-Pacific market and is expected to experience a huge boom worldwide in the coming years. In 2023, social commerce generated an estimated $571 billion worldwide. With a compound annual growth rate of 13.7%, revenues are expected to exceed $1 trillion by 2028. In China, the social commerce […]
“We’re excited to partner with Amazon to deliver a seamless and fun shopping experience,” TikTok wrote in a post on Thursday, which did not provide details on how many international markets will be covered by the collaboration. TikTok users will see Amazon product recommendations in the app’s “For You” feed, according to the post. In […]
