YAS and QBE Launch Hong Kong’s First “Pay-As-You-Sell” Product Liability Insurance for E-Commerce Merchants
Revolutionary Model Aligns Insurance Premium with Real-Time Sales Data and AI, Supporting Hong Kong's Online Sellers and Merchants
HONG KONG, Dec. 2, 2024 /PRNewswire/ -- YAS and QBE Hong Kong today announced the launch of the region's first "Pay-As-You-Sell" product liability insurance. Underwritten by QBE and distributed exclusively through YAS, this innovative insurance solution leverages…
US e-commerce giant Amazon invested over $1.49B in Singapore
US-headquartered e-commerce giant Amazon announced on Thursday that it has invested more than S$2 billion ($1.49 billion) across its retail and cloud businesses in Singapore in 2023.
This includes both capital expenditure such as improvements to existing infrastructures, including fulfilment centers, delivery stations, and data centers, and operating expenditure towards technology, safety,…
Xinhua Silk Road: Wendeng huabobo, intangible cultural heritage fuels e-commerce growth and embraces digital transformation
BEIJING, Nov. 20, 2024 /PRNewswire/ -- Wendeng District, located in Weihai City, east China's Shandong Province, has been recognized by the provincial department of commerce as an e-commerce industrial zone of Wendeng huabobo, showing its success in leveraging the local intangible cultural heritage to drive economic development.
Wendeng huabobo, a type of flower-shaped steamed bun, is deeply…
ASEAN-6 B2C e-commerce export revenue seen to reach $30.4 billion in 2028 : Amazon Global Selling
ASEAN-6 (Singapore, Malaysia, Thailand, Vietnam, Indonesia, and the Philippines)'s business to consumer (B2C) e-commerce export revenue for is expected to reach $30.4 billion in 2028, a report commissioned by Amazon Global Selling showed Wednesday.
According to the report conducted by Access Partnership and commissioned by Amazon Global Selling, assuming the current pace of e-commerce…
SENSER Luxury E-commerce Platform Marks Good Start in the U.S. with Orders Exceeding Set Target
NEW YORK, Nov. 13, 2024 /PRNewswire/ -- According to the recently released U.S. Luxury Boom 2024 report, the past four years have witnessed a substantial increase in U.S. consumers' willingness to purchase luxury goods. Over the next 12 months, the percentage of luxury goods purchases is projected to increase from 14% in 2021 to 26%. A growing number of American consumers are willing to pay a…
Rotita Takes Legal Action Against Intellectual Property Violations on Major E-commerce Platforms
NEW YORK, Nov. 11, 2024 /PRNewswire/ -- Rotita is a brand that has dedicated more than a decade to providing high-quality, affordable women's fashion products including swimwear, tops and dresses that are designed to empower and encourage its customers to embrace their unique beauty regardless of body type, age, or skin tone. Through the work of its talented design team, the company has built a…
Canva partners e-commerce app Enstack to empower businesses with free design tools
Canva, an Australia-based online design platform, has forged a long-term partnership with Philippines e-commerce platform Enstack to empower businesses with free design tools.
Enstack said in a statement on Tuesday that the partnership provides businesses with free, easy-to-use design tools, aiming to make professional design accessible to entrepreneurs, letting them stand out online without…
2024 Malaysia E-commerce Product Selection Expo Reaches Major Milestone Attracting Leading Brands and Businesses From China
KUALA LUMPUR, Malaysia, Oct. 25, 2024 /PRNewswire/ -- In less than a month since its announcement, the inaugural 2024 Malaysia E-commerce Product Selection Expo, organized by JMM Exhibition, has garnered strong interest from China-based businesses. Numerous leading brands, enterprises, manufacturers, and exhibitors have already confirmed their participation, achieving 75% of the targeted…
Indonesia blocks e-commerce app Temu over regulatory violations – report
The Indonesian communication and information ministry has blocked the Temu application, citing non-compliance with regulations and its aim to protect micro, small, and medium enterprises (MSMEs) and consumers, Malaysian national news agency Bernama reported on Tuesday.
Spokesman Prabunindya Revta Revolusi of the ministry said Temu – a Chinese online marketplace that connects products directly…
Malaysia’s online crime cases increase 35.5 pct in 2023 with e-commerce crime accounts for 33.2 percent
Malaysia's online crime cases increased 35.5 percent year on year to 34,532 cases in 2023 from 25,479 cases in the previous year, with e-commerce crime accounted for 33.2 per cent, official data showed Wednesday.
The Department of Statistics Malaysia (DOSM) said in a statement that all types of offences recorded an increase in 2023, with e-commerce crime was the highest contributor to online…