All articles tagged with #online commerce
OpenAI's ChatGPT now allows users to purchase goods directly from Etsy and Shopify through the chatbot, aiming to generate new revenue streams in online shopping by integrating payment systems like Stripe for seamless transactions, while maintaining unbiased product rankings.
Amazon Prime Video is accused of misleading labeling by tagging movies as "free" when they are not actually included in the Prime subscription, instead requiring additional purchases or subscriptions. This practice has diminished the value of the word "Prime" and is seen as a part of Amazon's broader trend of enshittification, where it prioritizes its business interests over user experience. Additionally, Amazon's platform has been overrun with A.I.-plagiarized copies of writers' books, infringing on their ability to earn money from their own labor, while the company seems indifferent to these issues due to its dominant position in the online commerce landscape.
JD.com, China's second-largest online retailer, reported a 7.6% increase in revenue to 287.9 billion yuan ($39.5 billion) in the second quarter, surpassing analysts' estimates, despite the weakening Chinese economy. The company's performance, along with better-than-expected results from rival Alibaba, suggests that online commerce remained resilient during the summer shopping season. JD.com's new CEO, Sandy Xu, faces the challenge of reviving the company amid increasing competition and the impact of Beijing's crackdown on the tech sector. The company is diversifying its offerings and investing in incentives to attract customers while cutting costs in other areas.
JD.com aims to create seven listed firms with market values of at least $14 billion apiece over the next two decades, as it wrapped up its signature 2023 sales gala with another record haul. The summer online sales event, in which larger rival Alibaba Group Holding Ltd. also takes part, is an important barometer of Chinese consumer spending that’s often compared with Black Friday and the Alibaba-created Nov. 11 event.
Groupon, the internet-deals site, warns that it may not survive as its stock tumbles following weak earnings. The company has struggled since going public 12 years ago and faces a day of reckoning as it tries to gain a foothold in online commerce.