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Wish Sold to Asian Ecommerce Platform Qoo10 for $173 Million

Retail TouchPoints

After years of decline, ContextLogic has sold its discount shopping app Wish for approximately $173 million in cash to Qoo10 , an ecommerce platform that operates localized online marketplaces throughout Asia. Qoo10 is headquartered in Singapore and operates marketplaces in Singapore, Indonesia, Malaysia, mainland China and Hong Kong.

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Best Ecommerce Platform for Startups (Mar 2022)

Ecommerce Platforms

The best ecommerce platform for startups offers simple, yet intuitive functionality for companies ready to grow and sell. When you’re trying to innovate in your chosen market, you need an ecommerce environment that’s agile, and scalable – just like you. Shopify Review (Mar 2022): Is Shopify the Best Ecommerce Platform?

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7 Biggest Traps That Ecommerce Platforms Don’t Tell Retailers

Retail TouchPoints

Using ecommerce platforms like Shopify , Wix or SnapBlooms is a no-brainer for small shops, but before signing on to one, you must know your niche industry and the available ecommerce solutions. A good ecommerce platform comes with built-in features, making your SEO efforts a breeze.

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Shein Accused of ‘Industrial-Scale’ Copyright Infringement in New Class Action Lawsuit

Retail TouchPoints

The ecommerce platform — which already is dealing with a number of lawsuits and legislative investigations — is now also facing a class action lawsuit for copyright infringement, filed April 5 in the Southern District of New York. . (© Widespread copyright infringement is baked into the business.”

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Emerging Generative AI Model Helps Optimize Retail Merchandising Efforts

Retail TouchPoints

AI is the latest massively disruptive technology making waves for businesses everywhere. Generative AI is giving birth to exciting new use cases, but as with any new technology, there are serious questions about how to properly wield it. But it’s not quite new to retailers. Even many tech-savvy retailers are struggling to keep up.

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The Best Enterprise Ecommerce Platforms in 2021

Ecommerce Platforms

As your business grows, your enterprise ecommerce platform needs to be equipped to handle a range of tasks, from rendering product catalogs to managing orders. Let’s look at some of the best enterprise ecommerce platforms around. The Best Enterprise Ecommerce Platforms. Shopify Plus Cons ??.

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The Evolution of Retail: How Technology is Shaping the Future

365 Retail

The retail industry has undergone a significant transformation in recent years, driven by the rapid advancement of technology. From the rise of e-commerce to the integration of artificial intelligence (AI) and augmented reality (AR), the way consumers shop and how businesses operate have evolved dramatically.