The digital advertising market may be on the verge of a major shakeup, as the US government targets Google and Meta for antitrust actions — further complicating the online ad space as more fashion brands invest in their e-commerce businesses. On April 17, a federal judge ruled that Google has an illegal monopoly on the…
The U.S. tariff rate on Chinese goods now stands at 145%, according to The White House. Spencer Platt | Getty Images News | Getty Images While recent news of United States President Donald Trump’s on-again off-again tariffs has led to wild swings in markets and shaken businesses globally, companies that rely on open trade between…
Hong Kong’s postal service provider will stop accepting airmail parcels to the United States in 10 days after suspending the handling of US-bound packages by land and sea on Wednesday amid the coming tariff increase. US President Donald Trump last week announced plans to further raise tariffs on small parcels sent to his country from…
The founder and former CEO of a US-based e-commerce firm was charged with making false claims about his company’s artificial intelligence (AI) technology when he actually employed human workers at a call center located in the Philippines. Saniger misled investors and the public about the AI in his Nate shopping app.(Screengrab LinkedIn/@Albert Saniger) Albert Saniger,…
Fashion goes in and out of style, and so, it turns out, do fashion startups. Lyst — the high-end fashion marketplace with 160 million users that was once valued at $700 million — has been acquired for just $154 million in an all-cash deal. The buyer is Zozo, a Japan-based fashion and e-commerce business. Zozo…
Famous Hong Kong singer and actor Nicholas Tse has yet again proved his business acumen by selling 1.5 billion yuan-worth (US$207 million) of sausages in China over the past three years. Tse’s food company, based in Hangzhou, Zhejiang province, eastern China, known as the brand Chef Nic Π, or fengweipai in Chinese, has also been…
The Hong Kong government has strongly opposed the United States’ decision to impose reciprocal tariffs on Hong Kong and cancel a duty-free exemption on small parcels from the city in May, condemning the actions as bullying and unreasonable. A government spokesman said on Thursday that the levy of the so-called reciprocal tariffs on Hong Kong…
Alibaba Cloud, the cloud computing unit of the Hangzhou-based tech giant, plans to launch its Qwen3 LLM this month, according to people familiar with the matter. Alibaba owns the South China Morning Post. The upgraded model is expected to come in multiple variants, including a standard version and a Qwen3-MoE, which uses a mixture-of-experts architecture,…
Mexico has found itself in the middle of a trade war — of words — after the U.S. and Chinese embassies in Mexico squared off on social media over criticism of Chinese e-commerce apps like Shein and Temu. On Thursday, the U.S. Embassy in Mexico published a video urging users in Mexico to delete Chinese…
D-Congress is a unique blend of cultural heritage, visionary leadership, and forward-thinking policies fosters a dynamic ecosystem driving advancements in music, fashion, and technology. D-Congress Sweden is a powerhouse in digital and e-commerce innovation, home to industry leaders like Klarna and Shopify, which dominate significant global market shares. The region’s unique blend of cultural heritage,…