Chinese ecommerce site Shein hit with trademark disputes

Brahm Buck

Popular Chinese ecommerce platform Shein, whose big data-driven designs have propelled it to the top of app download charts, is facing complaints from apparel brands that claim it has infringed their intellectual property.

Since being founded in 2008, according to its website, Shein has cemented itself as a global Gen Z staple, selling cheap, on-trend clothing online.

In May of this year, according to data from AppAnnie, the company reached the top of the app download charts for shopping on both Apple and Google’s stores, while it was valued at $15bn in its most recent known funding round in August

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Examining Open Banking For eCommerce Growth

Brahm Buck

 

Globally, consumers and merchants are adopting open banking technologies as the go-to option for frictionless payments in eCommerce.

According to a new PYMNTS report, Open eCommerce: Open Banking As The New eCommerce Accelerator In The U.K. And Europe, a PYMNTS collaboration with TrueLayer, open banking technology has become a critical component of eCommerce growth. It facilitates rapid user authentication and instant bank-to-bank payments. As digital marketplaces, merchants and brands launch or expand eCommerce offerings, the ability to quickly and securely launch a scalable payments infrastructure

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Keysight Expands B2B eCommerce Site To EU, UK

Brahm Buck

Keysight Technologies, whose offerings include hardware and software for testing and measuring networks and equipment, announced in a press release it has expanded its B2B eCommerce website in the Americas to 26 countries in the European Union and United Kingdom, making purchasing easier for customers.

“Keysight’s goal is to create an integrated multi-channel transactional ecosystem that offers customers an effortless purchasing experience via coexistence of eCommerce and distribution,” Kari Fauber, senior director of Global Partners and eCommerce at Keysight Technologies, said in the release.

The

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Forget Wish; Buy These 3 E-Commerce Stocks Instead

Brahm Buck

ContextLogic‘s (NASDAQ:WISH) Wish was one of the most disappointing IPOs of 2020. The e-commerce company went public at $24 per share last December, but it started trading at $22.75, closed at $20.05 on the first day, and remains well below its IPO price as of this writing.

Wish serves over 100 million monthly active users (MAUs) in more than 100 countries, but it’s still growing at a much slower rate than larger e-commerce companies like Amazon. Most of Wish’s merchants are located in China, and it’s been dogged by complaints regarding counterfeit goods, long shipping times, and difficult

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Netflix moves into e-commerce with launch of online store

Brahm Buck

Netflix on Thursday announced the launch of its foray into e-commerce with Netflix.shop, an online store that will sell exclusive limited edition products inspired by Netflix shows and made in partnership with up-and-coming artists.

The shop will carry clothing, toys and games. For June, the new online store will be dropping apparel and action figures based on the anime series “Yasuke” and “Eden.” Items made in collaboration with the Musée du Louvre and inspired by the Netflix original series “Lupin” will also be dropping this month.

“We love it when great stories transcend screens and become part of people’s lives.

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