hat Amazon prevents Walmart from outcompeting itself in the e-commerce space by penalizing third-party sellers for offering lower prices on other platforms in order to maintain a competitive advantage.
YCD News – On November 2, AmazonBusiness announced that it would begin rolling out Affirm buy now, pay later service for eligible sole proprietors, the first buy now, pay later option introduced to Amazon’s B2B business. During the same period, Walmart also announced the launch of its buy now, pay later service powered by Klarna on its Canadian website and app.
counterfeiting, fraud, and abuse. To achieve this goal, Amazon established its Counterfeiting Crimes Unit (CCU) in 2020.
YCD News – On October 31st, Shopify announced the launch of the web version of its Shop app, which not only opens up the product search function, but also adds AI artificial intelligence to help with the search. This
YCD News – On October 27-28, the International Trade Union Confederation (ITUC) and Progress International co-hosted the MakeAmazonPay Summit in Manchester, England. At the summit, trade unions and government officials announced that they will go on strike on Black Friday in more than 30 countries around the world, including the United Kingdom.
YCD News – On October 26th, Amazon released its third quarter 2023 financial results. With inflation easing and business and consumer spending increasing, Amazon’s revenue and profit exceeded market expectations.
YCD News – Extensiv, a warehousing, inventory management services provider, has released its Q3 2023 U.S. e-commerce platform insights, with data based on thousands of brands using Extensiv products to process orders, revealing changes in order volume from each platform.
YCD News – Amazon is launching a new artificial intelligence image generation tool for advertisers to generate backgrounds based on product descriptions and themes. The e-commerce giant said it is currently testing the tool with selected advertisers and will continue to train and improve the tool based on customer feedback.
YCD News — Amazon is hosting its third annual Holiday Beauty Haul promotion, which begins October 23rd and runs for two weeks through November 5th.
YCD News – U.S. Amazon delivery drivers have expanded their strike activity from California to Georgia, with striking drivers demanding that Amazon address low pay and hazardous working conditions.