Latest E-commerce News
LendingClub: Q4 Earnings Snapshot
SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — LendingClub Corp. (LC) on Tuesday reported fourth-quarter profit of $9.7 million. On a per-share basis, the San Francisco-based company said it had profit of 8 cents. Earnings, adjusted for asset impairment costs, came to 11 cents per...
Upstart Chinese AI company DeepSeek's founder started out as a low-key hedge fund entrepreneur
BANGKOK (AP) — The 40-year-old founder of China’s DeepSeek, an AI startup that has startled markets with its capacity to compete with industry leaders like OpenAI, kept a low profile as he built up a hedge fund and then refined its quantitative models to branch into artificial intelligence. ...
Google pledges to crack down on fake reviews after UK watchdog investigation
LONDON (AP) — Google pledged to crack down on fake online reviews with tougher punishments for rogue reviewers and businesses that try to profit from them, British regulators said Friday following an investigation. The Competition and Markets Authority said that Google has...
Amazon to close 7 warehouses in the Canadian province of Quebec and eliminate 1,700 jobs
Online retailer Amazon said Wednesday that it's closing all seven of its warehouses in the Canadian province of Quebec in the next two months. The e-commerce giant said the move would provide “even more savings to our customers over the long run." However, a Canadian union that...
Amazon is ending its 'Try Before You Buy' option for Prime members
NEW YORK (AP) — Amazon is saying goodbye to “Try Before You Buy." The service, which allowed Amazon's Prime members to try on select clothing items, shoes and accessories at home before completing a purchase, is set to wind down in the coming weeks. The last day eligible...
US 'notorious markets' report warns of risks from online pharmacies
BANGKOK (AP) — Nearly all of the world’s 35,000 online pharmacies are being run illegally and consumers who use them risk getting ineffective or dangerous drugs, according to the U.S. Trade Representative’s annual report on “ notorious markets.” The report also singled out 19 countries...
