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GoKwik: Ecommerce enabler GoKwik says proliferation of fake orders rising online

Online shoppers continue to increase in India but cash on delivery (COD) remains the preferred mode of payment. The chances of return to origin (RTO) orders are significantly higher in these orders as opposed to prepaid orders. RTO is when undelivered orders are returned before delivery causing a major setback to operations for exommmerce brands as they add to logistics costs, inventory blockage, loss of true conversions and leaking profitability. ....

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Amazon: Amazon steers consumers to higher-priced items, lawsuit claims

According to a complaint filed on Thursday in federal court in Seattle, Amazon s algorithm for choosing what to display in its "Buy Box" when shoppers search for products often obscures lower-priced options with faster delivery times. ....

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Alibaba: Alibaba approves an additional $25 billion share buyback as its revenue disappoints

Alibaba posted a 5% increase in sales to 260.3 billion yuan ($36.67 billion) in the quarter that ended in December, slightly missing analysts estimates. Net income sank to 14.4 billion yuan ($2 billion), down 77% compared to a year earlier. ....

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Shopify Faces Generative AI eCommerce Competition with 10Web

A next generation of eCommerce retail software is hitting the market with venture backed 10Web challenging market leaders like Amazon, Shopify, etc. ....

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Tata Digital: Tata Digital appoints Naveen Tahilyani as CEO, replacing Pratik Pal

Naveen Tahilyani is currently the CEO and MD of Tata AIA Life Insurance. He will assume the CEO role at Tata Digital on February 19. Sources said he was handpicked by Tata Sons chairman N Chandrasekaran after having demonstrated good execution in the insurance, banking and asset management business of the group. ....

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