In a move aimed at improving accessibility to affordable insulin and diabetes medications, Amazon announced on Tuesday that its online pharmacy will now automatically apply manufacturer-sponsored coupons to over 15 insulin and diabetes drugs. This will eliminate the need for patients using Amazon Pharmacy to manually search for and enter coupons from industry giants Novo …
At the World Artificial Intelligence Conference (WAIC) in Shanghai, China on July 6, 2023, the Alibaba Group sign was prominently displayed. The presence of the Chinese e-commerce giant continues to make waves in the industry. According to Refinitiv data, Alibaba reported a significant 14% year-over-year revenue growth in the quarter ended June 30. This marks …
Amazon exceeded expectations in terms of sales growth and profit, attributing its success to faster and more affordable delivery services and the resolution of cloud-computing challenges. This led to a significant increase in Amazon’s stock market value, surging by over 7% in after-hours trading. Despite the numerous obstacles faced by Amazon, the company remains committed …
Amazon announced on Monday that it achieved record delivery speeds in the US during the second quarter, while also making efforts to reduce costs. As the company prepares to report its Q2 financials on Thursday, investors are particularly interested in signs of growth in Amazon’s e-commerce business. Additionally, they seek updates on the performance of …
Sean “Diddy” Combs is leading the charge in strengthening the Black dollar with the launch of Empower Global, an innovative online marketplace that exclusively features Black-owned businesses. Inspired by the Greenwood community in Tulsa, Oklahoma, which was tragically decimated in a two-day attack by a white mob in 1921, Combs aims to create a modern-day …
The CEO of Dukaan, an e-commerce company based in India, made the decision to dismiss 90% of his customer support team after an artificial intelligence-powered chatbot outperformed them. The chatbot drastically reduced response times from over two hours to minutes, leading to significant cost savings for the company. Suumit Shah, the 31-year-old founder and CEO …
Apple has officially launched a WeChat Mini Program in China to sell its products, an ingenious move considering the popularity of WeChat as China’s largest messaging app operated by Tencent. This strategic expansion of retail channels demonstrates Apple’s commitment to one of its most crucial markets. With over 1.2 billion users, WeChat is not just …
Jenny Craig, the weight loss giant that recently declared bankruptcy and announced its closure, has surprised everyone by announcing some “big news” on its website: “Jenny Craig will be coming to your home this fall.” This exciting development is made possible by Wellful, the owner of Nutrisystem, which acquired the Jenny Craig brand. MarketWatch reports …
Alibaba’s Freshippo, also known as Hema, supermarkets have gained popularity for their exceptional selection of fresh seafood. Now, Alibaba has ambitious plans to take Freshippo public and expand its presence. Image credit: Costfoto | Future Publishing | Getty Images Alibaba’s grocery unit Freshippo is expanding its physical store footprint in China, as the company prepares …
On June 29, 2023, Overstock.com CEO Jonathan Johnson unveiled a major change for the company. Following its acquisition of Bed Bath & Beyond’s intellectual property and digital assets through a bankruptcy auction, Overstock.com announced that it would be rebranding its website as Bed Bath & Beyond. As a result of this news, Overstock.com’s shares experienced …