Temu stops shipping products from China to the U.S.

Temu stops shipping products from China to the U.S.

Chinese retailer Temu has shifted strategy in the face of U.S. tariffs. Through executive order, President Donald Trump has ended the so-called de minimis rule, which allowed goods worth $800 or less to enter the country without tariffs. He’s also increasing tariffs on Chinese goods by more than 100%, forcing both Chinese companies like Shein…

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Instacart acquires Wynshop to provide tools for grocers and retailers

Instacart acquires Wynshop to provide tools for grocers and retailers

Grocery-delivery giant Instacart announced Thursday the acquisition of Wynshop, a provider of cloud-based e-commerce solutions for grocers. The deal will help Instacart improve its enterprise solutions, enabling retailers to enhance their online experiences. The company didn’t disclose deal terms.  Wynshop launched its platform in 2020 and provides online storefronts for grocers, working with clients such…

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OmniRetail shakes up Africa’s B2B e-commerce market with M Series A

OmniRetail shakes up Africa’s B2B e-commerce market with $20M Series A

When Deepankar Rustagi last raised money for OmniRetail in 2022, excitement was high for African startups addressing the supply chain and operational challenges in the fast-moving consumer goods (FMCG) sector. At one point, these startups received more capital than all sectors, except fintech. Recently, though, the industry’s enthusiasm and venture capital’s interest have faded, as…

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Mystery will may reveal Zappos founder’s final wishes

Mystery will may reveal Zappos founder’s final wishes

According to the WSJ, a recently discovered will suggests late Zappos co-founder Tony Hsieh had concrete plans for his fortune despite previous beliefs that he died without leaving instructions for an estate that’s estimated to be worth $1.2 billion. Among other things, the document, signed in 2015 and included in a recent court filing, contains…

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Flipkart to relocate HQ to India ahead of IPO

Flipkart to relocate HQ to India ahead of IPO

Flipkart, the Walmart-owned Indian e-commerce startup that closely fights Amazon in the South Asian market, is preparing to shift its headquarters back to India from Singapore as the company prepares to file for an IPO on Indian stock exchanges. On Monday, Flipkart said the move “represents a natural evolution, aligning our holding structure with our…

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