Phoebe Gates knew Phia shopping app took credit for sales it didn’t drive
Phia co-founders Phoebe Gates and Sophia Kianni pushed for features in the e-commerce startup's software that took credit for sales it didn't drive, according to internal communications and people with knowledge of the matter.
Services sector revenue up 11.2% to RM714.7bil in 2Q 2026 - DOSM
KUALA LUMPUR: The services sector expanded by 11.2 per cent year-on-year (y-o-y) in the second quarter of 2026 (2Q 2026), with revenue reaching RM714.7 billion, according to the Department of Statistics Malaysia (DOSM).
Shein plans to launch Hong Kong IPO as soon as August 19, sources say
HONG KONG: Online fast-fashion retailer Shein is planning to launch its Hong Kong initial public offering as soon as Wednesday of next week, two people with knowledge of the matter said on Tuesday.
Shein targets US$30bil to US$40bil Hong Kong IPO valuation this month, sources say
LONDON/HONG KONG: Shein is aiming for a $30 billion to $40 billion valuation in a Hong Kong initial public offering (IPO) that the online fast-fashion retailer plans to launch as early as mid-August, three sources familiar with the matter said.
Detailed study needed to assess anti-competitive practices on e-commerce platforms
KUALA LUMPUR: Low prices for goods offered on e-commerce platforms cannot be directly considered as predatory pricing or anti-competitive practices, said Deputy Minister in the Prime Minister's Department (Religious Affairs) Senator Marhamah Rosli.
Why digital asset fraud victims won’t sue
A GUY placed an order for supplies on a foreign website and paid for them in bitcoins.
Safeguards in pipeline for e-commerce
CHINA proposed amendments on Saturday to its e-commerce law that would, for the first time, build a solid legal basis for taking reciprocal countermeasures against foreign entities that impose discriminatory restrictions on Chinese e-commerce companies.
TNG Digital launches ASB financing in TNG eWallet, in collaboration with CIMB
KUALA LUMPUR: TNG Digital Sdn Bhd, the operator of the TNG eWallet, has launched its first Islamic financing offering, ASB Financing, in collaboration with CIMB.
Amazon puts Alexa inside the shopping search bar in AI push
Artificial intelligence algorithms are coming to some of the most valuable real estate in retail: the Amazon.com Inc search bar.
Services sector up 8.1% in 1Q2026, with revenue reaching RM682bil
KUALA LUMPUR: The services sector expanded by 8.1 per cent year-on-year (y-o-y) in the first quarter (1Q) of 2026, with revenue reaching RM682 billion, according to the Department of Statistics Malaysia (DOSM).
