SoftBank Corp. and Coupang have announced a definitive agreement under which a subsidiary of SoftBank will invest $1 billion in Coupang, the largest and fastest growing standalone ecommerce player in Korea.
The survey found that 76% of Canadian consumers who made an online purchase from a U.S.-based retailer within the last six months, as well as 63% of U.S. online shoppers, identified shipping costs as very important; while 44% and 32%, respectively, said it was the single most important factor.
Dutch firm TNT Express reported an operating loss and lower comparable revenues for Q1 and said it faced a challenging 2015 ahead of the FedEx acquisition.
UNIQLO is the first international clothing brand on JD.com’s marketplace platform to warehouse its merchandise in the company’s facilities, which will enable customers in eligible areas to take advantage of JD.com’s same- and next-day delivery service.