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eBay has officially rejected GameStop's acquisition proposal, stating that the proposal is not credible and lacks appeal. eBay confirmed that it will continue to pursue its strategic plans as an independent publicly traded company. This event has sparked widespread market interest regarding eBay's future direction and potential acquisition opportunities.
TikTok Shop has officially launched the 'Image-Text Cart' feature in the US, allowing merchants to attach a shopping cart by simply posting product images. This feature lowers content creation barriers and provides merchants with a fourth conversion channel besides live streaming and short videos, suitable for new product testing and targeted marketing.
Amazon Business has launched a new AI assistant named Quick, aimed at optimizing the procurement process for businesses through artificial intelligence technology to enhance purchasing efficiency and decision accuracy.
At the Summer Davos Forum, cross-border payment platform XTransfer highlighted that SMEs, leveraging their asset-light model and flexible market adaptability, are becoming a stabilizing force amid global trade turbulence.
Fintech platform Mosta has launched the MainUSD stablecoin aimed at providing a more efficient global cross-border settlement solution for enterprise clients and AI agent payment workflows, supporting multi-blockchain settlements.
Chinese automotive smart diagnostic equipment manufacturer Autel Technology has once again submitted an IPO application to the Hong Kong Stock Exchange. The company has maintained a leading position in the Amazon auto parts category, with a non-GAAP net profit growth of over 40% year-on-year in Q1 2026.
Data from the Australian Bureau of Statistics indicates that despite weak consumer confidence, national retail sales in May still grew by 5.8% year-on-year, with clothing, footwear, and food services performing exceptionally well, providing a promotional window for cross-border sellers.
Chinese outbound brand Sweetcrispy's multifunctional beach chair has achieved sales exceeding $400,000 in TikTok Shop's US market through short video marketing, topping the furniture category.
The Amazon Leo satellite project has launched sufficient satellites to provide commercial high-speed internet service. This service aims to go live later this year, directly competing with SpaceX’s Starlink, with potential to improve logistics tracking and digital operations for cross-border e-commerce in remote areas globally.
Treasure Global has successfully obtained Canadian MSB registration, which will provide compliant financial services such as cross-border payments and currency exchange for its Oxi Wallet platform. This progress will aid the company's expansion of digital financial business in the Asia-Pacific and global markets.
XTransfer, representing cross-border B2B payment platforms, attended the Summer Davos Forum and became a member of the World Economic Forum. The meeting focused on compliance challenges in cross-border payments and the adaptability of SMEs in a complex global trade environment.
The Indonesian legislature plans to inquire about the freezing of funds belonging to numerous small and micro enterprises on TikTok Shop. This incident involves significant amounts of money and has raised local concerns regarding platform compliance and seller rights protection.
Walmart has reached an innovative power supply agreement with Constellation to procure 176 megawatts of nuclear energy. This marks Walmart's first attempt in the retail sector to utilize nuclear energy, aiming to enhance the green sustainability of its supply chain through energy diversification.
TikTok Shop collaborates with Malaysia's Ministry of Domestic Trade to implement measures such as shipping subsidies and discounts, aimed at alleviating local consumers' cost of living pressures and supporting local SMEs.
The eBay Foundation has appointed Priya Suri as a new board member to leverage her expertise in human resources and talent strategy to further drive community impact initiatives.
XTransfer officially became a member of the World Economic Forum and discussed compliance challenges in cross-border payments and global trade trends at the Summer Davos Forum. The founder pointed out that SMEs demonstrate stronger market adaptability under current geopolitical risks due to their light asset models.
Walmart announced an innovative nuclear power supply agreement with Constellation, involving 176 megawatts of power. This is the first such agreement in the retail industry, demonstrating Walmart's strategic layout in sustainable energy transformation and reducing long-term operational costs.
GameStop CEO Ryan Cohen has decided to forgo his performance pay package to concentrate on acquiring eBay. Although eBay previously rejected the acquisition proposal, GameStop has reiterated its acquisition intent, indicating a competitive struggle over the future e-commerce landscape.
XTransfer, the first Chinese B2B cross-border payment institution member, attended the Summer Davos Forum. CEO Deng Guobiao pointed out that despite increased geopolitical risks, SMEs demonstrate greater market adaptability with asset-light models. This reflects the cross-border payment industry's deep concern for compliance and digital transformation.
Walmart announced a 176 MW nuclear power agreement with Constellation, marking the first of its kind in the retail industry. This move demonstrates Walmart's long-term commitment to sustainability and stable energy supply, which may impact its supply chain operational costs and ESG ratings.