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Industry News

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Walmart Executive Emphasizes That AI Will Empower Employees Rather Than Eliminate Jobs

Amid industry concerns that AI will lead to layoffs, Walmart has made clear that its AI strategy is focused on improving employee productivity rather than replacing workers. The company is using internal training and tool development to involve frontline employees in AI applications and optimize supply chain and design processes.

Industry NewsGolocalprov

Mastercard and Visa Suspend Transactions in Cuba

Mastercard and Visa have suspended transaction services in Cuba due to U.S. government policy. The financial sanctions directly affect payment settlement for cross-border businesses operating there, reminding sellers to closely monitor geopolitical risks when expanding globally.

Industry NewsReuters

Amazon and Corning Reach Multibillion-Dollar Agreement to Expand U.S. Fiber Manufacturing

Amazon and specialty glassmaker Corning have signed a multiyear, multibillion-dollar agreement to increase U.S. production capacity for optical fiber and data-center connectivity products. The cooperation will expand Corning’s North Carolina facility and establish workforce training programs to support Amazon’s growing AI data-center infrastructure needs.

Industry NewsReuters

UK Regulator Launches Formal Investigation into eBay’s Acquisition of Depop

The UK Competition and Markets Authority has formally opened an investigation into eBay’s $1.2 billion acquisition of fashion resale platform Depop. The first-stage investigation is expected to conclude on August 6, when the regulator will decide whether to conduct a deeper review.

Industry NewsReuters

U.K. Regulator Formally Reviews eBay’s Acquisition of Depop

The U.K. Competition and Markets Authority (CMA) has launched a formal review of eBay’s $1.2 billion acquisition of fashion resale platform Depop. The regulator will assess whether the deal could weaken competition in the U.K. secondhand clothing market. The first phase of the investigation is expected to end on August 6, when the CMA will decide whether to approve the deal or investigate further.

Industry NewsWmbd

U.K. Regulator Formally Reviews eBay’s Acquisition of Depop

The U.K. Competition and Markets Authority (CMA) has launched a formal review of eBay’s $1.2 billion acquisition of secondhand fashion platform Depop. The deal is intended to help eBay attract younger consumers and strengthen its position in the secondhand clothing market. The regulator will complete the first phase of its investigation by August 6 to decide whether to approve the deal or investigate further.

Industry NewsReuters

UK Regulator Opens Antitrust Probe into eBay’s Acquisition of Depop

The UK competition regulator has formally launched an antitrust investigation into eBay’s $1.2 billion acquisition of fashion resale platform Depop. The review will assess whether the deal could weaken competition in the secondhand fashion market and may significantly affect eBay’s global secondhand ecommerce expansion strategy.

Industry NewsThefintechglobal

Bank of America Expands into Instant Cross-Border Payments

Bank of America is actively developing instant cross-border payment services to connect global real-time payment networks and provide more efficient international settlement for e-commerce platforms and the gig economy.

Industry NewsMorningstar

Asia’s Leading Hardware Sourcing Fair CIHS 2026 to Take Place in Shanghai

The 23rd China International Hardware Show (CIHS 2026) will be held in Shanghai in September 2026. The event will focus on smart manufacturing, green supply chains, and cross-border ecommerce, providing global hardware companies with a platform to enter China and expand internationally.

Industry NewsChinanews

Sixth China Cross-Border E-Commerce Expo Opens in Xiamen, Focusing on Industry Coordination and Compliant Global Expansion

The sixth China Cross-Border E-Commerce Expo opened in Xiamen, bringing together nearly 1,000 factories and multiple major platforms. The event issued an initiative for high-quality industry development, emphasizing compliance, branding, and digital-intelligent transformation, while Amazon and other platforms provided end-to-end global expansion guidance.

Industry NewsNbd

Xiaohongshu Makes World Cup a Top-Level App Entry Point

Xiaohongshu has made the World Cup a top-level entry point in its app to use sports-event traffic to drive content consumption and e-commerce conversion. The move underscores the platform’s focus on event marketing and could create traffic opportunities for related categories.

Industry NewsCronista

Walmart Confirms Renovations at 650 Stores and Changes to Self-Checkout Layouts

Walmart announced plans to carry out major renovations at 650 stores across the United States in 2026. Some stores will remove self-checkout lanes and restore staffed registers, while others will expand the use of AI scanning tools to balance shopping efficiency and loss prevention.