Amazon fined again in Italy: The ecommerce giant faces a $1.3B fine for forcing sellers to use its logistics services—underscoring a pattern that could lead to heightened regulator reprisal.
Single’s Day—China’s annual shopping extravaganza in November—is the world’s biggest shopping event, with an estimated RMB 965.1 billion ($139.83 billion) in sales in 2021, according to the China e-Business Research Center. It is also changing the way consumers shop by showcasing new retail concepts such as the metaverse, nonfungible tokens, sustainability, and agile commerce.