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BigCommerce Development Company: How They are Disrupting E-commerce

How Africa-based Chinese influencers who post racist videos about Africans on apps like Douyin are making fortunes from China's livestream e-commerce industry (Viola Zhou/Rest of World)

Sources: TikTok abandons plans to expand its TikTok Shop live e-commerce tools to Europe and the US, following internal problems and a lack of traction (Cristina Criddle/Financial Times)

London-based Shop Circle, which offers merchants a one-stop shop for e-commerce software, emerges from stealth with $65M in funding led by NFX and QED Investors (Christine Hall/TechCrunch)

Naspers subsidiary Prosus sold 131.8M shares in JD.com, a ~4% stake worth $4B+, saying the e-commerce company "does not form part of [its] core strategic focus" (Bloomberg)

How TikTok is cashing in on its exploding popularity; Source: TikTok plans to grow its e-commerce gross merchandise volume to $2B this year and $23B in 2023 (Zheping Huang/Bloomberg)

Some UK creators say they abandoned TikTok Shop's e-commerce program due to poor pay, long hours, and having to take flak for limited stock and shipping issues (Cristina Criddle/Financial Times)

Roku unveils an e-commerce deal with Walmart, allowing TV viewers to use remotes to shop during commercials and check out with Roku Pay; stock up 4% after hours (Etan Vlessing/Hollywood Reporter)

Pakistan-based Dastgyr, which is building an e-commerce service, raised a $37M Series A, the country's largest-ever, led by telecom Veon's venture arm (Faseeh Mangi/Bloomberg)

All three of China's top livestreaming influencers on Taobao have gone dark in recent months amid increasing government scrutiny on e-commerce livestreaming (Zeyi Yang/MIT Technology Review)

Sweden-based Juni, which provides financial management services to e-commerce businesses, raises $100M in equity and $106M in debt in a Series B (Dan Taylor/Tech.eu)

Source: Brazilian e-commerce startup Vtex, which has an $820M market cap, cut ~200 jobs, ~13% of its workforce; Mexican crypto exchange Bitso laid off 80+ staff (Bloomberg Línea)