online retail

Amazon Shutting Down Unprofitable Quidsi Unit

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Amazon on Wednesday confirmed that it is shutting down its Quidsi unit, which runs websites Diapers.com and Soap.com, due to a persistent lack of profitability there. Quidsi was an Amazon rival in the US before the online retail made a $545 million deal in late 2010 to buy the startup. “We have worked extremely hard … Read more

Expectations From 3rd World Internet Conference

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Photo taken on Nov. 14, 2016 shows a night scene in Wuzhen Township of Tongxiang City, east China’s Zhejiang Province. The third World Internet Conference (WIC) is scheduled from Nov. 16 to 18 in Wuzhen. (Xinhua/Huang Zongzhi) The third World Internet Conference (WIC), to be held in Wuzhen between Nov. 16 and Nov. 18, will … Read more