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The DOJ brought its search monopoly complaint against Google under the first Trump administration, and JD Vance said the company should be broken up in July. Trump favors fewer content restrictions while also weakening Section 230 of the Communications Decency Act, which protects platforms from being held responsible for their users’ speech.

More than half (51%) of US consumers say they can’t pay off their entire balance and accrue interest each month, according to a survey from JD Power. This is the highest level in years: 40% to 50% said the same between 2018 and 2022. The impact: Issuers need to be wary of rising delinquency rates. Wells Fargo’s 30+ day delinquency rate hit 2.70%, up from 2.39% the prior quarter.

It will need to do a better job of reaching the nearly half of brick-and-mortar pharmacy customers who say they have not heard of digital pharmacies, per JD Power’s 2024 US Pharmacy Study.

Wider adoption is helped by nearly every major Chinese ecommerce and social platform participating in live commerce, including Alibaba’s Tmall and Taobao, JD.com, Pinduoduo, and WeChat, along with short-video apps Douyin (TikTok’s sister app in China) and Kuaishou. Other mobile-first markets in Asia-Pacific hold promise for livestreaming ecommerce.

Trucks/SUVs were forecast to account for 78.6% of new-vehicle retail sales in August, per JD Power. Our take: Honda is flipping the script by working on charging infrastructure before ramping up EV sales, diverging from the industry norm of launching EVs first.

Amazon dominates in the US, but Mercado Libre is a major player in Latin America, and in China, Alibaba, JD.com, and Meituan contribute to ad inventory, our Worldwide Retail Media Ad Spending Forecast 2024 report noted. 5. Retail media will make up more than half of US search ad spend growth. Retail media will drive US search ad spend growth in the US in 2024 and beyond.

KEY STAT: Douyin’s retail ecommerce sales in China will grow by 60.0% in 2023, far surpassing growth rates seen by Alibaba, JD.com, and Pinduoduo. Executive Summary. Douyin will soon eclipse WeChat in users. By the end of 2025, Douyin will have 877.1 million monthly users to WeChat’s 865.9 million (note that our forecast counts users with multiple accounts as one user only).

The news: Pinduoduo owner PDD’s Q4 revenues grew 46% year-over-year (YoY) to 39.82 billion yuan ($5.79 billion)—far outpacing rivals JD.com and Alibaba. However, that result fell short of Refinitiv estimated revenues of 41.01 billion yuan ($5.96 billion).

In particular, the retailer’s embrace of newer marketplaces like Douyin show how sharply momentum has shifted away from previously dominant players Alibaba and JD.com. Douyin’s gross merchandise volume (GMV) grew by 46% year over year (YoY) in the 12 months ended July 2024, according to Wei Wenwen, the short-video platform’s president of ecommerce.

Card-linked plans also enjoy higher satisfaction rates, according to a March JD Power study. American Express, Chase, and Citi landed the top three rankings for installment plan satisfaction; Sezzle, Afterpay, and Affirm earned the lowest scores.

To satiate this intense consumer demand, Alibaba, Baidu, and JD.com are already working on several new AI products, while rumors abound about systems being developed by other Chinese tech giants like Tencent and ByteDance. Regulation has held the market back but may position it for robust future growth.

The DOJ brought its search monopoly complaint against Google under the first Trump administration, and JD Vance said the company should be broken up in July. Trump favors fewer content restrictions while also weakening Section 230 of the Communications Decency Act, which protects platforms from being held responsible for their users’ speech.

ByteDance, Microsoft, and Tencent crossed the $10 billion threshold already, and Kuaishou, Apple, JD.com, and Baidu will join the ranks over the next year or two. By contrast, no platform that primarily features connected TV, entertainment, news, arts and culture, ratings services, or digital audio is anywhere close to that level.

No other market in the world comes close to China when it comes to ecommerce. Its highly competitive digital market has spurred retail innovations that are making their way around the world.

But they do have a very deep-pocketed parent that made very rapid inroads in China with Pinduoduo taking on the big two, JD.com and Alibaba, and it's now up there with them. It actually sells more than JD.com or is on track to very soon. Sara Lebow:. Yeah. Temu is the American arm of Pinduoduo. Yeah. Sky Canaves:. It's a sister app. Yeah. Sara Lebow:. The American sister app of Pinduoduo.