rocket-internet-thailand

Here are today’s most news worthy ecommerce headlines.

1. Rocket Internet says it lost $682m so far this year

More financial earning reports from Rocket:

The earnings statement touts several achievements, such as improving profit margins and net revenue, bragging that selected companies have reached record revenue in the year so far.

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2. Singapore becomes a test bed for Citi Pay e-wallet

Entering the already crowded e-wallet marketplace is Citi with the official launch of Citi Pay, a digital wallet developed by the bank. It says Singapore is the first country in the world to have Citi customers have access to its new e-wallet facilities.

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3. New study encourages Amazon restrictions

Within the company, the report claims that Amazon is driving down wages of manufacturing and delivery jobs with a long-term goal of automating thousands of positions. And the company is doing this while taking millions in public subsidies to build warehouses around the country.

Read the rest of the story here

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