
E-commerce Platform Wildberries Pilots Its Own Taxi Service
The issuer is solely responsible for the content of this announcement.
About Wildberries
Established in 2004 in Russia, Wildberries is a leading e-commerce platform operating in Armenia, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan, while also partnering with sellers in China and the UAE. Wildberries provides a state-of-the-art IT infrastructure to support customers and sellers, along with a developed logistics network spanning more than 135 facilities and 83,000 pick-up points across its markets. As of 2025, Wildberries serves over 79 million customers and processes more than 20 million orders per day.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Free Malaysia Today
11 hours ago
- Free Malaysia Today
US end of parcel tax relief threatens eBay, Etsy trade
Duty-free access for low-value parcels from China and Hong Kong ended in May, disrupting ecommerce flows for online retailers like Shein and Temu. (EPA Images pic) NEW YORK : Americans shopping for secondhand, vintage or handmade items on platforms like eBay and Etsy face steep customs duties on international purchases next month, potentially hurting trade on those peer-to-peer sites. In a surprise move late on Wednesday, US President Donald Trump ordered the removal of 'de minimis' duty-free treatment on parcels under US$800 from all countries, starting Aug 29 – bringing forward a change previously set for July 2027. The acceleration follows pressure from groups that argue the exemption facilitates fentanyl smuggling and has led to a flood of cheap products entering the US duty-free, undermining US retailers and manufacturers. Trump ended duty-free access for low-value parcels from China and Hong Kong at the start of May, disrupting ecommerce flows for online retailers like Shein and Temu. After asking for feedback on widening the removal of de minimis, some US businesses had spoken out against the policy. 'These exemptions are a powerful tool that helps small creators, artisans, and makers participate in and navigate cross-border trade,' Etsy's global head of public policy and advocacy Jeffrey Zubricki wrote in a submission to Customs and Border Protection in March. 'Many American Etsy sellers rely on de minimis to import and export products with key trading partners, sustaining their businesses and generating income to support their families.' The majority of Etsy's 5.6 million active sellers and nearly 90 million buyers are in the US. Etsy did not immediately respond to a request for comment on Thursday. eBay also urged the customs agency to reconsider, arguing that de minimis gives American consumers access to 'a global market to find value at lower prices, particularly for used goods and a unique, collectible inventory that is not available domestically'. In a results call on Wednesday, eBay CEO Jamie Iannone flagged the elimination of de minimis outside of China as a potential disruption that may impact revenue. eBay did not immediately respond to a request for comment. Goods shipped through the postal system will face one of two tariffs: either an 'ad valorem duty' equal to the effective tariff rate of the package's country of origin or, for six months, a specific tariff of US$80 to US$200 depending on the country of origin's tariff rate. It is the latest headache for small businesses grappling with hefty import tariffs imposed by Trump, driving up costs, forcing many to hike prices and fuelling concerns that Americans will be paying more for everyday goods. 'The complexity of doing business with the US has gone to levels nobody could have imagined,' said Andrew Wilson, deputy secretary general of the International Chamber of Commerce. He also questioned whether US authorities can handle the tariff collections, potentially leading to delays and backlogs. 'Is border trade equipped to manage the checks and duties collection? If not, what happens with customs backlogs? It's a huge additional burden from next month,' said Wilson.


Malay Mail
2 days ago
- Malay Mail
Amazon's AI boom boosts earnings by 35pc but outlook leaves Wall Street cold
SAN FRANCISCO, Aug 1 — Amazon reported a 35 per cent jump in quarterly profits Thursday as the e-commerce giant said major investments in artificial intelligence began paying off. But the Seattle-based company's profit outlook for the current quarter came in lower than hoped for, with investors worried that the cost of AI was weighing on the bottom line. Amazon's share price was trading about six per cent lower in after hours trading. This was despite a stellar second quarter that exceeded analyst expecations, much like it did for its AI focused rivals Google, Microsoft and Meta, which posted bumper results for the period. 'Our conviction that AI will change every customer experience is starting to play out,' said Chief Executive Andy Jassy, pointing to the company's expanded Alexa+ service and new AI shopping agents. Amazon posted net profit of US$18.2 billion (RM77.8 billion) for the second quarter that ended June 30, compared with US$13.5 billion in the same period last year. Net sales climbed 13 per cent to US$167.7 billion, beating analyst expectations and signaling that the company was surviving the impacts of the high-tariff trade policy under US President Donald Trump. 'There continues to be a lot of noise about the impact that tariffs will have on retail prices and consumption. Much of it thus far has been wrong and misreported,' Jassy told analysts. 'Curveballs' Amazon Web Services (AWS), the company's world leading cloud computing division, led the charge with sales jumping 17.5 per cent to US$30.9 billion. The unit's operating profit rose to US$10.2 billion from US$9.3 billion a year earlier. The strong AWS performance reflects surging demand for cloud infrastructure to power AI applications, a trend that has benefited major cloud providers as companies race to adopt generative AI technologies. But investors seemed worried about Amazon's big cash outlays to pursue its AI ambitions, sending its share price more than three per cent lower in after-hours trading. The company's free cash flow declined sharply to US$18.2 billion, down from US$53 billion in the same period last year, as Amazon ramped up capital spending on AI infrastructure and logistics. The company spent US$32.2 billion on property and equipment in the quarter, nearly double the US$17.6 billion spent a year earlier, reflecting massive investments in data centers and backroom capabilities. Amazon has pledged to spend up to US$100 billion this year, largely on AI-related investments for AWS. For the current quarter, Amazon forecast net sales between US$174.0 billion and US$179.5 billion, representing solid growth of 10-13 per cent compared with the third quarter of 2024. But operating profit was forecast in a wide range from US$15.5 billion to US$20.5 billion in the current third quarter, which was more cautious than some had hoped for. The caution indicates that 'there's still potential for curveballs from ongoing trade negotiations and accelerating competition on the AI front,' said Emarketer analyst Sky Canaves. — AFP


Free Malaysia Today
2 days ago
- Free Malaysia Today
US tech titan earnings rise on AI as economy roils
Amazon reported a 35% jump in quarterly profits as the e-commerce giant said major investments in AI technology are paying off. (AFP pic) SAN FRANCISCO : Tech giants Amazon, Apple, Meta and Microsoft this week eclipsed earnings expectations, cashing in on artificial intelligence (AI) while navigating economic waters roiled by US tariffs. 'Massive results seen by Microsoft and Meta further validate the use cases and unprecedented spending trajectory for the AI Revolution on both the enterprise and consumer fronts,' Wedbush tech analyst Dan Ives said in a note to investors. 'We have barely scratched the surface of this 4th Industrial Revolution now playing out around the world led by the Big Tech stalwarts such as Nvidia, Microsoft, Palantir, Meta, Alphabet, and Amazon,' Ives added. Amazon reported a 35% jump in quarterly profits as the e-commerce giant said major investments in AI technology are paying off. 'Our conviction that AI will change every customer experience is starting to play out,' said chief executive Andy Jassy, pointing to the company's expanded Alexa+ service and new AI shopping agents. However, the Seattle-based company's profit outlook for the current quarter came in lower than hoped for, with investors worried that the cost of AI was weighing on the bottom line. This was despite a stellar second quarter (Q2) that exceeded analyst expectations, much like it did for its AI-focused rivals Google, Microsoft and Meta, which posted bumper results for the period. Amazon's net sales climbed 13%, signaling that the company was so far surviving impacts of the high-tariff trade policy under US President Donald Trump. Amazon Web Services (AWS), the company's world-leading cloud computing division, led the charge with sales jumping 17.5% to US$30.9 billion. Its strong performance reflects surging demand for cloud infrastructure to power AI applications, a trend that has benefited major cloud providers as companies race to adopt generative AI technologies. US$4 trillion club Shares of Microsoft spiked yesterday following blowout quarterly results, lifting the tech giant into the previously unprecedented US$4 trillion club along with Nvidia, another AI standout. The landmark valuation is the latest sign of growing bullishness about an AI investment boom that market watchers believe is still in the early stages – even as companies like Microsoft plan US$100 billion or more in annual capital spending to add new capacity. 'Cloud and AI is the driving force of business transformation across every industry and sector,' said Microsoft CEO Satya Nadella. At the heart of the results was a stunning surge in Azure, the company's cloud computing platform, which is getting 'supercharged' with AI, said Angelo Zino, technology analyst at CFRA Research. Zino attributed 'just about all of' Microsoft's recent climb in valuation to AI. Superintelligence? Meta reported robust Q2 financial results Wednesday, with revenue jumping 22% year-over-year as the social media giant continues investing heavily in AI. 'We've had a strong quarter both in terms of our business and community,' said CEO Mark Zuckerberg. 'I'm excited to build personal superintelligence for everyone in the world.' Zuckerberg has embarked on a major AI spending spree, poaching top researchers with expensive pay packages from rivals like OpenAI and Apple as he builds a team to pursue what he calls AI superintelligence. Hours before the earnings report, Zuckerberg insisted that the attainment of superintelligence – technology that would theoretically be more powerful than the human brain – is now 'in sight'. Meanwhile Apple, which is seen as lagging in the AI race, beat expectations with earnings driven by strong iPhone sales despite US tariffs costing the company US$800 million in the recently-ended quarter. Apple expects Trump's tariffs to cost the iPhone maker US$1.1 billion in the current quarter. 'The results show that Apple's iPhone strategy is working to offset the impact of looming challenges with AI development timelines, tariff pressures, and Google's antitrust issues,' said Emarketer tech analyst Jacob Bourne. Apple chief executive Tim Cook said on an earnings call that taking the most advanced technologies and making them easy to use is 'at the heart of our AI strategy.' Cook said Apple has been rolling out Apple Intelligence AI features and is 'making good progress on a more personalised Siri'.