News digest 21.06.2021

AMAZON AND ALIBABA RACE TO RECRUIT VIETNAMESE MERCHANTS

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Two global giants are racing to recruit more Vietnamese vendors on their platforms seeking to boost their share of a booming e-commerce market.
Alibaba plans to have over 10000 Vietnamese enterprises selling on its platform by 2025. Amazon in turn opened a new office in Hanoi in March.

AMAZON DEFLECTS RESPONSIBILITY ON FAKE REVIEWS

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The company admits, however, that 200 million 'suspected fake’ reviews were blocked last year Amazon recognizes the problem of multiple fake product reviews, but has not yet taken any concrete action to combat it.

ALIBABA FALLS VICTIM TO DATA LEAK

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The company employee has been collecting confidential information about users of the platform since November 2019.
Alibaba claims that customer data was not sold to third parties.

THE GLOBAL ADVERTISING MARKET WILL GROW BY 19% BY THE END OF THE YEAR

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Analysts linked the indicators to the characteristics of the market during the pandemic: application ecosystems have expanded, the number of small businesses has grown, and cross-border media markets involving manufacturers have increased their influence.
Ad revenue is expected to be 15% higher than in 2019. GroupM estimates that the decline was 3.5% in 2020. The group also predicts continued growth in the future.

DISNEY+ HAS NO PLANS FOR AD-SUPPORTED OPTION

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Today many streaming services in one form or another implement the advertising model — Hulu, HBO Max and Sling TV.
However, Disney Plush has no plans to launch cheap subscriptions with broadcast ads yet. Recently, the service's subscriber base exceeded 100 million.

US INTERNAL REVENUE SERVICE SPOTTED ILLICIT BITCOIN TRADING IN TELEGRAM

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According to the IRS, secret chats in Telegram have become the main way for cybercriminals to get rid of "dirty" money.
In the messenger, cryptocurrency transactions are so often performed that it takes only a few minutes to reach the total amount of transfers of $150 thousand.

INDIA IS TO EXPEDITE AMAZON AND FLIPKART ANTITRUST PROBE

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According to the Competition Commission of India (CCI), Amazon and Flipkart promote selected sellers on their platforms. In January last year, the court dismissed the claim.
Large firms continue to influence the economy and Indian startups, so CCI plans to reopen and speed up the investigation.

AMAZON IS BLOCKING GOOGLE FLOC

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Most Amazon resources block the FLoC tracking system and prevent Google from collecting data that reflects the interests of users.
According to experts, there may be several reasons for this. First of all, Amazon wants to protect its intellectual property.

THAILAND BANS MEME COINS AND NFT TOKEN TRADING

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The Securities and Exchange Commission of Thailand (SEC) has introduced new bans as part of its anti-cryptocurrency program. Exchanges must adjust their work to these rules within 30 days.
Trading in meme coins, including Dogecoin, fan tokens, as well as art objects representing NFT tokens, is prohibited.

AMAZON WILL OVERTAKE WALMART AS THE LARGEST U.S. RETAILER IN 2022

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Amazon is growing faster than its main competitor in retail, analysts say. Amazon's total turnover in 2020 increased by 41% to $316 billion, while Walmart's grew by 10% year-on-year to $439 billion .

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