News digest 29.08.2022

News digest 29.08.2022

Amazon Care shuts down because of ‘not a complete enough offering’ for corporate customers

Source

Amazon Care is a hybrid virtual and in-home primary care service that launched in 2019. Amazon will stop offering its Amazon Care primary health-care services at the end of this year, according to an internal memo, after determining that it wasn’t “the right long-term solution for our enterprise customers.” Amazon says the decision impacts only Amazon Care, and not its other health-care initiatives.

For Beauty, D2C Apparel apps, mobile engagement is already past holiday shopping highs

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Beauty Retail and Direct-to-Consumer (D2C) Apparel apps are driving more daily active users (DAU) in the last 30 days than during the peak of 2021 holiday shopping. Daily users engaging with D2C Apparel apps have increased 5% from December 2021, and 2% for Beauty Retail apps.

Meta apps considered shopping destination for 65% of social app users

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Social commerce is still in its infancy, but Meta appears to be in a strong position to dominate the market not least because of its apps WhatsApp and Instagram. A new report from SimplicityDX, the mCommerce experts, shows that three out of the four most widely used social media platforms are owned by Meta – Facebook, WhatsApp and Instagram.

Microsoft is putting more ads in Outlook on iOS and Android

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Microsoft has started putting more ads in Outlook mobile for iOS and Android in recent months. The Outlook mobile app gives users two options for organizing their inbox: a single inbox with everything in it or a tabbed inbox split into two categories — “focused” with important mail and “Other” with all the rest. Previously, Microsoft only put ads in the “Other” tab for free users, but it’s now adding them to the single-inbox mode, too.

Ikea bets on China with $772 million investment

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Ingka Group, the parent group of Swedish home furnishing giant Ikea, will invest 5.3 billion yuan (RM3.5bil) in China in the fiscal year 2023. The investment will be used for further business digitalization, construction of new stores and shopping malls and integration of multiple distribution channels, CEO and president of Ikea China Anna Pawlak Kuliga told a press conference yesterday.

Singapore Considers More Tightening for Retail Crypto

Source

The Monetary Authority Singapore is considering tightening crypto rules for retail investors by «adding friction» to mass access, according to managing director Ravi Menon in a speech published online. This includes the possible addition of suitability tests as well as restrictions on the use of leverage and credit.

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