Online shoppers in Australia could face a 250 percent price hike when buying bargain goods from overseas if the big retailers win the fight to lower the GST threshold.
But booksellers say the consumer advocacy group Choice's claims are "nonsense".
In a submission to the Abbott government's tax white paper, Choice says the potential price impact of reducing or abolishing the "low value" GST threshold is "massive".
Business is booming in Brazil for Alibaba's AliExpress.
Despite the language barrier, long shipping times, and payment inconveniences, more and more Brazilians have been drawn to AliExpress due to the high cost of many items in Brazil. Even with import duties, which is higher than 60 percent, many products, including clothes and luggage, are cheaper on AliExpress by up to two-thirds, according to China Daily.
China's Alibaba is interested in doing business in Latin America, particularly in Mexico, Brazil and Argentina, the e-commerce company said in Mexico City over the weekend.
Chinese consumers are eager to obtain Latin American products, especially fresh produce such as Mexico's avocado, said Sherri Wu, head of Alibaba's International E-commerce Business Development for the Americas.
The need for "exotic" foodstuff in China comes from a growing middle class, which are more interested in quality goods from abroad.
Cartier-owner Richemont has invited luxury arch-rivals LVMH and Kering among other peers to invest in the newly combined Yoox/Net-a-Porter online fashion retailer, the Swiss group said last week.
Richemont agreed in March to sell its upmarket internet retailer Net-a-Porter (NAP) to Italy's Yoox in an all-share deal that created an industry leader in the booming online luxury market, with combined sales of EUR1.3 billion (USD1.4 billion).
Reliance Retail will roll out a B2B digital marketplace which will enable kiranas to transact online, said Mukesh Ambani, managing director of Reliance Industries, at the Reliance Industries' 41st annual general meeting on Friday.
"We are rolling out Reliance Digital Marketplace platform to enable millions of small retailers and provide them with enhanced supplier base and product range, better supply chain productivity, digital payment capability, connectivity to customers and credit capability," Ambani said.
Chinese e-commerce titan Alibaba Group Holding Ltd does not want to fight for US market share but instead hopes to help small US businesses sell more goods in China, Executive Chairman Jack Ma said.
The vast bulk of Alibaba's revenue comes from its dominant domestic online marketplaces, but the company has been investing aggressively in a range of sectors abroad.
Japan's SoftBank Corp. will invest USD1 billion in Korea's largest online retailer Coupang, the mobile phone carrier said on Wednesday.
Leading Chinese smartphone maker Xiaomi has launched an online accessory store in the United States and major European countries as it expands into lucrative Western markets.
Xiaomi launched mi.com in France, Britain and Germany on Tuesday, it said in a statement. The store went online in the United States on Monday, it added.
Xiaomi, which was only founded in 2010 by entrepreneur Lei Jun, has excelled in China's cut-throat smartphone market by delivering high-performance products at low prices.
An online storm is gathering around National Australia Bank, with businesses blaming thousands of dollars in lost sales on instability plaguing its secure credit card payment system.
NAB on Tuesday issued a statement to its NAB Transact customers noting there had been "ongoing" issues with the system over the month of May, including "log-in issues, time-outs and/or slow performance". Merchants reported a system outage had occurred around lunchtime on Tuesday.
Amazon became the largest internet retailer in the US by selling millions of other manufacturer's items – now, it's expanding its own.
Amazon previously introduced its Elements brand of products last year, featuring everyday essentials available for Prime subscribers. But now the e-commerce giant is expanding its brand to include food staples, such as milk and cereal, and household products, according to sources cited by The Wall Street Journal.