#1 | U.S. online sales to hit $143 billion this holiday season

US consumers have spent $50.1 billion online between November 1 and November 26 as retailers rolled out their Black Friday deals earlier than usual due to a shorter holiday shopping season. Companies wanted to avoid having delivery struggles like the ones in 2013. And according to Adobe Analytics, consumers could spend around $143 billion during the full holiday shopping season this year. Big shopping days like Thanksgiving, Black Friday, and Cyber Monday are all to see increases. Other notable trends include the further rise of mobile shoppers as well as growing use of “buy online, pickup in-store” shopping. Read more: https://tcrn.ch/2OUH1WZ

#2 | Uber’s London ban signals global backlash against the industry

London’s transport authorities banned Uber again citing customer safety concerns after it was revealed that the app could reportedly let drivers fake their identities. This is a sign of a growing global backlash against the ride-hailing industry. Uber is facing problems in the US due to a fatal roadside accident involving an autonomous vehicle and Lyft battles sexual assault cases in San Francisco. Chinese regulators are pressuring Didi over safety records as well. And as regulatory pressure intensifies, investors are running away. Both Uber and Lyft have seen their shares drop and companies are under pressure to solve challenges that hit at the core of their business model. Read more: http://bit.ly/2ORHVnb

#3 | Musk suggests Tesla received 250,000 pre-orders for Cybertruck

Tesla CEO Elon Musk has suggested that there have been 250,000 pre-orders for the Cybertruck pickup truck. The company is taking pre-orders for the vehicle for $100 each. Clearly, this doesn’t mean that the carmaker will sell 250,000 Cybertrucks as some customers might cancel their order and take a deposit back. And some analysts argue that these deposits aren’t typical “orders” as there’s no final commitment to purchase the vehicle. Also, the Cybertruck’s unveiling didn’t go as planned for Musk as armored glass windows of the vehicle were smashed after being hit by a metal ball. Read more: http://bit.ly/2L2W2VI

#4 | Toys R Us is back with its first new stores in the US

Toys R Us is opening two new stores as the company marks its return to bricks-and-mortar retail after bankruptcy shutdown. Tru Kids, the brand’s parent company, has teamed up with Target to relaunch Toys R Us’ website and provide interactive in-store shopping experience. The first store is to be opened this weekend in Paramus, New Jersey, and a second will open in early December at Simon Property Group’s The Galleria in Houston. The company plans to open 10 stores in 2020 and has teamed up with tech firm B8ta to explore the use of sensor technologies in monitoring and analyzing traffic patterns in shops. Read more: https://cnb.cx/2ssYdvp

#5 | Alibaba completes the world’s biggest stock offering this year

Chinese e-commerce giant Alibaba raised around $11.3 billion in its Hong Kong trading debut. The company’s stock offerings are also seen as a boost for the city amid fears that ongoing protests could slow down the local economic growth. Alibaba’s stock jumped more than six percent in opening moves with shares priced at HK$176 each in this year’s biggest IPO. The e-commerce giant had considered a Hong Kong IPO already in 2013. After failing to secure regulatory approval, however, it opted for New York instead. And the company has grown considerably since then with interests in multiple industries like retail, financial services, and artificial intelligence. Read more: https://bbc.in/34GXxR2

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