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A look at stablecoin-powered neobanks like Rizon and Dakota that are offering dollar-denominated digital banking services to customers worldwide (Emily Mason/Bloomberg)

Emily Mason / Bloomberg : A look at stablecoin-powered neobanks like Rizon and Dakota that are offering dollar-denominated digital bankin...

6 December 2023

Amazon plans to cut seller fees on clothing items under $15 to 5% in January 2024 and $15 to $20 items to 10%, down from 17%, in a bid to compete with Shein (Spencer Soper/Bloomberg)

Spencer Soper / Bloomberg:
Amazon plans to cut seller fees on clothing items under $15 to 5% in January 2024 and $15 to $20 items to 10%, down from 17%, in a bid to compete with Shein  —  Amazon.com Inc. is sharply cutting fees for merchants selling clothing priced below $20, a sign it's hunkering down for a price war with Chinese fast-fashion upstart Shein.

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