TikTok’s ambition to expand in online shopping is facing a major blow from new rules in Indonesia that are set to curb its operations in its biggest e-commerce market.

Cainiao Smart Logistics Network Ltd., the logistics arm of Alibaba Group Holding Ltd., has filed for its Hong Kong initial public offering, potentially making it among the first of the Chinese e-commerce leader’s units to go public.

British online fashion retailer Asos reported a 15 percent fall in fourth-quarter sales and forecast earnings around the bottom of its guided range but said it was making progress with its turnaround plan.

Following its successful Super Bowl ad with the actress, the brand is expanding its partnership with the “White Lotus” star.

Discount e-commerce is set to dominate globally during the critical upcoming holiday shopping season in the West and Singles’ Day in China, analysts said.

Coty has submitted an application for dual listing of its shares on the Paris Stock Exchange, the company said on Monday, as the CoverGirl cosmetics parent looks to tap into European investor interest.

EU antitrust regulators will decide by Oct. 20 whether to clear luxury e-commerce company Farfetch’s acquisition of a stake in online fashion retailer YOOX Net-A-Porter (YNAP) from Richemont, a European Commission filing showed.

The company has brought on BNP Paribas and Citigroup to work on the deal and is considering raising fresh capital from the listing, the report said.