Tag: E-Commerce Discretionary

Online fast-fashion retailer Shein is planning to launch its ​Hong Kong initial public offering as soon as ‌Wednesday of next week, two people with knowledge of the matter said on Tuesday.

GameStop  CEO Ryan Cohen is considering withdrawing the company’s $56 billion ​bid for eBay in favor of ‌a commercial partnership, Bloomberg News reported on Monday, citing people familiar with the matter.

Shopify Inc. reported second-quarter results that exceeded analyst expectations on both revenue and earnings, sending shares up 26% premarket as the company delivered accelerating growth across key metrics.

Shein is aiming for a $30 billion to $40 billion valuation in a Hong Kong initial public offering (IPO) that the online fast-fashion retailer plans ‌to launch as early as mid-August, three sources familiar with the matter said.

Alibaba unveiled its latest and “most powerful” AI model Qwen3.8-Max on Monday as Chinese companies race to close the AI gap with the U.S..

Amazon’s cloud segment grew faster than analysts had predicted in the second quarter, with revenue increasing almost 37%, marking the strongest expansion since 2021.

Alibaba’s AliExpress was ​hit with a record €550 million ($629 million) fine from the European Union on Monday for failing to tackle sales ‌of illegal, unsafe and counterfeit products on its platform.

Shein’s ambitions for a valuation of up to $50 billion in its ​long-awaited Hong Kong IPO are likely to face a tough test from investors, as new fees on e-commerce parcels in Europe weigh on sales growth ‌and profits.

U.S.-listed shares in Chinese conglomerate Alibaba rose 4% in premarket trading on Wednesday after confirming that its Qwen AI model will be integrated into Apple systems in China. 

Fast-fashion retailer Shein has cleared a key hurdle for its long-awaited Hong Kong initial public offering, winning China’s nod for a listing that people familiar with the matter said could see it valued at more than $40 billion.

Shares in Alibaba Group jumped as much as 12.5% in Hong Kong on Wednesday, their biggest single-day gain since September, as investors grew optimistic ahead of the e-commerce giant’s upcoming earnings and rotated capital into Chinese internet stocks that had lagged the broader market rally.

Chinese tech giant Alibaba  has banned employees from using Anthropic’s Claude ‌Code at work after the tool drew scrutiny for features that can help identify China-linked users, according to a person familiar with the order.

Alibaba Group Holding Ltd. is offering $1.5 billion to acquire Chinese grocery delivery firm Pupu, initiating a bidding war as part of a broader campaign to wrest market share from Meituan in online commerce.

First-quarter earnings from Chewy were nothing special, but shares of the pet supplies retailer were rising sharply in premarket trading.

PDD Holdings Inc. reported first quarter results that fell short of analyst expectations, with adjusted earnings per ADS of RMB9.51 ($1.38) missing the consensus estimate of RMB16.77 by RMB7.26.

Alibaba unveils Zhenwu M890 AI chip
Chip is three times faster than previous generation
Multi-year roadmap includes V900, J900 chips

Alibaba on Wednesday said its core profitability plunged in the March quarter amid heavy investments in tech and e-commerce, even as the company’s executives talked up its AI revenue growth.

EBay on Tuesday rejected GameStop’s $56 billion takeover proposal, calling the unsolicited bid “neither credible nor attractive.”

Amazon Web Services recorded 28% revenue growth in the first quarter, beating analysts’ estimates, as the cloud infrastructure leader boosted its investment in Anthropic and prepared to work more closely with OpenAI.

Meta Platforms (META) said Friday that it will use Amazon (AMZN) chips to power some of its artificial-intelligence computing needs. The deal looks like validation of Amazon’s in-house chip plan.