Tag: E-Commerce Discretionary

Amazon Prepares for FTC Fight. A Breakup Might Not Be the Worst Outcome for the Stock.

Amazon.com is facing a long-awaited lawsuit from the Federal Trade Commission. While the company being broken up is the most dramatic potential outcome, it might not be the worst outcome for the online retailer and cloud company. 

Alibaba to list its logistics unit Cainiao as part of historic shakeup

Alibaba plans to list its logistics unit Cainiao on the Hong Kong Stock Exchange, the company the Chinese e-commerce giant said in a regulatory filing Tuesday.

Amazon to invest up to $4 billion in Anthropic, a rival to ChatGPT developer OpenAI

E-commerce giant Amazon on Monday said it will invest up to $4 billion in artificial intelligence firm Anthropic and take a minority ownership position in the company.

Amazon plans to hire 250,000 US workers for holiday season

Amazon said it plans to add 250,000 U.S. workers for the holiday shopping season, 67% more than the number of people it hired for the past two years, as it scrambles to expand next-day delivery for shoppers.

Alibaba CEO warns of being ‘displaced’ if the Chinese tech giant doesn’t keep up in AI

Alibaba needs to be “user first” and “AI-driven,” new CEO Eddie Wu told employees on Tuesday, as he laid out the strategic priorities for the Chinese tech giant.

Shares of Alibaba tumble over 3% after outgoing CEO unexpectedly quits cloud business

Shares of Chinese tech giant Alibaba fell 3.5% on Monday, after the company said in a surprise move that outgoing CEO Daniel Zhang will also be stepping down as chairman and CEO of its cloud business.

Alibaba Stock Slumps After More Gloomy Economic Data. Here’s the Upside.

A gloomy economic backdrop has weighed on Alibaba and other Chinese stocks, with grim factory data Thursday continuing the trend. But there is reason for hope, because the latest release wasn’t as bad as expected and there are other glimmers of resilience.

Alibaba launches AI model that can understand images and have more complex conversations

Alibaba launched on Friday two new artificial intelligence models — Qwen-VL and Qwen-VL-Chat — the company says can understand images and carry out more complex conversations.

Amazon relaunches a delivery service it put on hold during the pandemic

Amazon.com Inc. has relaunched its Amazon Shipping delivery service after a pandemic-era pause, the company confirmed on Friday. The news, reported on earlier in the day by the Wall Street Journal, marks the return of a segment of the online retailer that went head-to-head with the likes of FedEx Corp. FDX, -0.85% and United Parcel Service Inc.

Farfetch Stock Is Down 40% as Results Trigger Downgrade

Shares of Farfetch were tumbling after the e-commerce company for luxury fashion posted mixed results and lowered its forecast of the value of orders processed.

China’s JD.com beats revenue estimates on sales amid slowing economy

Chinese e-commerce firm JD.com beat Wall Street estimates for second-quarter revenue on Wednesday, as its focus on lower-priced products to attract customers amid an economic slowdown paid off.

Singapore’s Sea misses Q2 revenue estimates on weak e-commerce sales

Technology firm Sea Ltd missed estimates for second-quarter revenue on Tuesday, as consumers held back spending on Internet and discretionary services, sending its U.S.-listed shares down 12% in trading before the bell.

Rakuten shares jump as mobile losses narrow

TOKYO, Aug 14 (Reuters) – Rakuten Group (4755.T) shares surged on Monday morning after the e-commerce giant reported narrowing losses at its cash bleeding mobile unit last week alongside assurances that it can cover its debt burden for the next financial year.

Alibaba’s quarterly revenue beats despite China’s sputtering economy

China’s Alibaba Group Holding reported its strongest quarterly revenue growth in almost two years on Thursday, boosted by a mid-year shopping festival that attracted bargain hunting consumers amid a sober economic environment.

Alibaba Cloud to Support Meta AI Model for Chinese Users. Why It’s a Big Deal.

Alibaba ’s cloud unit is bringing Meta Platform’s open-source artificial intelligence model to its clients, in a significant moment for the global AI race.


Alibaba, JD.Com, Other China Stocks Rebound Amid Optimism The Tech Crackdown Is Over

U.S.-listed Chinese stocks rose on Tuesday on hopes that authorities’ three-year crackdown on technology companies is coming to a close.

Alibaba shares rise after Chinese regulators fine Ant Group, ending regulatory uncertainty

Alibaba’s Hong Kong-listed shares rose 3% Monday amid hopes that the yearslong scrutiny of its financial arm Ant Group is coming to an end.

Chinese e-commerce giant Alibaba expands number of physical grocery stores ahead of the unit’s IPO

Alibaba’s grocery unit Freshippo expanded its number of physical stores in China, the company said on Friday, as the business prepares to spin off from its parent company and go public.

U.S. antitrust regulator plans to target Amazon’s online marketplace

The U.S. antitrust regulator is planning to file a suit targeting Amazon.com’s core online marketplace in the coming weeks, Bloomberg News reported on Thursday, citing documents and people familiar with the matter.

Shein Could Capture ‘Major Market Share’ in Apparel. It’s a Bad Sign for Other Retailers.

Shein, the fast-fashion e-commerce juggernaut, is poised to keep gobbling up market share in the U.S., according to UBS .