Tag: E-Commerce Discretionary

U.S. power equipment maker Generac has signed a long-term agreement ​to supply backup generators for Amazon ‌data centers, with initial deliveries expected to total about $2.4 billion in 2027 ​and 2028, a regulatory filing ​showed on Wednesday.

Shares of fast-fashion company Shein fell as much as 10% in Hong Kong, amid news that one of its contact lens products has been recalled by Australia and New Zealand.

Amazon hired banks on Tuesday for its first ever sterling bond ​sale, according to a memo seen by Reuters, ‌as hyperscalers rush to raise funding across currencies to finance the AI boom.

Shares of Shein fell 9% in their Hong Kong trading debut Tuesday, after a tepid IPO that saw the fast-fashion giant’s valuation drop to nearly a quarter from its peak.

Shein is planning to raise up to $13.86 billion in Hong Kong dollars ($1.77 billion) in its initial public offering, according to a filing on Monday.

Alibaba shares plunged as much as 10% in Hong Kong on Monday after the Chinese tech giant priced an 80 billion Hong Kong dollar ($10.20 billion) placement of newly issued shares to non-U.S. investors. 

The Chinese owner of bargain-shopping app Temu reported better-than-expected profit in the second quarter, as the company navigated fierce domestic competition and increased regulatory pressure.

Alibaba shares dipped around 4% in U.S. premarket trading Thursday after the Chinese e-commerce and cloud giant reported second-quarter earnings well below analyst expectations.

Amazon said Wednesday it plans to offer drone deliveries in nearly 500 U.S. cities and towns by the end of the year, a sign of momentum for a project that’s been slow to develop since founder Jeff Bezos first laid out his vision for the service almost 13 years ago.

Online fast-fashion retailer Shein is eyeing ‌a company valuation in its planned Hong Kong IPO of just a quarter of the nearly $100 billion number seen in a share sale four years ago, sources said, as its growth has slowed.

Alibaba Group is expected to reap more ‌than $2 billion from the sale of its game developer unit Lingxi Games to private equity firm Trustar Capital, a person familiar with the matter told Reuters.

JD.com stock was slipping on Thursday despite revenue and earnings from the Chinese online retail giant that were ahead of analysts’ expectations.

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.