Tag: E-Commerce Discretionary

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.

Amazon agreed to acquire satellite operator Globalstar in a deal that would boost the tech giant’s efforts to build its own satellite operation.

Alibaba Cloud is investing in a new type of artificial intelligence designed to better replicate the real world using a different approach from chatbots such as OpenAI’s ChatGPT.

Amazon.com (AMZN) said on Thursday its cloud business’s AI revenue run rate was more than $15 billion in the ​first quarter of 2026, the company’s first disclosure of ‌direct financial returns from its artificial intelligence efforts.

Alibaba and China Telecom are launching a data center in southern China powered by the e-commerce giant’s own chips, as the country ramps up its focus on homegrown AI infrastructure.

Amazon (AMZN) is reportedly in negotiations to acquire satellite company Globalstar (GSAT). But Apple (AAPL) might pose an obstacle to a purchase that would boost the e-commerce company’s push into space.

OpenAI has raised $122 billion ahead of its planned initial public offering. The ChatGPT developer got its biggest backing from Amazon.com (AMZN) as it looks to lessen its dependence on Microsoft (MSFT).

Chinese tech giant Alibaba on Thursday reported net income had dropped 66% year-over-year, as it missed analyst revenue expectations.

Amazon (AMZN) is making the single largest investment in artificial-intelligence infrastructure among the major U.S. technology companies.

Alibaba Group (9988) on Tuesday ​launched an artificial intelligence platform for enterprises targeting automation, intensifying ‌competition in China’s rapidly evolving AI agent market following the OpenClaw craze that has gripped the country’s tech sector.

Amazon (AMZN) is ramping up its speedy delivery service by offering 1-hour and 3-hour shipping in markets across the ​U.S., including Los Angeles and Chicago, in its latest efforts to ‌stave off e-commerce competition from its biggest rival Walmart.

Alibaba Group Holding Ltd. is setting up a business unit to bring its sprawling AI services and development endeavors under a single umbrella, signaling its determination to profit off artificial intelligence.

Amazon’s Zoox is making its toaster-shaped self-driving vehicles available through the Uber app in Las Vegas starting this summer, the latest sign of momentum in the nascent but fast-growing robotaxi market.