Shopify’s downbeat first-quarter profit outlook spooked investors on Tuesday, even as the e-commerce company posted better-than-expected holiday-quarter sales on the back of healthy consumer spending and its rollout of AI features.
Shopify’s downbeat first-quarter profit outlook spooked investors on Tuesday, even as the e-commerce company posted better-than-expected holiday-quarter sales on the back of healthy consumer spending and its rollout of AI features.
US e-commerce giant Amazon has reported a net sales increase of 11% to $638.0bn during the full year 2024 (FY24) against $574.8bn in 2023.
Amazon has said it will pump about $100bn into its artificial intelligence initiatives this year as the ecommerce group shrugs off worries about China’s DeepSeek and invests heavily in data infrastructure.
The U.S. Postal Service said on Wednesday it would accept parcels from China and Hong Kong, in a U-turn after a suspension following President Donald Trump ending a trade provision used by retailers including Temu, Shein, and Amazon to ship low-value packages duty-free to the U.S.
There’s a new Chinese artificial-intelligence model claiming to be able to compete with its Western rivals. But it isn’t DeepSeek. E-commerce company Alibaba is making its own play for the AI crown.
The company will sell its entire 78.7% stake in Hong Kong-listed Sun Art Retail Group
South Korean retailer Shinsegae plans to set up a joint venture with Alibaba International, Shinsegae affiliate E-Mart said on Thursday.
U.S. retail sales rose 3.8% between Nov. 1 and Dec. 24, as intense promotion to drum up sales in what was expected to be a highly competitive holiday season for retailers prompted last-minute shopping among consumers.
Temu, the popular e-commerce app owned by China’s PDD Holdings, topped Apple’s list of the most downloaded free apps on its U.S. iOS store for the second year running, highlighting the massive success that Chinese apps are enjoying in the world’s largest consumer market.
Alibaba is bailing on traditional in-store shopping—and investors don’t seem too impressed.
Walmart Inc., Amazon.com and fast-growing e-commerce sites Shein and PDD Holding’s Temu saw record-breaking sales on Black Friday and Cyber Monday, according to spending data, suggesting that they may finish the holiday season on a much stronger note than Target and Best Buy which struggled.
Alibaba Group will integrate its domestic Chinese and international e-commerce platforms into a single business unit run by one leader for the first time, the company said in a stock exchange filing on Thursday.
Chinese e-commerce group JD.com missed market estimates for quarterly revenue on Thursday, as a persistent slowdown in the world’s second-largest economy pressured consumers to keep a tight hold on their purse strings.
Chinese e-commerce giant Alibaba on Tuesday unveiled an artificial intelligence-powered search engine for small businesses in Europe and the Americas to source supplies.
Shopify forecast fourth-quarter revenue growth above estimates on Tuesday, as the Canadian company’s focus on employing AI-powered tools attract more merchants to its e-commerce services ahead of the all-important holiday season.
GoTo Group, Tencent Holdings and Alibaba’s Cloud division have signed agreements to strengthen cloud infrastructure and digital talent development in Indonesia.
Alibaba on Thursday released more than 100 open-source artificial intelligence models and boosted the capabilities of its proprietary technology as it looks to ramp up competition with rivals.
The Biden administration on Friday said it was moving to curb a growing tide of low-value shipments entering the U.S. duty-free under the $800 “de minimis” threshold that has been exploited by Chinese e-commerce firms such as Shein and PDD Holdings’ Temu.
Chinese online retailer accumulates biggest net cash position of any listed group not to pay dividends or buy back shares
Alibaba has completed a three-year regulatory “rectification” process following an antitrust fine it received on charges of monopolistic practices in 2021, China’s market regulator said on Friday.