Tag: E-Commerce Discretionary

Amazon’s Cloud Business Makes a Big Bet on India. Big Tech Loves the World’s Most Populous Country.

Amazon ’s cloud computing unit plans to invest $12.7 billion in India by 2030 to meet growing demand for cloud services in the world’s most populous country, the company announced Thursday.

JD.com Shares Jump on Earnings Beat. The CEO Is Retiring.

Shares in JD.com JD were rising on Thursday after the Chinese e-commerce company beat earnings expectations. It also said its chief executive is leaving.