Tag: E-Commerce Discretionary

Alibaba on Monday said it will merge its food delivery platform Ele.me and online travel agency Fliggy into its core e-commerce business as the Chinese group streamlines operations amid intensifying competition.

Amazon (AMZN.O), asked Europe’s second-highest court on Thursday to scrap its designation as a platform subject to stricter requirements under landmark EU online content rules, arguing that it poses no systematic risks to its users.

Temu and Shein are pivoting to Europe as their business in the U.S. takes a major hit from unfavorable trade policies. But the China-founded budget e-commerce apps may not receive a warm reception in their new target markets.

Amazon Web Services (AWS), the cloud division of US tech giant Amazon.com, unveiled on Friday an investment of over $5bn to open a new AWS region in Taiwan.

Use of low-cost e-commerce giants Temu and Shein has slowed significantly in the key U.S. market amid President Donald Trump’s tariffs on Chinese imports and the closure of the de minimis loophole, new data shows.

Chinese e-commerce firm PDD Holdings (PDD) missed Wall Street estimates for first-quarter revenue on Tuesday, as its domestic platform suffered from persistently weak consumer sentiment and its international business was hit by global trade uncertainty.

Nike (NKE.N), is planning to raise prices of some products from next week and will sell items on Amazon (AMZN.O), after six years, the company said on Wednesday.

Alibaba shares fell on Thursday after the Chinese e-commerce giant missed earnings expectations for its fiscal fourth quarter on both the top and bottom line.

U.S. President Donald Trump’s tariff pause gives Temu and Shein a temporary window of opportunity to restock U.S.-based warehouses and re-evaluate their supply chain management, experts and insiders say.

Amazon reported better-than-expected results for the first quarter, but it gave soft guidance for the current period as the company navigates uncertainty around President Donald Trump’s sweeping tariffs.

Etsy shares rose in premarket trading on Wednesday after the company posted better-than-expected revenue for the first quarter.

The Trump administration intends to press India to give online retailers such as Amazon and Walmart full access to its $125bn ecommerce market, as part of a trade deal being negotiated under the threat of increased tariffs.

Amazon CEO Andy Jassy on Thursday released his annual shareholder letter where he predicted that rapid advancements around artificial intelligence, along with a more competitive chip market, will eventually bring down costs around the technology.

Amazon.com wants to buy video-sharing platform TikTok as the deadline for the app to be sold quickly approaches, a person familiar with the matter confirmed with Barron’s.

China’s tech and e-commerce giant Alibaba Group (9988.HK), is planning to release Qwen 3, an upgraded version of its flagship AI model, as soon as this month, Bloomberg News reported on Tuesday, citing a person familiar with the matter.

Jack Ma-backed Ant Group used Chinese-made semiconductors to develop less costly techniques to train artificial intelligence models, Bloomberg reported on Monday.

The Chinese owner of bargain app Temu reported slower quarterly profit and revenue growth, capping a turbulent year for the e-commerce giant as it faced stiff competition at home, geopolitical tensions abroad and U.S. tariff uncertainties.

Amazon.com’s self-driving unit, Zoox, has recalled 258 vehicles due to issues with its automated driving system (ADS) that could cause unexpected hard braking, the company said on Wednesday.

China’s Manus AI announced on Tuesday a strategic partnership with the team behind tech giant Alibaba’s Qwen AI models, a move that could bolster the artificial intelligence start-up’s roll-out of what it called the world’s first general AI agent.

Amazon, Google and Meta have joined a call by big, energy-intensive companies for governments and utilities to build more nuclear power in the latest boost to the industry’s revival.