Tag: E-Commerce Discretionary

Chinese online retailer JD.com reported better-than-expected earnings in the fourth quarter despite fierce e-commerce competition in the world’s second-largest economy, thanks to strong consumer spending.

Chinese tech giant Alibaba unveiled its latest artificial intelligence reasoning model on Thursday, boasting that its capabilities beat those of rival models from OpenAI and startup DeepSeek.

Amazon Web Services on Thursday showed a quantum computing chip with new technology that it hopes will shave as much as five years off its effort to build a commercially useful quantum computer.

Amazon’s MGM Studios will take creative control of the “James Bond” film franchise under a new joint venture with longtime rights holders Michael Wilson and Barbara Broccoli, the technology giant (AMZN.O), opens new tab said on Thursday.

Alibaba shares jumped on Thursday in premarket trading after the Chinese titan posted a sharp profit hike in the December quarter amid strength in its Cloud Intelligence unit and e-commerce segment.

Etsy Inc.’s stock was down 7.5% in premarket trading on Wednesday after the online marketplace missed the FactSet consensus estimate for revenue as gross sales on its platform dropped.

Amazon workers at a warehouse near Raleigh, North Carolina, overwhelmingly rejected the chance to form a union in another setback for the labor movement’s efforts to organize against the online retailing giant.

Με χρονικό ορίζοντα το 2028 ο Όμιλος Σαράντη προχωρά στην υλοποίηση του πενταετούς σχεδίου ανάπτυξής του, σχεδιάζοντας νέες εξαγορές και επενδύσεις, πραγματοποιώντας παράλληλα δυναμική επέκταση στη διεθνή αγορά, με έμφαση τις ΗΠΑ, μέσω των συνεργασιών του με την Αmazon και το αμερικανικό δίκτυο φυσικών καταστημάτων Target

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.