Tag: E-Commerce Discretionary

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.

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.