Tag: E-Commerce Discretionary

Tech giant Amazon’s cloud computing unit AWS will invest 15.7 billion euros ($17.02 billion) in data centres in Spain’s northeastern Aragon region, it said on Wednesday, significantly boosting its expansion plan in the country.

JD.com stock rallied on Thursday after the Chinese e-commerce company reported first-quarter results well above Wall Street’s expectations.

Alibaba stock dropped on Tuesday after the Chinese e-commerce company reported March quarter earnings below Wall Street’s estimates, though revenue was above expectations.

The bargain app Temu, which has gained spectacular popularity with American consumers, is shifting business priorities beyond the U.S., people close to the company said. 

Fast-fashion giant Shein is stepping up preparations for a London listing after its attempt to float itself in New York faced regulatory hurdles and pushback from U.S. lawmakers, two people with knowledge of the matter said.

Amazon reported better-than-expected earnings and revenue for the first quarter, driven by growth in advertising and cloud computing. The stock ticked higher in extended trading.

China’s Alibaba Cloud on Monday said it will cut prices for products that are powered by its offshore data centers by as much as 59% amid rising competition to attract artificial intelligence software developers.

Chinese e-commerce company previously planned multiple spinoffs of business units in an attempt to unlock greater value for shareholders.

PDD posted a monster beat on Wednesday, reporting fourth-quarter earnings and revenue far above Wall Street’s expectations as the company behind budget online retailers Pinduoduo and Temu continued to impress.

Eli Lilly said Amazon Pharmacy will help deliver certain prescription drugs, including the popular weight loss treatment Zepbound, directly to patients’ homes through the drugmaker’s new direct-to-consumer website. 

Shares in JD.com surged Wednesday after the Chinese e-commerce company reported fourth-quarter earnings and sales ahead of expectations. There also was more for investors to be happy about.

Sea Ltd. shares advanced after the company reported a smaller-than-expected drop in quarterly earnings and predicted improving prospects for its e-commerce and gaming businesses.

Alibaba Cloud on Thursday said it is cutting prices across more than 100 core public cloud products to make cloud computing more accessible in the AI boom.

EBAY shares are gaining ground in late trading Tuesday after the online marketplace company posted fourth-quarter results that edged both guidance and Street estimates.

Latin American e-commerce giant MercadoLibre on Thursday reported a $165 million fourth-quarter net profit, as higher sales were offset by a tax hit, with results flat versus the year-ago period.

Amazon is set to join the Dow Jones Industrial Average, replacing Walgreens Boots Alliance effective next week, S&P Dow Jones Indices said on Tuesday.

Chinese e-commerce operator JD.com Inc. is the latest company to consider buying UK electronics retailer Currys Plc, as a path to toward new avenues for growth away from home.

Amazon com founder Jeff Bezos has sold $2 billion of the retail and cloud company’s stock, his first sale in more than two years.

Temu, the e-commerce app run by Chinese company PDD Holdings, plans to run a Super Bowl ad on Sunday, a spokesperson told CNBC, as it looks to continue growing rapidly in the United States.

Alibaba stock rose then fell on Wednesday after the Chinese tech giant narrowly missed Wall Street’s quarterly earnings expectations but announced that it was increasing its share buyback program.