Business

Alibaba posts solid revenue ahead of shopping festival

Chinese e-commerce leader Alibaba on Thursday reported solid 30 percent year-on-year revenue growth for the July-September quarter, providing some much-needed good news amid turmoil over its Ant Group affiliate's abandoned ...

Business

Ant Group's shock IPO suspension hammers Alibaba shares

China's shock, last–minute decision to suspend the record-breaking IPO of fintech giant Ant Group hammered shares of founder Jack Ma's e-commerce titan Alibaba on Wednesday and left investors reeling.

Business

Amazon launches Swedish site in 1st leg of Nordic expansion

Amazon has launched a website in Sweden as the first leg of a long-anticipated expansion into the tech-savvy Nordic region that is expected to have a major long-term impact on brick-and-mortar stores and e-commerce.

Business

Here's why Ant Group is about to shatter IPO records

Stella Su, who lives and works in Shanghai, has used an ATM only once in the past year. Instead of cash, in recent years she has done almost all her business using the digital wallet Alipay –- shopping in a mall, buying ...

Business

Walmart unveils subscription program to challenge Amazon

The battle for online supremacy is on as Walmart announced Tuesday the coming launch of a membership program that provides free delivery as the world's biggest retailer takes direct aim at e-commerce behemoth Amazon.

Business

Virus lockdowns give major boost to e-commerce

While large traditional retailers announce big lay-offs because of the pandemic, sometimes shedding thousands of staff, coronavirus lockdowns have in contrast given e-commerce a major boost.

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