e-commerce

Key takeaways: New Oriental has turned to live streaming e-commerce, with founder Yu Minhong selling agricultural products online Yu refused to shut company down after education crackdown, saying he bears responsibility for 50,000 remaining employees By Jony Ho China’s crackdown on after-...

Walmart Inc. (NYSE: WMT) said it plans to hire more than 3,000 delivery drivers and establish an all-electric fleet of delivery vehicles as it expands its “InHome” grocery delivery service. What Happened: The Bentonville, Arkansas-based retail giant aims to make the InHome service...

The public markets saw a record number of IPOs and capital raised in 2021. Around 1,500 companies went public via traditional IPO, direct listing or via SPAC merger. Public listings in 2021 raised over $490 billion. Here is a look at the five worst-performing IPOs of 2021. (A previous...

The public markets saw a record number of IPOs and capital raised in 2021. Around 1,500 companies went public via traditional IPO, direct listing or via SPAC merger. Public listings in 2021 raised over $490 billion. Here is a look at the five best-performing IPOs of 2021. (The worst-...

An e-commerce company's stock is moving higher Wednesday morning. The movement is the result of a reverse stock split. Here’s the details and an update on an acquisition that could change the face of the company. What Happened: Naked Brand Group (NASDAQ: NAKD) completed a 1-for-...

Metaverse has created quite a stir, with tech and cryptocurrency projects making a beeline into this virtual world. Not wanting to be left behind, Chinese Internet tech giant Alibaba Group Holding Ltd - ADR (NYSE: BABA) is drawing up the blueprint for its own metaverse. What Happened: Alibaba...

Alibaba Group Holding Limited (NYSE: BABA) shares have plunged over 46% in New York since the year began but could the appointment of Trudy Dai, a founding member of the company, as in charge of domestic e-commerce be a game-changer? Who Is Turdy Shan Dai? Dai, a bachelor’s degree...

Jumia Technologies AG - ADR (NYSE: JMIA) shares are trading significantly higher Tuesday after the company announced the highlights of its 2021 Black Friday campaign. The company said gross merchandise value reached $150 million, representing an increase of 30% year-over-year. Orders totaled 4...

An activist investor has urged department store chain Kohl’s Corp. (NYSE: KSS) to consider a sale of the company or a separation of its e-commerce business, the Wall Street Journal reported. What Happened: New York-based hedge fund Engine Capital LP sent a letter to Kohl’s board on...

Alibaba Group Holding Limited (NYSE: BABA) announced the appointment of Toby Xu as the company’s chief financial officer on Sunday. What Happened: Xu, the company’s current deputy CFO, will take over from the current CFO Maggie Wu on April 1, Alibabaq said. Wu will continue as a...

For years, Black Friday has been one of the largest shopping days of the year. Over time, the holiday has become less significant with the introduction of Cyber Monday and retailers adding multiple days of sales to the holiday shopping season. Here is a look at some potential winners from the 2021...

Alibaba Group Holding Limited (NYSE: BABA) reported Thursday its heaviest quarterly profit decline in five years and issued a muted forecast. What's Behind Alibaba's Performance? Alibaba's dismal performance is partly attributable to the intensifying rivalry in the Chinese e-...

Retailer Macy’s Inc (NYSE: M) has been one of the best-performing sector stocks over the last year, with shares up 285%. The stock has been a popular target for activist investors over the year pushing for the company to unlock value. An activist investor is calling for Macy’s to get...

China-based e-commerce firm JD.com, Inc (NYSE: JD) is looking to expand its international footprint to challenge rival Amazon.com, Inc (NASDAQ: AMZN). What Happened: The company’s new CEO of retail business Xin Lijun said that the company over the coming years will “increase investment...

Amazon.com, Inc.’s (NASDAQ: AMZN) advertising business grew at the slowest pace in five quarters but still delivered a higher growth rate than those of key big-tech rivals Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) and Facebook, Inc. (NASDAQ: FB) as it did a better job facing ...