e-commerce

In just a year, Alibaba Group Holding Limited (NYSE: BABA) has lost around $344 billion in market capitalization, the largest-ever decline in shareholder value globally, reports Bloomberg.  Last year, Alibaba founder Jack Ma faced summons from the Chinese authorities when they suspended the...

Walmart Inc. (NYSE: WMT) has announced an offer for new customers who sign up for the retail giant’s Walmart+ membership program. What Happened: The retail giant said that customers joining Walmart+ on Monday would receive an amount of $9.95 back. The offer, available until midnight...

Alibaba Group Holding Limited (NYSE: BABA) shares bottomed out in early October and have been grinding higher in recent sessions. Alibaba Reverses Course: Alibaba shares came under pressure in late 2020 as Chinese regulators began cornering the company from all sides in order to curb its dominant...

E-commerce giant Amazon.com, Inc (NASDAQ: AMZN) Monday announced that it plans to hire 150,000 seasonal workers in the U.S. for the upcoming holiday shopping season.  What Happened: Amazon's new hiring plan comes during a major labor shortage and increased union activities in the U.S. The...

Chinese e-commerce behemoth Alibaba Group Holding Ltd -  ADR (NYSE: BABA), which has a strong presence in the Chinese cloud market, is reportedly moving into an arena that could improve its positioning in that market. What Happened: Alibaba will announce its first custom-designed...

Walmart Inc (NYSE: WMT) said on Monday it is bringing back the month-long “Black Friday Deals for Days” in early November and Plus members would get early access. What Happened: The retail giant said Walmart Plus members would be able to shop four hours earlier than regular...

Alibaba Group Holding Limited’s (NYSE: BABA) earnings forecast has been cut by analysts to a one-year low just as the Chinese e-commerce giant prepares to announce its second-quarter earnings results early next month, Bloomberg reported Thursday. What Happened: The analysts have cut their...

Amazon.com Inc. (NASDAQ: AMZN) is planning to buy used long-range Boeing Co. (NYSE: BA) and Airbus SE (OTC: EADSY) cargo planes that can fly directly from China to the U.S., Bloomberg reported Wednesday. What Happened: Amazon is shopping for refurbished cargo versions of 10 Airbus A330-300 aircraft...

Alibaba Group Holding Limited (NYSE: BABA) shares are on a roll Thursday, with the catalyst being the Chinese government's positive take on the talks between its diplomat Yang Jiechi and White House National Security Adviser Jake Sullivan in Switzerland earlier this week. Alibaba's...

Walmart Inc (NYSE: WMT) shares have lagged the S&P 500 in 2021, generating a year-to-date total return loss of 4.1%. Walmart’s business held up relatively well throughout the 2020 economic downturn, but investors may be wondering just how much value there is in the retail giant’s...

Amazon, Inc. (NASDAQ: AMZN) shares have materially underperformed the S&P 500 Index since the release of second-quarter earnings results on July 29, rendering sentiment toward the stock cautious into the year-end, according to an analyst at JPMorgan. The Amazon Analyst: Analyst Doug Anmuth...

Alphabet Inc’s (NASDAQ: GOOG) (NASDAQ: GOOGL) Google on Wednesday unveiled a feature that can combine images and text in search queries using artificial intelligence capabilities. What Happened: The multitasking feature will be launched in the coming months and be equipped with Google’s...

Amazon.com, Inc (NASDAQ: AMZN) has reportedly settled a case filed by a union against it with the National Labor Relations Board (NLRB) that alleged that the Jeff Bezos-founded company wrongly fired two employees. What Happened: NLRB spokesperson Kayla Blado said Wednesday that it had...

The COVID-19 pandemic accelerated online grocery sales, but for traditional grocers, the rise in sales is eroding margins and driving growth in an unprofitable business sector. That is the big takeaway from a new study of 206 U.S. grocers by Wynshop, a digital commerce technology platform, and...

Alibaba Group Holding (NYSE: BABA) is looking to shed its entire stake in a local television network as Beijing wants the Jack Ma-founded company to sell some of its media assets, Bloomberg News reported on Thursday. What Happened: Alibaba’s investment arm is looking to sell its 5.01% stake...