BABA posts 58% profit jump but sales miss
Alibaba Offices In Beijing Bloomberg | Bloomberg | Getty Images Chinese e-commerce behemoth Alibaba on Friday beat profit expectations in its September quarter, but sales … Read more
Retail industry
Payments giant Adyen reports 21% jump in third-quarter sales
Adyen reported a big miss on first-half sales Thursday. The news drove a $20 billion rout in the company’s market capitalization . Pavlo Gonchar | … Read more
Amazon turns to team of ex-prosecutors to try to fight counterfeiters
In 2018, police showed up at a nondescript industrial warehouse in New York’s Brooklyn Navy Yard to investigate reported counterfeits. Federal agents were looking for … Read more
Amazon makes big bet on selling cashierless tech to outside retailers
In 2012, Amazon founder Jeff Bezos was asked by TV host Charlie Rose whether his e-commerce company would ever venture into brick-and-mortar stores. Bezos said … Read more
Facebook parent Meta hired accused stalker, lawsuit says
A logo of US company’s Meta is displayed during the Vivatech technology startups and innovation fair, at the Porte de Versailles exhibition center in Paris, … Read more
Just Eat Takeaway.com to deliver sex toys in partnership with Lovehoney
A Just Eat sign displayed at the front of a pizza takeaway shop on May 19, 2020 in Fleet, England. Alex Burstow | Getty Images … Read more
American Eagle sues Amazon over trademark infringement of Aerie line
A shopper walks by an American Eagle store on November 21, 2023 in Glendale, California. Justin Sullivan | Getty Images American Eagle Outfitters is suing … Read more
British e-commerce firm THG plans to spin off technology services arm
THG, which was previously known as The Hut Group, is an e-commerce business based out of the U.K. Pavlo Gonchar | Sopa Images | Lightrocket … Read more
How Amazon is using generative AI to drive more same-day deliveries
For years, Amazon has set the bar for package delivery. When Prime launched in 2005, two-day shipping was unheard of. By 2019, one-day shipping was … Read more
Alibaba’s Taobao launches AI-powered English version in Singapore
The logo of Alibaba’s e-commerce app Taobao is displayed next to mobile phones displaying the app, in this illustration picture taken October 25, 2023. Reuters … Read more