E-Commerce

The daily delivery volume of Alibaba Group Holding briefly surpassed rival Meituan last week after it offered free drinks to customers who ordered through its on-demand service amid the industry’s cutthroat competition, according to a report by the technology media outlet LatePost. Orders on Alibaba’s instant commerce channel Taobao Shangou topped 100 million on Thursday, 20 million fewer than Meituan. After Meituan stopped its promotion on Friday and Saturday, Taobao’s orders overtook...

Western Union Co., the 175-year-old remittance giant, is considering launching its own dollar-backed stablecoin, as a growing number of cryptocurrency projects compete with its core business of moving money across international borders.

Sea Ltd. second-quarter sales beat analysts’ estimates as more of Southeast Asia’s consumers turn to online shopping for anything from iPhones to daily groceries.

Alibaba Group's $13.4 billion Hong Kong listing is shrinking cash levels in the protest-wracked financial hub, with short-term borrowing...

"For ecommerce players who've relied on 'watch time' to keep users browsing, like Amazon, Etsy, or even Shopify storefronts, this is an existential...

The other is logistics. Who can deliver faster, cheaper and more conveniently? Retail innovation, long focused on eCommerce platforms and omnichannel...

Chinese consumers were lapping up offers of free drinks and discounted meals from food delivery giants Alibaba Group Holding and Meituan. “This is one...

The Trade Desk beat on earnings and revenue, but the stock was headed for its worst day on record as investors worried about rising competition from Amazon.

Shanghai delivery rider Xie Yu was halfway through his shift on Thursday when he realised he would end up with nearly 100 orders for the whole day, double his average number. The reason for the huge spike? Chinese consumers were lapping up offers of free drinks and discounted meals from food delivery giants Alibaba Group Holding and Meituan. “This is one of the craziest days I’ve experienced since I became a rider,” said Xie, 39, who has worked for both Alibaba’s Ele.me and Meituan over the past...

OpenStore is rebranding under its Jack Archer menswear label after shuttering many of the Shopify storefronts it acquired and laying off staffers.

Block reported weaker-than-expected earnings for the second quarter but increased its full-year guidance.

The membership programme is designed to drive mutual growth in various Alibaba services by leveraging the firm's core e-commerce business.

China's Alibaba Group is likely to exit India's Eternal in a block deal valued at 53.75 billion rupees ($613 million), CNBC-Awaaz reported on...

E-commerce giant JD.com will serve as the “exclusive global strategic partner” of the 2025 World Robot Conference in Beijing, as the event marks its 10th anniversary this month amid the rapid development of China’s robotics industry. At the conference, which will run from Friday to Tuesday, JD.com would announce “a major strategic plan to promote the development of the robotics industry and further deepen strategic cooperation with intelligent robot brands”, the company said in a statement on...

The company, which provides software for small businesses, also gave strong guidance for the third quarter.

Members of the new membership programme will enjoy benefits across a range of Alibaba services, sources say.

Likewise, Walmart's e-commerce market share grew by 1.2% year-over-year in 2024, outshining Amazon's 0.8% gain, according to Bank of America, although...

Alibaba Group Holding’s online marketplace Taobao has launched a new membership system that integrates various services from the firm’s other apps, aiming to create synergies and drive growth across the company’s expansive ecosystem. The loyalty programme, free of charge, offers users a range of benefits from Taobao, on-demand delivery service Ele.me, online travel agency Fliggy, grocery chain Freshippo, and online mapping and ride-hailing service Amap. It was open to about 1 billion users on...

Opendoor shares soared 245% in July and got off to a hot start in August as retail investors poured into the online real estate company.

Alibaba Group Holding Ltd. plans to gradually wind down the last of its Costco-like members-only stores, underscoring its retreat from a...

Alibaba Group Holding is set to launch a new membership programme spanning a range of services from an online marketplace to food delivery and travel booking, according to Chinese media reports and a person with knowledge of the matter, as the tech giant strives to recapture its leading position in China’s competitive e-commerce market. Alibaba’s e-commerce group, led by Jiang Fan, will provide members of Taobao – China’s largest online marketplace – with subsidised access to various other...

Chinese tech giants Alibaba Group Holding and ByteDance are targeting fresh graduates in separate recruitment campaigns, a sign of their confidence in future growth driven by AI adoption. Taobao and Tmall Group, Alibaba’s e-commerce unit, kicked off its global recruitment campaign on Tuesday, offering an unspecified number of roles to students who were due to graduate between November 2025 and October 2026. According to the job posting, half of the roles would be related to artificial...

A Latin term that used to be little-known outside the world of customs brokers has become the stuff of headlines this year. That’s thanks to a decision by US President Donald Trump to close a tariff loophole for “de minimis” merchandise.

Tencent Holdings Ltd. and VR Capital Group led an equity financing round into Uzum that values the Uzbek fintech and e-commerce company at about $1.5 billion.

Alibaba, which operates Taobao and Ele.me, owns the South China Morning Post. Alibaba's Hong Kong-listed shares gained 1 per cent on Friday while...

The bar for Amazon earnings was set high, and while the e-commerce giant did well in the second quarter, its guidance left Wall Street wanting more.

Why Jim Cramer backs Meta's AI spending — and the latest on Apple and Amazon ahead of earnings · Paulina Likos.

Amazon.com shares AMZN.O fell 7% on Friday as ... Google and Microsoft also pledged higher spending, but were rewarded from investors on signs AI...

Revenue expansion in Amazon Web Services underwhelmed investors, who probed Amazon CEO Andy Jassy on why its cloud rivals are growing at faster rates.

AI spending boost. Amazon reported that it spent $31.4 billion on ... Got a confidential news tip? We want to hear from you. Get In Touch...