From Surge to Stall: How Retail Giants Amazon and Walmart Are Navigating a Post-Boom Economy
The retail landscape is dominated by the intense rivalry between eCommerce titan Amazon and brick-and-mortar giant Walmart. Yet retail's two...
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Chinese robotics star Agibot adds JD.com as investor, joining Tencent
Chinese e-commerce giant JD.com has recently become a shareholder in Tencent Holdings-backed robotics star AgiBot, as China’s robotics industry has become one of the most closely watched sectors this year among investors and tech giants.
AgiBot, also known as Zhiyuan Robotics, was established in 2023 by a founding team that included Huawei Technologies veterans and professors. The company recently added JD subsidiary JD Technology as a shareholder of its main entity, Shanghai Zhiyuan New...
Amazon taps Xbox co-founder to lead new team developing 'breakthrough' consumer products
A former Microsoft executive is leading a new team at Amazon within the company's devices unit.
Amazon-Owned Blink Debuts Doorbell Cam With Wider View, Person Detection
Blink, the Amazon.com Inc.-owned hardware brand known for its connected doorbells and video cameras, introduced new devices on Thursday, the latest entries in a saturated market for smart-home gadgets.
Amazon and Walmart Hit the Wall as Shoppers Shift Spending | PYMNTS.com
The intense rivalry between eCommerce titan Amazon and brick-and-mortar giant Walmart has long pitted the two companies against each other. Now...
Amazon and Walmart Turn Groceries, Health and Data Into Distinct Empires
From AI-powered experiences to healthcare integration and strategic real estate moves to navigating economic uncertainty, the strategies of Amazon and...
Best Buy Falls After Trimming Outlook on Hit From Tariffs
Best Buy Co. reduced its sales and profit outlook in response to US tariffs. But in a sign of the trade war’s volatility, that forecast might soon be outdated after a US court on Wednesday struck down many of President Donald Trump’s levies.
HP Plunges After Cutting Profit Outlook on Tariffs, Economy
Shares of HP Inc. dropped as much as 13% on Thursday after the company issued a weak profit outlook and cut its annual earnings forecast, pointing toward a weaker economy and continuing impact from US tariffs against China.
Victoria’s Secret Faces Lengthy Outage After Security Issue
Victoria’s Secret & Co. shares fell after the lingerie maker took down its website and some in-store services to address a “security incident.”
India Asks E-Commerce Firms to Stop Deceptive Shopping Practices
India’s government asked e-commerce platforms and retailers to remove so-called ‘dark patterns’ or deceptive actions that manipulate customers into making unintended purchases.
Instacart names Chris Rogers as CEO after Fidji Simo's exit for OpenAI
Instacart has appointed business chief Chris Rogers as its new CEO, less than a month after OpenAI announced CEO Fidji Simo as its new operations chief.
Alibaba touts rapid growth in fast-delivery service in heated race with Meituan, JD.com
Alibaba's Taobao Instant Commerce service and Ele.me have surpassed 40 million daily orders within a month of launch, the company says.
PDD faces profit challenge amid Trump tariffs, domestic e-commerce competition
Chinese discount e-commerce giant PDD Holdings, operator of Temu and Pinduoduo, faces increased profitability challenges amid US President Donald Trump’s trade policies and heightened competition in its home market, according to analysts.
PDD on Tuesday reported a 47 per cent slump in first-quarter earnings amid slower sales growth, with results trailing market consensus. PDD’s Nasdaq-listed shares tumbled as much as 18 per cent in New York overnight, as the company’s poor report card suggested...
Amazon's in-car software deal with Stellantis fizzles, Reuters reports - CNBC
The Stellantis SmartCockpit project, which would rely on Amazon's in-car technology, is the latest example of traditional automakers struggling to...
M&S Grocery Sales Rise as Retailer Battles Hackers, Kantar Says
Marks & Spencer Group Plc’s grocery sales rose in the last three months even as the British retailer tackled a major cyberattack that crippled some of its systems.
Block's bitcoin checkout goes live in Vegas, a significant step in making it 'everyday money'
Square is piloting real-time bitcoin payments at Bitcoin 2025, letting people scan and spend crypto for T-shirts, hoodies, and hats.
Top Africa Clothes Retailer Pepkor Sees Rise in Smartphone Sales
Pepkor Holdings Ltd. has increased its lead as South Africa’s biggest seller of mobile phones using prepaid wireless plans, with demand for access to online financial services spurring appetite.
Alibaba: Instant Commerce Offering Exceeds 40 Million Daily Orders - PYMNTS.com
Alibaba's instant commerce platform has reportedly crossed the 40-million-daily-orders mark within a month of launch.
Delivery war: Alibaba vies for Meituan’s on-demand throne in China
Chinese e-commerce giants Alibaba Group Holding, Meituan and JD.com are intensifying their costly rivalry in the on-demand fast-delivery sector, with each touting significant gains in user base and order volume.
Alibaba, owner of the South China Morning Post, saw combined daily orders on its freshly launched Taobao Instant Commerce initiative and Ele.me food delivery service surpass 40 million within a month, according to data released by the company on Monday.
The new service, which has...
Alibaba Weighs Options to Reduce Stake in ZTO Express
Alibaba Group Holding Ltd. is considering options to pare down its minority stake in express delivery firm ZTO Express (Cayman) Inc., according to people familiar with the matter.
Beijing asks carmakers, trading platforms to clean up used-vehicle market
Beijing has stepped in to monitor the trading of used cars as mainland China’s automotive sector, saddled with overcapacity, is under pressure to improve profitability amid an escalating price war.
On Tuesday afternoon, the Ministry of Commerce gathered industry groups, major carmakers and trading platforms for second-hand cars to discuss issues surrounding the sale of “used vehicles with zero mileage”, according to Reuters.
The ministry was seeking to stabilise car prices in the world’s largest...
Temu Operator PDD Tumbles as Trade War Hits Sales, Profit
Shares of Temu owner PDD Holdings Inc. plunged in US trading after its quarterly sales and profit missed estimates, underscoring how trade tensions between Beijing and Washington are taking a toll on its business.
Tesla's Europe sales plunge 49% on brand damage, rising competition
Tesla has faced brand damage over the past few months amid CEO Elon Musk's political involvement with U.S. President Donald Trump.
Meituan, JD.com’s Food Delivery War Worsens $100 Billion Rout
Shares of Meituan and JD.com have lost a combined $100 billion in market value since late last year, highlighting the fallout of a costly battle to win a bigger slice of the Chinese food delivery business.
EU Tells Shein to Tackle Consumer Law Breaches or Face Fines
Shein Group Ltd., the Singapore-based e-commerce firm, was warned by European Union regulators it could face fines unless it clamps down on consumer protection violations on its platform.
Why Consumers Want Both an Amazon Prime and Walmart+ Membership | PYMNTS.com
Even among Amazon Prime members, grocery purchases through Amazon are ... ecommerce, Featured News, grocery, Millennials, News, PYMNTS...
China to rein in e-commerce commission fees, unveils new rules in draft regulation
Along with JD, PDD and Taobao operator Alibaba, which owns the South China Morning Post, platforms in other emerging areas of e-commerce are also...
Shanghai Bailian unit's shareholder in deals to sell shares in the unit to Alibaba's affiliate
Shanghai Bailian unit's shareholder in deals to sell shares in the unit to Alibaba's affiliate. By Reuters. May 26, 20175:18 AM PDTUpdated 8 years ago.