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CNBC
The investor behind Opendoor's 190% run nearly shut down his fund
Eric Jackson has been posting obsessively about Opendoor as part of an effort to spark a rally in shares of the online real estate service.
South China Morning Post
Meituan executive bemoans 'irrational' instant-commerce price war with Alibaba, JD.com
Asked about Meituan's thoughts on its rivals' subsidy programmes including Alibaba's pledge, Wang said it was “definitely an irrational competition”...
Reuters
Alibaba crafts baroque debt deal with Asian flair - Reuters
Leave it to an online bazaar to sell a creative financial swap. Chinese e-commerce giant Alibaba just raised $1.5 billion with a zero-coupon bond...
SCMP
Meituan executive bemoans ‘irrational’ price war with Alibaba, JD.com
A Meituan executive said the company had no choice but to join the latest round of what he called “irrational competition” against rivals JD.com and Alibaba Group Holding in China’s instant delivery sector, even though the blizzard of discounts being offered to woo buyers had become disconnected from business fundamentals.
“We didn’t want to take part in [the price war], as we don’t think it makes sense,” Wang Puzhong, head of Beijing-based Meituan’s core local commerce business, said in an...
Bloomberg
Ocado Pretax Profit Jumps on Valuation of M&S Joint Venture
Ocado Group Plc posted a rare pretax profit helped by the valuation of its grocery delivery joint venture with Marks & Spencer Group Plc.
CNBC
Coinbase steps into consumer market with stablecoin-powered 'everything app' that goes beyond trading
Coinbase is looking to reach a new subset of consumers who aren't necessarily interested in buying or trading crypto, the company's core business.
Bloomberg
Amazon’s Emissions Climbed 6% in 2024 on Data Center Buildout
Amazon.com Inc.’s carbon emissions rose for the first time in three years in 2024, driven by data center construction and fuel consumption by its delivery providers.
SCMP
Chinese state newspaper strikes friendly tone towards internet giants
A leading Chinese state media outlet has expressed support for the nation’s internet platform operators, emphasising their importance alongside hard-tech companies like chip manufacturers, as it adopts a positive tone that reflects Beijing’s friendly stance towards e-commerce companies.
According to the editorial published by the Economic Daily on Wednesday, food delivery and “hard-tech” breakthroughs – such as advances in high-speed trains and aerospace technologies – represented two key...
SCMP
Alibaba’s ‘Super Saturdays’ event to heat up China’s on-demand delivery market
Alibaba Group Holding will roll out a programme called “Super Saturdays” over the next 100 days to lure more consumers to its platform, while escalating a price war against Meituan and JD.com in the mainland’s on-demand delivery services market.
Under Alibaba’s instant commerce brand Taobao Shangou, “Super Saturdays” would offer consumers up to 188 yuan (US$26) in subsidies for the purchase and delivery of low-cost goods such as milk tea and breakfast meals, according to a report by state-owned...
TechCrunch
Prime Day event drove over $24B in U.S. e-commerce sales, gen AI traffic was up ... - TechCrunch
Amazon's Prime Day, which leads to an overall boost to U.S. e-commerce thanks to competitive sales, saw a significant increase in retail traffic...
Bloomberg
German Commercial Property at Risk of Further Slump, Report Says
German commercial property prices are at risk of further declines as structural changes such as the shift to online shopping and home office as well as stricter energy requirements weigh on the sector, according to a regular report from a government-led commission.
South China Morning Post
Alibaba delivers 80 million orders in 1 day amid fierce price war with Meituan, JD.com
Alibaba Group Holding tied its own record of 80 million on-demand deliveries on Saturday, the e-commerce giant reported on Monday, as it wages an...
PYMNTS.com
Amazon Says Customers Saved 'Billions' During Extended Prime Day - PYMNTS.com
The eCommerce giant announced Saturday (July 12) that its yearly summer sale produced record sales and savings in its newly expanded four-day form...
CNBC
Coffee at 30 cents is the latest gimmick in China’s billion-dollar ‘instant commerce’ price war
China's 'instant commerce' sector is experiencing a cut-throat price war with companies launching massive subsidy programs and other promotions.
Bloomberg
Five Themes for Investors to Watch as Earnings Season Kicks Off - Bloomberg
The so-called Magnificent Seven firms — Apple Inc., Microsoft, Alphabet, Amazon, Nvidia Corp., Meta and Tesla Inc. — are expected to post a 14% rise...
Reuters
US online spending surges $24.1 billion as steep discounts boost sales, Adobe says
Online spending soared $24.1 billion across U.S. retailers during the stretch from July 8 to 11 – dubbed "Black Friday in Summer", outpacing Adobe...
CNBC
U.S. online spending surges $24.1 billion as steep discounts boost sales, Adobe Analytics says
Retailers recorded online sales growth of 30.3% during events that included Amazon Prime Day, Adobe said on Saturday, compared with its projections of...
Financial Times
Amazon's annual deal fest is no longer all about the bargains - Financial Times
... Amazon Prime Day: shop '. First, the sales themselves have a relatively modest impact on the company's bottom line. Amazon's ecommerce business may...
PYMNTS.com
Amazon Prime Day Average Household Spend Reaches $156, Numerator Says
Market research company Numerator said July 11 the average household spend during Amazon's Prime Day sales event reached $156.37.
Bloomberg
Alibaba Risks Deepening $100 Billion Rout as Turf War Heats Up - Bloomberg
A protracted battle in China's food-delivery market has chopped $100 billion in market value from Alibaba Group Holding Ltd., with no end in sight...
CNBC
China's 'instant commerce' price war sees $0.30 drinks and billions in subsidies doled out
China's 'instant commerce' sector is experiencing a cut-throat price war with companies launching massive subsidy programs and other promotions.
CNBC
What Amazon's new hardware to cool Nvidia chips means for our AI stocks - CNBC
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
CNBC
Amazon warehouse workers lose jobs after Trump's immigration crackdown: 'We have done everything legally'
Last month, Amazon began asking staffers who came to the U.S. under humanitarian immigration programs to provide updated work permits.
PYMNTS.com
Prime Day First-Day Sales Dive 41%, Retail Consultant Reports - PYMNTS.com
Amazon Vice President, Amazon Prime Jamil Ghani told Bloomberg ... ecommerce, Momentum Commerce, News, Prime Day, PYMNTS News, Retail, What's...
PYMNTS.com
Shoppers Embrace Embedded Payments in Shift From Prime Day Splurging to Savings
... eCommerce, retail, Amazon Prime Day, Walmart+ Week. Highlights. Prime Day 2025 is seeing a shift from impulse electronics to practical essentials...
Bloomberg
Rakuten Hires Banks for Yen Bond Offering of About $1 Billion
Rakuten Group Inc. hired banks for a yen bond offering of about 150 billion yen ($1 billion), according to one of the underwriters on the deal, Daiwa Securities Co.
NBC News
The 41+ best Amazon Prime Day tech sales: shop deals on Apple, Bose and Garmin
A streaming device can be much faster than using the apps built-in to your TV software, according to experts. This Amazon Fire TV Stick supports...
Bloomberg
Amazon Prime Day Sales Plunge 41% in First Day of Four-Day Event
Amazon.com Inc took a big gamble this year by expanding its annual Prime Day summer sale to four days from two, betting the extension would give shoppers more time to navigate the millions of deals on its sprawling web store.
CNBC
Retailers log $7.9 billion in online sales in first 24 hours of Prime Day
Amazon is hosting its longest-running Prime Day sales event this year, while other retailers have responded with competing sales.
PYMNTS.com
Momentum Commerce Says Amazon Prime Day Sales Down 14% in First 4 Hours
... Amazon, amazon prime day, ecommerce, Momentum Commerce, News, Prime Day, PYMNTS News, What's Hot. Adobe Says Retailers' AI-Driven Traffic Will Leap...