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Industry Keyword: e-commerce

HomeKeywords:E-commerce

EBay forecasts bleak quarter as pandemic-driven online demand wanes

EBay Inc has forecast bleak first-quarter results, as the e-commerce platform tackles waning online demand, stiff competition and global supply chain disruptions, sending the company's shares down nearly 9%. E-commerce companies raked in large profits...

Analysis: Amazon defies break-up wave sweeping conglomerates

Amazon.com Inc has become the poster child of technology giants bucking the trend of major conglomerates breaking up, thanks to bright growth prospects shielding it from pressure to follow suit, investors and dealmakers said. Investors...

SoftBank seen trimming Alibaba stake to fill shortfall?

SoftBank is likely to trim its stake in Chinese e-commerce giant Alibaba, an analyst has said, as the Japanese tech conglomerate invests in unlisted start-ups through its second Vision Fund and repurchases its shares. SoftBank...

US adds e-commerce sites operated by Tencent, Alibaba to ‘notorious markets’ list

Online marketplaces operated by China's Tencent Holdings and Alibaba Group were included on the US government's latest "notorious markets" list of entities that allegedly sell or facilitate the sale of counterfeit goods, the US...

Alibaba creates virtual idol to promote Olympics merchandise

Chinese e-commerce giant Alibaba Group Holding has released a virtual idol promoting the 2022 Beijing Olympics, riding on a trend that has swept China. Named "Dong Dong," the virtual idol, a computer-generated character, is "a...

Amazon plans to more than double base pay cap for employees

Amazon.com Inc plans to more than double its base pay cap to $350,000, from its previous maximum salary of $160,000 for US employees, according to a company memo. The e-commerce giant will increase the overall...

Amazon trots out YouTube-sized advertising business

Amazon pulled the veil off its sprawling advertising business for the first time, revealing a business larger than that of Google's YouTube. Amazon reported ad revenue of $9.7 billion for the fourth quarter, up 32%...

Tencent raises $3 billion by trimming stake in Shopee-owner Sea

Chinese gaming and social media company Tencent Holdings has raised $3 billion by selling 14.5 million shares at $208 each in Sea, which owns e-commerce firm Shopee, according to a term sheet seen by...

China drafts rules on security reviews for apps influencing public opinion

China's cyber regulatory body has issued draft rules governing mobile apps, including a requirement for security reviews of apps whose functions could influence public opinion. The proposed regulations are part of a campaign run by...

Italy fines Amazon record $1.3 billion for abuse of market dominance

Italy's antitrust watchdog said on Thursday it had fined Amazon 1.13 billion euros (approximately $1.28 billion) for alleged abuse of market dominance, in one of the biggest penalties imposed on a US tech giant...

Alibaba’s e-commerce empire under threat from Douyin, Pinduoduo

For more than a decade, Alibaba Group has been China's undisputed e-commerce king but of late its crown has shown signs of slipping, unsettled by an influx of aggressive competitors into the sector. This week,...

Alibaba overhauls e-commerce businesses, names new CFO

Alibaba Group Holding Ltd said it will reorganise its international and domestic e-commerce businesses and replace its CFO - changes that come as the tech giant grapples with an onslaught of competition, a slowing...