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The Latest Breaking News from e-commerce

Alibaba's overhaul: a 'smart' move after China crackdown

Beijing (AFP) - Alibaba, China's biggest e-commerce company, has announced plans to split its business into six groups, in one of the most significant overhauls of a leading Chinese tech firm to date.

AFP

Alibaba Stock Soars As Company Launches Massive Reorganization, Splits Into Six Units

In a groundbreaking move, Alibaba will split into six different companies that will operate independently and are free to raise funds.

Investors Business Daily

Dow Jones Reverses After Key Economic Data; Warren Buffett Stock Jumps On Upgrade

The Dow Jones reversed higher Tuesday amid key economic data. Warren Buffett stock Occidental Petroleum jumped on an analyst upgrade.

Investors Business Daily

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Alibaba to Split in 6 and Seek Possible IPOs; Stock Surges

'At 24 years of age, Alibaba is welcoming a new opportunity for growth,' Daniel Zhang, CEO of the e-commerce giant, says.

The Street

Alibaba to split into six units

Alibaba Group Holding Ltd has announced plans to split its $220-billion business into six main units encompassing e-commerce, media and the cloud, each of which will explore fundraising or an initial public offering (IPO) when the time is right.

Bangkok Post

Lazada chief sets out growth plans for Thailand

We want to be "customer obsessed" rather than "competition obsessed", according to the priority outlined by Lazada Thailand chief executive Werapong Goo.

Bangkok Post

Android users warned over 'dangerous' app and urged to delete it immediately

Google has issued a warning about the Chinese e-commerce app Pinduoduo as it's no longer available to download from the Play Store.

Daily Record

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Google urges anyone with an Android phone to immediately uninstall app

Chinese e-commerce app Pinduoduo is no longer available via the Google Play Store

Manchester Evening News

Google Suspends China's Pinduoduo App Due to Malware Issues

Alphabet Inc's Google suspended the Play version of PDD Holdings Inc's Pinduoduo app after malware issues were found on the Chinese platform, a Google spokesperson said on Tuesday. "The Off-Play versions of the e-commerce app that have been found to contain malware have been enforced on via Google Play Protect,"…

Asharq Al-Awsat

Amazon lays off another 9,000 employees to cut costs

Amazon is to let go of another 9,000 employees worldwide as the e-commerce giant ramps up its cost-cutting measures. #The announcement was made to employees of the firm in a note by CEO Andy Jassy, who said workers in the Amazon Web Services, human resources, advertising and Twitch units would…

Evening Standard

Sector enters the next phase

Thailand's e-commerce landscape is entering the next stage where major e-marketplace players are introducing innovative features to woo customers instead of focusing on price wars, while social commerce is strengthening in a bid to capture buyers.

Bangkok Post

Four Reasons Why Self-Driving Cars, Not Drones, Will Deliver Your Packages

Since Jeff Bezos' remarks 10 years ago, regulatory challenges and retail ingenuity have sapped the urgency of drone technology.

The Street

Entrepreneur is riding high with e-commerce start up Equestrian Rose

Laura Rose is also creating her own collection of riding wear called Equestrian Rose Ltd Apparel

Birmingham Post

Weekly Must-Read: TikTok’s Chinese Twin Is Taking On Alibaba and Meituan for E-Commerce Market Share

Like ByteDance’s TikTok, the Douyin video sharing app deploys live-streaming in the competition for consumers in the online marketplace

Caixin Global

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Investors Business Daily

China's JD.com Beats Quarterly Sales, Earnings Targets Despite Covid Restraints

China e-commerce giant JD.com on Thursday beat expectations for sales and earnings in the fourth quarter. JD stock fell.

Bangkok Post

Carsome shifts into used EV market

Carsome Thailand, a used car e-commerce platform service provider, aims to be a leader in the sale of used electric vehicles (EVs) by 2025, with Thailand set to be a pilot country for this EV market.

Bangkok Post

Thailand, China launch joint training program for e-commerce talents

CHIANG MAI: Thailand and China jointly launched a training program on Monday at Thailand's Chiang Mai University to sharpen e-commerce skills among vocational school students in the Southeast Asian country.

Bangkok Post

Shopee parent posts first-ever profit

SIGNAPORE: Sea Ltd has reported its first-ever profit, a milestone in its turnaround effort as the Southeast Asian gaming and e-commerce giant seeks to convince investors of its money-making potential.

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Birmingham Post

Online marketplace OnBuy ranked Europe’s fastest growing e-commerce firm

The Bournemouth-based business has reported a more than 3,000% rise in revenue since 2018

StockNews.com

3 Chinese Stocks That Could Be Big Winners This Year

While it could be a good idea to invest in resurgent China that is prioritizing economic growth, the prospects of Alibaba (BABA) don’t seem certain enough. Hence, growing Chinese stocks Hello Group (MOMO), China Automotive Systems (CAAS), and Tarena International (TEDU) could be better bets instead. Continue reading….

Bangkok Post

Lazada ups presence with features, services

Thailand's e-marketplace landscape remains highly competitive, despite the planned closure tomorrow of JD Central -- the sector's third-largest player.

Investors Business Daily

MercadoLibre, IBD Stock Of The Day, Fuels E-Commerce Across Latin America

MercadoLibre, the largest e-commerce company across Latin America, is the IBD Stock Of The Day, MELI stock is hovering in a buy zone.

Investors Business Daily

Alibaba Fights Through Multiple Obstacles To Report Quarterly Earnings Beat

Alibaba reported quarterly results early Thursday, as the China e-commerce giant beat estimates. BABA stock jumped.

The Street

Jim Cramer Says Walmart Could Defeat Amazon

The battle between the two giants could be tilting in Walmart's favor.

Investors Business Daily

China Internet Stocks Slammed On Fear Of Growing Competition

JD stock and other China internet stocks dropped as JD plans to spend $1.5 billion to create a subsidiary, raising fears of more competition.

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