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T-shirts with image of Trump raising his fist after assassination attempt are for sale in China
Images of the moment have already been splashed across the world’s front pages and papered many corners of the internet.
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TikTok Shop launches in the U.S. as the company bets big on e-commerce
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Chinese e-retailer Temu files lawsuit in US against rival Shein, alleging antitrust violations
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Alibaba posts loss, slower revenue amid lower consumption
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China’s muted Singles’ Day shopping fest expects slow growth
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Alibaba to seek primary listing in Hong Kong, adding to NYSE
Alibaba, China’s biggest e-commerce company, plans to apply for a primary listing in Hong Kong. The move would make Alibaba a dual-primary listed company on the New York Stock Exchange and the Hong Kong Stock Exchange.
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Canto Unveils Media Delivery Cloud to Directly Connect Digital Assets Across E-commerce and Web ...
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Alibaba reports slowest growth yet amid COVID-19 outbreaks
HONG KONG (AP) — Alibaba Group Holding Ltd. on Thursday reported a single-digit increase in its fourth-quarter revenue, its slowest quarter yet as its online services and e-commerce businesses took a hit amid COVID-19 lockdowns across China.
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JD.com founder Richard Liu leaves CEO post
SINGAPORE (AP) — Chinese e-commerce company JD.com said Thursday that its founder Richard Liu has left his position as CEO, the latest Chinese billionaire founder to step aside amid increased government scrutiny of the country’s technology industry.
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Pandemic legacy: Israeli company transforms jets for cargo
As the airline industry struggles, Israel’s state-owned aerospace company is flying high. Israel Aerospace Industries is cashing in on the growth of e-commerce by converting grounded passenger planes into cargo jets for global giants like Amazon and DHL.
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Alibaba to grow Southeast Asia e-commerce arm to $100b
Alibaba this week revealed an ambitious vision to quintuple its Southeast Asian e-commerce business to $100 billion in transacted sales, as well as a pledge to reach carbon neutrality in its operations by 2030.
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Kroger e-commerce warehouse, nearly 700 jobs coming to NC
CONCORD, N.C. (AP) — The Kroger Co. plans to build a high-tech warehouse in central North Carolina designed to carry out delivery orders for its customers in the growing e-commerce market, creating nearly 700 jobs over five years, Gov.
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Major outage at Amazon disrupts businesses across the US
Amazon’s cloud-service network suffered a major outage Tuesday, disrupting access to many popular sites.
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Major outage at Amazon disrupts businesses across the US
Amazon’s cloud-service network suffered a major outage Tuesday, disrupting access to many popular sites.
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Business Highlights: AWS outage, banking regulator nominee
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Major outage hits Amazon Web Services; many sites affected
NEW YORK (AP) — Amazon’s cloud-service network suffered a major outage Tuesday, the company said, disrupting access to many popular sites.
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Alibaba appoints new CFO, reshuffles e-commerce businesses
HONG KONG (AP) — China’s largest e-commerce group Alibaba said Monday it is appointing a new chief financial officer and reorganizing its e-commerce businesses amid a regulatory crackdown in the technology industry.
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China’s Singles’ Day shopping fest muted amid tech crackdown
China’s biggest online shopping day, known as “Singles’ Day” on Nov. 11, is taking on a muted tone this year as regulators crack down on the technology industry and President Xi Jinping pushes for “common prosperity.”
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China tightens political control of internet giants
After flourishing for two decades with little regulation, China’s internet industries face a future of tighter control by the ruling Communist Party and pressure to pay for its tech ambitions, social welfare and propaganda.
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China’s Alibaba promises $15.5B for development initiatives
E-commerce giant Alibaba Group says it will spend $15.5 billion to support President Xi Jinping’s campaign to spread China’s prosperity more evenly.
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Indonesia’s Gojek, Tokopedia to merge as GoTo Group
Indonesian ride hailing company Gojek and the country’s biggest e-commerce firm Tokopedia said Monday that they are merging to form the GoTo Group, adding to surging competition in Southeast Asia that is attracting billions of dollars from investors.
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Alibaba records first quarterly operating loss since IPO
China’s largest e-commerce company Alibaba Group Holding on Thursday reported its first quarterly operating loss since it went public in 2014, after Beijing slapped a record $2.8 billion fine on the company for abusing its market position.
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Amazon blocked 10 billion listings in counterfeit crackdown
For years Amazon has been under pressure from shoppers, brands and lawmakers to crack down on counterfeits on its site.
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Beijing warns fintech firms against anti-monopoly behavior
Chinese financial regulators have summoned 13 companies engaged in online finance services, including Tencent and Bytedance, and told them to strengthen anti-monopoly measures.
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Founder of Chinese e-commerce firm Pinduoduo departs
HONG KONG (AP) — Colin Huang, founder of the Chinese e-commerce firm Pinduoduo, stepped down as chairman Wednesday just as the company’s annual user base surpassed that of rival Alibaba.
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Japan Post, Rakuten tie-up in digital delivery, cashless pay
TOKYO (AP) — Japan’s postal system is investing 150 billion yen ($1.4 billion) in an 8% stake in the e-commerce venture Rakuten to strengthen a partnership in deliveries, fintech and other areas.
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Amazon CEO Jeff Bezos may step down without stepping away
Even after stepping aside as CEO, Amazon founder Jeff Bezos will likely keep identifying new frontiers for the world’s dominant e-commerce company.
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Deaths, self-immolation draw scrutiny on China tech giants
HONG KONG (AP) — E-commerce workers who kept China fed during the coronavirus pandemic, making their billionaire bosses even richer, are so unhappy with their pay and treatment that one just set himself on fire in protest.
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Walmart’s e-commerce chief to leave after nearly 5 years
NEW YORK (AP) — Marc Lore, Walmart’s e-commerce chief, is leaving the world’s largest retailer, nearly five years after he joined to super charge its online business amid stiffer competition from online leader Amazon.
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Retail’s online future grows brighter after pandemic bump
Online shopping has been a lifeline for many as the virus pandemic shuttered stores and kept people at home.
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Where is Jack Ma, China’s e-commerce pioneer?
BEIJING (AP) — China’s best-known entrepreneur, e-commerce billionaire Jack Ma, made his fortune by taking big risks.
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Alibaba CEO says regulations for internet firms ‘necessary’
HONG KONG (AP) — The chairman and CEO of e-commerce giant Alibaba Group praised Chinese regulators Monday in a possible attempt to repair ties after the stock market debut of its former financial services arm was suspended following criticism of them by billionaire Alibaba founder Jack Ma.
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Walmart sells majority stake in Japanese Seiyu supermarket
TOKYO (AP) — U.S. retailer Walmart is selling off 85% of its wholly owned Japanese supermarket subsidiary Seiyu, while retaining a 15% stake, in a deal valued at 172.5 billion ($1.6 billion), the companies said Monday.
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EU files antitrust charges against Amazon over use of data
LONDON (AP) — European Union regulators filed antitrust charges Tuesday against Amazon, accusing the e-commerce giant of using its access to data from companies that sell products on its platform to gain an unfair advantage over them.
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Fortunes of China’s internet tycoons soar amid pandemic
BEIJING (AP) — Jack Ma, founder of e-commerce giant Alibaba, held onto his status as China’s richest tycoon this year as surging demand for online shopping and other services during the coronavirus pandemic swelled the fortunes of internet entrepreneurs, according to a survey released Tuesday.
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What does Walmart see in TikTok? Millions of young shoppers
NEW YORK (AP) — Walmart may be the world’s largest retailer but it has mostly failed in its efforts to break Amazon’s online dominance.
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