Tag: e-commerce

Shein Delays Hong Kong IPO to September After Four-Year Listing Struggle

Shein has pushed its Hong Kong stock market debut to no later than September 1, extending a four-year effort to go public across three cities.

Amazon Expands Drone Delivery to Nearly 500 US Cities This Year

Amazon announced Thursday it will extend drone delivery to nearly 500 US cities this year, carrying 5-pound packages in as fast as 30 minutes.

Alibaba Sells Gaming Arm Lingxi to Trustar Capital in $2 Billion Deal

Alibaba has agreed to sell gaming arm Lingxi Games to Trustar Capital in a deal reportedly worth over $2 billion as it prioritizes AI and e-commerce.

Sea Limited Shares Surge 9% as Revenue Climbs 48% and Shopee Outlook Strengthens

Sea Limited shares rose about 9% after quarterly revenue climbed 48% and the company delivered a stronger outlook for its Shopee e-commerce business.

Wayfair Posts Strongest U.S. Growth Since 2020 in Second-Quarter Turnaround

Wayfair reported its strongest U.S. sales growth since 2020 in the second quarter, signalling a rebound for the online home goods retailer.

Shopify Shares Soar 18% as Upbeat Forecast Shows AI Boosting E-Commerce Business

Shopify shares jumped more than 18% after an upbeat third-quarter forecast signaled its AI investments are attracting merchants rather than disrupting busi

Etsy to Cut 12% of Workforce in Restructuring Aimed at Long-Term Growth

Etsy will lay off roughly 12% of its staff in a restructuring effort to streamline operations and position the online marketplace for long-term growth.

eBay Agrees to Pay Roughly $50 Million to Couple Targeted in Bizarre Harassment Campaign

eBay has agreed to pay roughly $50 million to a Massachusetts couple targeted by former employees with threats and bizarre deliveries, ending years of liti

Shein Files for Hong Kong IPO After Swinging to Quarterly Loss Despite Revenue Growth

Shein has filed for a Hong Kong IPO after swinging to a quarterly loss despite revenue growth, marking a pivot from earlier London listing plans.

Ukrainian Drone Strikes Hit Wildberries Warehouses, Straining Russia’s Retail Sector

Ukrainian drones have struck several warehouses of Russia's largest online retailer Wildberries, disrupting logistics and straining the retail sector.

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