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SHANGHAI (Reuters): Alibaba Group Holding Ltd beat Wall Street estimates for third-quarter revenue on Tuesday, as its e-commerce business benefited from a switch to online shopping triggered by the COVID-19 pandemic.
(Reuters) - China's Alibaba Group Holding Ltd beat estimates for third-quarter revenue on a pandemic-driven jump in e-commerce, but its shares dropped amid regulatory heat for founder Jack Ma's business empire.
OVER the recent holidays. I met up with many friends, most wearing a protective face mask in a rather relaxed observance of social-distancing guidelines.
If you worry about all the waste generated by the annual rush of holiday shopping and gift giving, it’s nothing compared to the mountains of discarded packaging that comes from a single event in China.
Sales of digital games fell 10% year-over-year between Black Friday and Cyber Monday, largely the result of shortages of new consoles from Microsoft Corp and Sony Corp, according to research firm SuperData.
SYDNEY: Australia’s economy rebounded sharply in the third quarter from a coronavirus-induced recession as consumer spending surged, though the country’s top central banker signalled monetary policy will stay accommodative for a while.
Amazon.com Inc said on Dec 1 independent businesses selling on its platform crossed US$4.8bil (RM19.57bil) in worldwide sales from Black Friday through Cyber Monday, an increase of more than 60% from a year earlier.
The viral pandemic is accelerating a transformation of America’s holiday shopping season.
Cyber Monday was set to become the biggest online shopping day ever for the United States, garnering up to US$11.4bil (RM46.5bil) as the coronavirus pandemic prompts consumers to stay at home and turn to the Internet for their holiday shopping needs.
US online sales surged on the traditional “Black Friday” to set the country’s second-highest one-day mark ever as virus-wary Americans shunned in-person shopping, the Adobe software company reported on Nov 28.