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Alibaba beats quarterly revenue estimates on online boom
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.
Alibaba beats revenue forecast, shares slide amid regulatory challenges
(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.
Better than you think
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.
China’s online shopping addiction is killing its green packaging drive
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.
PlayStation, Xbox console shortages taking toll on game sales
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.
Australia’s economy rebounds sharply in Q3
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 says sellers racked up more than US$4.8bil in sales over weekend
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.
This holiday season, Americans are shopping from home
The viral pandemic is accelerating a transformation of America’s holiday shopping season.
Cyber Monday poised to mark record for US online retail sales
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 surge to near-record on ‘Black Friday’
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.
