Walmart Inc. (NYSE: WMT) reported its fourth quarter financial results on Tuesday and surpassed analysts’ estimates in both earnings and revenue. Shares rose by 3.4% shortly after the opening...
Tag: Ecommerce
Foot Locker, Inc. (NYSE: FL) announced Thursday that it is making a USD 100 Million strategic minority investment in GOAT Group. GOAT Group, founded in 2015, offers a diverse...
Skechers U.S.A., Inc. (NYSE: SKX) reported its fourth quarter and 2018 full-year results after market close on Thursday. The shoe maker crushed estimates and guidance outlook, sending shares surging...
Snap Inc. (NYSE: SNAP) reported its fourth quarter financial results after market close on Tuesday and crushed analysts’ estimates. The Company topped expectations in earnings, revenue, and user growth,...
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Alibaba Acquires Data Artisans for USD 103 Million
Chinese e-commerce Alibaba (NYSE: BABA) has acquired Berlin-based stream processing startup Data Artisans (dA) for EUR 90 Million, or about USD 103 Million in order to enhance data processing...
AI
Automotive
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Baidu will help Deliver Walmart Groceries in Self Driving Vans
Baidu, Inc. (NASDAQ: BIDU) will soon be helping make deliveries for Walmart (NYSE: WMT), putting it into direct competition with Google’s driverless technology, as per CNN. California startup Udelv...
Cloud Computing
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Amazon Web Services Launces Arm-Based Server Chips
Amazon.com Inc.’s (NASDAQ: AMZN) cloud business introduced on Monday a new server chip powered by the energy-efficient Arm processing architecture, a cheaper computing option. Amazon Web Services, the clear...
Hibbett Sports, Inc. (NASDAQ: HIBB) reported Q3 Financial Results on Tuesday morning. Comparable sales for the 13-week period ended November 3, 2018 increased 0.1%. E-commerce sales increased 62.2%, and represented 8.8%...
Dolce & Gabbana is facing a major crisis in China, where top e-commerce sites are dumping its products over accusations of racism. Thousands of D&G goods have disappeared from...
JD.com Inc. (NASDAQ: JD) reported its third quarter financial results before the opening bell on Monday and missed revenue estimates. JD shares were trading 5.84% lower shortly after the...
