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.
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.
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.
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.
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.
Amazon’s cloud-service network suffered a major outage Tuesday, disrupting access to many popular sites.
Amazon’s cloud-service network suffered a major outage Tuesday, disrupting access to many popular sites.

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.
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.
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.”
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.
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.
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.
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.
For years Amazon has been under pressure from shoppers, brands and lawmakers to crack down on counterfeits on its site.
Chinese financial regulators have summoned 13 companies engaged in online finance services, including Tencent and Bytedance, and told them to strengthen anti-monopoly measures.
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.
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.
Even after stepping aside as CEO, Amazon founder Jeff Bezos will likely keep identifying new frontiers for the world’s dominant e-commerce company.
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.
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.
Online shopping has been a lifeline for many as the virus pandemic shuttered stores and kept people at home.
BEIJING (AP) — China’s best-known entrepreneur, e-commerce billionaire Jack Ma, made his fortune by taking big risks.
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.
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.
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.
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.
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.
TAIPEI, Taiwan (AP) — Taiwan declared an e-commerce platform linked to China’s Alibaba Group a potential security risk and told its operator Monday to register as a company from the rival mainland or dispose of its ownership stake.