Latest E-commerce News

Buffett's firm buys more Apple, Amazon while betting on oil

Aug. 15, 2022 19:01 PM EDT

OMAHA, Neb. (AP) — Warren Buffett's company bet more on high-tech darling Apple and e-commerce giant Amazon during the second quarter, while also investing billions in old-school oil producers Occidental Petroleum and Chevron. Berkshire Hathaway detailed all its second-quarter...

Alibaba to seek primary listing in Hong Kong, adding to NYSE

Jul. 26, 2022 02:05 AM EDT

HONG KONG (AP) — Alibaba, the world’s biggest e-commerce company by sales, announced plans Tuesday to change the status of its shares traded in Hong Kong, making them more accessible to Chinese investors at a time when Beijing is pressing tech companies to share their wealth with the public. ...

Alibaba reports slowest growth yet amid COVID-19 outbreaks

May. 26, 2022 09:50 AM EDT

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. Revenue increased 9% to 204.05 billion...