Thursday, March 28, 2024
SHANGHAI, China — Alibaba just made e-commerce history. With the company's massive Singles' Day celebration on 11/11 — November 11 — coming to a close, Alibaba reports that customers spent $30.8 billion online over the last 24 hours. That is a significant increase from the $25.3 billion in gross merchandise volume (GMV) Alibaba shoppers spent…
NEW YORK (Reuters) - U.S. companies are warning about rising wages eating into profit margins, increasing investor worries that next year’s expected drop in profit growth may be sharper than feared. FILE PHOTO - A sign for the Wall Street subway station is seen in the financial district in New York City, U.S., August 23,…
“WHO IS KILLING Tencent?” was the headline of an article on a Chinese business news site this autumn. Those sharing the link on WeChat, a social-media and payments service that is the crown jewel of the Chinese technology giant, see something else: “This title contains exaggerated and misleading information”. The swap is ostensibly the result…
THE CAREER OF China’s biggest property tycoon can be divided into two stages. Xu Jiayin started slowly, focusing on Guangzhou, a southern city. Then came the global financial crisis and the government’s response, a giant economic stimulus, launched a decade ago this month. For Mr Xu it was a signal to become far bolder. His…
Enlarge / A bike of roughly the same vintage as the author's. We tend to think of technology as something that moves electrons around. But I'm going to take a little diversion into technology that is used to move us around (and yes, our electrons as well, you pedants). The humble bicycle has been in…
Literati Books, a children’s book club and subscription service, is launching a new holiday series called “Great Minds,” which will feature titles personally selected by some of the most well-known minds across business, media, technology, and academia. And, tallied together, this is no short list. Among the 14 guest curators offering their book recommendations are…
Alibaba Group Holding Ltd. logged 10 billion yuan ($1.44 billion) of sales volume in the opening minutes of its annual Singles’ Day extravaganza, outpacing last year’s start as shoppers around the world swarmed the e-commerce giant’s online bazaars. China’s largest company, which is trying to drum up business via a concurrent televised entertainment spectacle featuring…
Coming May 11, 2019. A brief look at a more depressed Detective Pikachu. Only Detective Pikachu's handler can understand his voice (Ryan Reynolds). Everyone else just hears a "Pika, Pika!" shout. I'm getting some real Howard the Duck vibes from that CGI Psyduck down there. Jigglypuff, seen here flexing his "make people fall asleep" powers.…
In the final months of Mr. Trump’s presidential campaign, Russian agents escalated a yearlong effort to hack and harass his Democratic opponents, culminating in the release of thousands of emails stolen from prominent Democrats and party officials. Facebook had said nothing publicly about any problems on its own platform. But in the spring of 2016,…
Alibaba Group Holding Ltd. logged 168.3 billion yuan ($24.3 billion) in sales in 16 hours of its annual Singles’ Day extravaganza, setting a record as shoppers swarmed the e-commerce giant’s online bazaars. China’s largest company, which used a concurrent televised entertainment spectacle featuring Cirque du Soleil and Mariah Carey to further drum up business, reported…