Tag Archives: ecommerce

By Alexander Marrow MOSCOW (Reuters) -Russian internet giant Yandex said on Wednesday it intends to spend around $650 million on e-commerce initiatives this year, more than previously planned, after reporting strong second-quarter results and upgrading its 2021 revenue forecast. Group revenue this year should now be between 330 and 340 billion roubles ($4.49-$4.63 billion), Yandex said, up from 315-330 billion roubles previously. Second-quarter revenue jumped 70% year-on-year to 81.4 billion… Source link

The Company’s Global Telesat Communications Unit Approved as an Alibaba Gold Supplier as it Expands Global Sales Activities AVENTURA, FL / ACCESSWIRE / July 13, 2021 / Orbsat Corp (NASDAQ:OSAT)(NASDAQ:OSATW) (“Orbsat” or “the Company”), a global provider of IoT and connectivity solutions through next-generation satellite technology, today announced that its Global Telesat Communications (GTC) unit has entered into an agreement with Alibaba.com, the B2B (Business-to-Business) e-commerce… Source link

Facebook, Inc. (FB) is constantly looking for ways to expand into new business verticals. This is evident from the company’s investments in virtual reality and artificial intelligence. Similarly, Facebook is trying to tap the lucrative opportunity available in the ecommerce industry, which is expected to grow exponentially in the next decade. On June 22, the company announced the launch of Shops on WhatsApp and Facebook Marketplace. Previously, the feature was available only on Instagram… Source link

FedEx (FDX) is poised to report fiscal fourth-quarter earnings after market close on Thursday, with the shipping company’s results likely to get a boost from persistent strength in e-commerce and a pick-up in business and international shipping. Here are the main metrics expected from FedEx’s report, compared to consensus estimates compiled by Bloomberg: The Memphis, Tennessee-based company is expected to see sales grow by 24% over last year, or at the fastest rate since at least 2010, based… Source link

The growth of e-commerce could make it easier for supply chains to lower their carbon footprint, according to a new report by DHL (DPSGY) and FINN Partners’ Global Supply Chain, Logistics & Transportation Practice. “We started to dig in and look at a couple of key areas in the paper where we think the trends in e-commerce would have an impact on sustainability,” Greg Hewitt, CEO of DHL Express USA, told Yahoo Finance Live (video above). “That was the last-mile delivery, first and mid… Source link

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MOSCOW, May 31 (Reuters) – Russian internet giant Yandex on Monday said it had agreed to buy online fashion retailer KupiVIP on undisclosed terms to enhance its Yandex.Market e-commerce offering. Sometimes described as Russia’s Google, Yandex offers a raft of services, from advertising and searches to ride-hailing and food delivery, and has said it plans to spend $400-500 million on an e-commerce drive this year. The deal is subject to regulatory approval and should be completed in the third… Source link

Bloomberg Stock Splits Are Back. So Is the Debate Over Whether They Matter (Bloomberg) — Stock splits are back in vogue among big U.S. companies, reviving a debate about whether the practice that had fallen out of favor for years is worth the fuss.Last week, Nvidia Corp. became the eighth company in the S&P 500 Index to announce a split in the past year, joining big names like Apple Inc. and Tesla Inc. That’s the most over a comparable period in six years, according to data compiled by… Source link

Russian internet giant Yandex has raised its 2021 revenue forecast, saying that strong growth in newer business areas such as e-commerce and food delivery pushed advertising’s share of group revenues below 50% for the first time. Yandex’s advertising and search business, still the driving force of its profits, has recovered from a hit during the early stages of the COVID-19 pandemic. At the same time, its revenue growth has been outpaced by the newer business… Source link

OAKLAND, Calif. — Google tried to copy Amazon’s playbook to become the shopping hub of the internet, with little success. Now it is trying something different: the anti-Amazon strategy. Google is trying to present itself as a cheaper and less restrictive option for independent sellers. And it is focused on driving traffic to sellers’ sites, not selling its own version of products, as Amazon does. In the last year, Google eliminated fees for merchants and allowed sellers to list their… Source link