wingcompany owned by alphabet delivers groceries And even coffee using autonomous drones is entering seven more US cities through its partnership with Walmart. The expansion is part of a broader plan to build a drone delivery network to more than 270 Walmart locations by next year. The new markets include Memphis, New Orleans, Philadelphia, Phoenix,…
E-commerce logistics company Stord raises $250 million funding round at $3 billion valuation announced Tuesday This has doubled its valuation from a year ago. The new funding was led by Strike Capital, with participation from Kleiner Perkins, Founders Fund, Franklin Templeton, Baillie Gifford, G Squared and Bond. Stord was founded in 2015 by then-college students…
Jaap Arriens | Nurphoto | Getty Images Alibaba on Wednesday said its core profitability plunged in the March quarter amid heavy investments in tech and e-commerce, even as the company’s executives talked up its AI revenue growth. The Chinese tech giant said its adjusted earnings before interest, taxes, and amortization (EBITA), a measure of the…
Amazon Pharmacy, the retail giant’s online pharmacy, plans to bring same-day prescription delivery to about 4,500 US cities and towns by the end of this year, adding about 2,000 new communities to its network. This expansion will cover customers in the company’s new serving states such as Idaho and Massachusetts announced On Wednesday. Amazon launches…
VC firms DST Global and Iconic are funding London and New York-based e-commerce startup Swap Commerce. startup on wednesday announced It raised a new $100 million round just six months after raising a $40 million Series B round led by Iconiq. Founded in 2022, Swap Commerce offers an AI-powered platform that helps brands create web…
Earlier today, Shopify suffered a major disruption that disrupted the operations of many merchants, leaving them unable to complete transactions. According to Shopify status pageThe company has found the problem and fixed it. The disruption is especially problematic because customers were actively searching for deals on Cyber Monday, one of the busiest online shopping days…
Alibaba showcase its AI technology application achievements from Alibaba Cloud at the World Artificial Intelligence Conference in Shanghai, China on July 26, 2025. Cfoto | Future Publishing | Getty Images Alibaba delivered better than expected revenue in its fiscal second quarter as sales in its key cloud computing division accelerated. Alibaba’s New York-listed shares were…
Amazon is rolling a new feature that makes it easier to buy more throughout the week. The company said that now it is updating its Amazon shopping app and website with a new addition, which allows Prime members to add items to the upcoming delivery with a tap instead of creating a new order. This…
Signage at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Thursday, Feb. 6, 2025. Qilai Shen | Bloomberg | Getty Images Alibaba‘s Hong Kong listed shares surged more than 19% on Monday as the Chinese tech giant’s cloud computing unit drove strong quarterly results, while details emerged over its new AI chip development….
The Alibaba office building in Nanjing, Jiangsu province, China, on Aug. 28, 2024. CFOTO | Future Publishing | Getty Images Alibaba posted a better-than-expected bottom line in the June quarter fueled by accelerated sales at its cloud computing unit and a continued revival of its e-commerce business. Still, the Chinese giant’s revenues came in under…
