Shopify sees slowing growth ahead after logging double-digit gains in gross merchandise value (GMV) and revenues. Inflation is a headwind, management said, even as consumers continue to move back to brick-and-mortar commerce. Details in the earnings supplementals show that the company has seen 40% growth...
The chief executive officer for Singapore’s ride-hailing unicorn Grab said business is off, but the platform’s diversified services and liquidity will help drive it through the pandemic storm. “We are fortunate to have ample liquidity to tide us through, whether it’s a 12-month recession or...
China’s Alibaba broke sales records during the 24-hour shopping event known as Singles Day, CNBC reported on Monday (Nov. 11). The gross merchandise value (GMV), which shows Alibaba’s sales across all its eCommerce platforms, blew past 2018’s record of nearly $30.5 billion. Within 90 minutes,...
The expectations for eCommerce giant eBay’s quarter may have been muted, and so the company’s latest quarterly results were better than expected. In terms of the headline numbers, eBay, which has been in the midst of a restructuring program, posted a top line of $2.6...
January 30, 2019
In Q4, eBay saw deceleration into the end of the year, in part, on macro headwinds internationally as buyer volumes slowed, but still logged growth in active buyers, as well as top and bottom lines that beat estimates. Managed payments showed growth with sellers, up 40 percent in Q4, and will be a key strategy headed into the next few years.
June 04, 2023
Walmart plans to double its overseas gross merchandise volume to $200 billion in five years. “It is a pretty ambitious target,” said Judith McKenna, Walmart International’s CEO, whose comments were reported Friday (June 2) by Reuters. “The markets that we have today have plans to be able to get there.” McKenna spoke to analysts in […]
April 16, 2020
The chief executive officer for Singapore’s ride-hailing unicorn Grab said business is off, but the platform’s diversified services and liquidity will help drive it through the pandemic storm. “We are...
November 11, 2019
China’s Alibaba broke sales records during the 24-hour shopping event known as Singles Day, CNBC reported on Monday (Nov. 11). The gross merchandise value (GMV), which shows Alibaba’s sales across...
April 24, 2019
The expectations for eCommerce giant eBay’s quarter may have been muted, and so the company’s latest quarterly results were better than expected. In terms of the headline numbers, eBay, which...
