‘I just one hour a day’ on my online business

In 2014, I was earning $85,000 a year as a full-time web developer. While I made enough to cover my living expenses, I felt like I was putting too much of my time into the job. I knew that there were opportunities to make passive income in e-commerce. So in 2016, after experimenting with “dropshipping” … Read more

ByteDance, Pinduoduo launch overseas e-commerce sites in challenge to Amazon

TikTok owner ByteDance has launched a women’s fashion website called If Yooou. Pinduoduo launched an e-commerce site in the US called Temu. The two companies are the latest Chinese tech giants to look to crack the international e-commerce market dominated by Amazon. Mike Kemp | In Pictures | Getty Images Pin duo duo and TikTok … Read more

Under-the-radar trend shows tech investors loyal despite major losses

It appears most ETF investors aren’t cashing out of technology despite this year’s painful losses. The widely luck ARK Innovation ETF and the Technology Select Sector SPDR Funddown 59% and 25% respectively this year, aren’t showing meaningful outflows so far this year. Invesco’s Anna Paglia lists a reason: Investors are more loyal to the idea … Read more

Chinese e-commerce giant slowest growth on record

Chinese technology companies including JD.com are facing headwinds from China’s Covid lockdowns and subsequent economic impact as well as the country’s tighter regulatory environment for technology businesses. Qilai Shen | Bloomberg | Getty Images JD.com beat top and bottom line expectations in the second quarter, but posted its slowest year-on-year revenue growth on record, becoming … Read more

Alibaba (BABA) earnings fiscal Q1 June quarter

Alibaba has faced growth challenges amid regulatory tightening on China’s domestic technology sector and a slowdown in the world’s second-largest economy. But analysts think the e-commerce giant’s growth could pick up through the rest of 2022. Kuang Da | Jiemian News | VCG | Getty Images Alibaba reported fiscal first-quarter earnings on Thursday that beat … Read more

Slowest quarterly revenue growth on record

Chinese e-commerce giant JD.com posted its slowest quarterly revenue growth on record for the first three months of the year, as Covid-19 lockdowns in the world’s second-largest economy weighed on consumer spending. JD.com beat estimates on revenue but missed expectations on profit. Here’s how JD did in the first quarter of 2022, versus Refinitiv consensus … Read more

Slowest revenue growth since IPO

Alibaba’s headquarters in Hangzhou, China, on Wednesday, Nov. 10, 2021. Qilai Shen | Bloomberg | Getty Images Alibaba on Thursday reported its slowest quarterly revenue growth since going public and missed expectations, but the Chinese e-commerce giant did beat on earnings. Here’s how Alibaba did in its fiscal third-quarter, versus Refinitiv consensus estimates: Revenue: 242.58 … Read more