Amazon profits grow 48%; warns of slow growth

Amazon profits grow 48%; warns of slow growth

The e-commerce firm’s growth will be slower in the coming months due to the economic recovery and face-to-face purchases. Amazon achieved profits of 7.8 billion dollars in the second quarter of 2021, which represented an increase of 48 percent compared to the same period of 2020; however, he warned that its growth will be slower […]

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Alibaba falls despite new Singles day record

Alibaba falls despite new Singles day record

Chinese e-commerce giant Alibaba lost nearly 12 percent on the Hong Kong Stock Exchange on Wednesday after news that China will propose new competition rules. This despite the fact that the company broke sales records during the shopping event Singles day. Alibaba’s Gross Merchandise Volume, ie the total value of orders placed on the platform, […]

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