JD.com Inc. Surpasses Expectations with 1.7% Revenue Growth JD.com Inc. has reported a stronger-than-expected 1.7% increase in quarterly revenue, driven by heavy promotional spending that boosted online transactions amid fierce competition in the e-commerce industry. The company’s revenue for the September quarter totaled 247.7 billion yuan ($34.2 billion), surpassing the average analyst estimate of 246.6 …
Lazada is the third-largest e-commerce player in Indonesia, after Sea Limited’s Shopee and Tokopedia, according to Momentum Works. Matt Hunt | Lightrocket | Getty Images Lazada, a Southeast Asian e-commerce marketplace owned by Alibaba, is actively seeking sellers impacted by Indonesia’s recent e-commerce regulation, said James Chang, the company’s Indonesia CEO, in a town hall …
A paramedic prepares doses of the AstraZeneca vaccine for patients at a walk-in Covid-19 clinic inside a Buddhist temple in the Smithfield suburb of Sydney on Aug. 4, 2021. Saeed Khan | AFP | Getty Images Check out the companies making headlines in early trading. AstraZeneca — The British pharmaceutical company’s shares rose over 2.7% …
A visitor views a titanium hybrid 2020 Ford Escape FWD small SUV at the Canadian International Auto Show in Toronto, Ontario, in Canada, Feb. 18, 2020. Chris Helgren | Reuters Discover the latest news in midday trading. Ford — Shares surged approximately 2% during midday trading after a CNBC report highlighted advancements in negotiations between …
You can watch David Faber’s interview with Arm CEO Rene Haas and SoftBank CEO Masayoshi Son on CNBC Pro. In an interview with CNBC, Arm Holdings CEO Rene Haas stated that despite the geopolitical challenges in the past few years, Arm’s China subsidiary is performing well and has great potential in data center and automotive …
Signage at the Alibaba Group Holding Ltd. booth at the Smart China Expo in Chongqing, China, on Monday, Sept. 4, 2023. Qilai Shen | Bloomberg | Getty Images Alibaba aims to prioritize the “user first” and “AI-driven” approach, according to the new CEO Eddie Wu, who recently addressed the employees. Wu, who assumed the role …
Visitors at the Tesla booth at the World Artificial Intelligence Conference in Shanghai, July 6, 2023. Costfoto | Nurphoto | Getty Images Discover the latest trending companies in midday trading. Tesla — The stock of the electric vehicle manufacturer surged more than 10% following an upgrade from Morgan Stanley. Analyst Adam Jones predicts a significant …
Qualcomm CEO Cristiano Amon. Carlo Allegri | Reuters Discover the companies attracting attention in premarket trading on Monday. Tenable Holdings — The provider of exposure management solutions experienced a 3% increase before the market opened after JPMorgan upgraded its rating from neutral to overweight. The bank stated that the company’s future business fundamentals are expected …
Tencent showcased its groundbreaking technology at the prestigious 2023 World Artificial Intelligence Conference, held in Shanghai on July 8, 2023. Renowned Chinese tech titan Tencent is poised to unveil its highly-anticipated artificial intelligence model, “Hunyuan,” specially tailored for business applications, at an exclusive summit on Thursday. Dowson Tong, CEO of Tencent’s cloud and smart industries …
Boston Scientific Corp. Chitose Suzuki Discover the top-performing companies in midday trading. RPT Realty — Shares of RPT Realty jumped 19% following the announcement that Kimco Realty will acquire the real estate investment trust in a $2 billion all-stock deal. Kimco CEO Conor Flynn stated that approximately 70% of RPT’s portfolio aligns with their key …