In Germany, the Saturday before Christmas is traditionally the busiest shopping day of the year. About one-third of all gifts are books. For booksellers, this Saturday is the grand event.
Chinese e-commerce firm Alibaba already ranks alongside Amazon and Walmart as one of the world's largest retailers. Its latest announcement of a major logistics investment and takeover shows the scale of its ambitions.
Shares in the Chinese e-commerce giant Alibaba jumped more than 5 percent on Thursday after the company reported a 59 percent year-on-year increase in its first-quarterly revenue to nearly $5 billion.
Shares in Chinese e-commerce giant Alibaba soared after the online retailer said it had logged a 39 percent spike in fourth-quarter revenue. The breakneck growth defied China's slowing economy and increasing competition.
Internet giants Google and Amazon have both posted results for the third quarter. Google parent Alphabet posted stronger than expected revenues. Expenses for Amazon rose and its forecast disappointed analysts.
© 2017 Deutsche Welle |
Legal notice |
| Mobile version