MercadoLibre, the largest e-commerce platform in Latin America, announced their stable 4th-quarter profit despite facing a significant tax hit. The company’s revenue distribution remained strong across all sectors, with their financial services arm contributing significantly to their earnings.
Walmart reported a rise in their earnings for the last quarter of 2021, fueled by strong holiday sales and a surge in e-commerce. The retail giant’s profits exceeded expectations, showcasing its resilience amidst the ongoing pandemic.
/cdn.vox-cdn.com/uploads/chorus_asset/file/25225662/Courier_Boxes_13_003_04_02_02_242_160_110_11.jpg "FedEx enters the online marketplace with innovative e-commerce platform to rival Amazon")
In a bid to remain competitive in the fast-paced world of e-commerce, global shipping giant FedEx has just announced the imminent arrival of its latest innovation – a brand new e-commerce platform. The move comes as no surprise, considering the fierce competition posed by online retail behemoth Amazon. FedEx is determined to assert its position in this ever-growing market and solidify its presence as a key player.
Alibaba Group Holding Limited, one of China’s leading multinational conglomerates, has announced a major reshuffle of its top management. In the latest development, company CEO Eddie Wu will be taking charge of the e-commerce giants Taobao and Tmall. This move comes as Alibaba seeks to streamline its operations and consolidate its position in the highly competitive e-commerce market.
In a groundbreaking development, PDD (Pinduoduo) has emerged as China’s most valuable e-commerce company, surpassing the long-reigning giant Alibaba. This extraordinary milestone reflects PDD’s remarkable growth and skyrocketing market capitalization, cementing its position as a pioneering force in China’s digital economy.
