Profits slid 63% YoY in the three months ending in June as the government clamped down on the firm. Overseas Alipay expansion may help reinvigorate growth.
Meta wants to transform WhatsApp into a super app: It is rolling out the ability to search businesses by category, browse their catalogs, and buy without leaving the app.
Los Angeles to become robotaxis’ next proving ground: Despite the controversy surrounding AV technology, Motional and Lyft are gearing up to unleash driverless taxis on the streets of LA.
Alibaba had another difficult quarter: Weak demand and Beijing’s zero-COVID policy continued to take their toll on sales, although loosening government oversight could give the world’s largest digital retailer some breathing room.
Macy’s strong quarter underscores the difficulties facing Kohl’s: While the former is making a name for itself as a one-stop shop ahead of the holidays, Kohl’s lack of brand identity is hurting its chances of recovery.
Kroger Precision Marketing has added Snapchat to its retail media offerings, enabling advertisers to use Kroger’s first-party data to target consumers with Snap or Story ad campaigns.
The card, issued by Celtic Bank and powered by i2c, will be Square’s first foray into small-business credit cards.
Rising mortgage rates are driving up demand for home improvement projects, to the benefit of Home Depot and Lowe’s: Both companies reported Q3 earnings above expectations as consumers spend more to upgrade current living conditions.
Retailers turn to robots to keep up with Amazon: Startups including Attabotics and Pickle Robot Company are raising millions for their warehouse automation solutions.
For almost two years, consumers and businesses have battled the effects of inflation. Let’s rewind to see how we got here … and take a peek at what’s ahead.
Some 40 million people will use Klarna in the US next year, marking a 15.6% increase for the buy now, pay later (BNPL) service. Over the coming years, growth will slip into the single digits, a far cry from the 115.0% surge back in 2020.
British supermarket Morrisons became the latest UK retailer to unveil its own retail media network in September. It follows similar moves by Tesco, Boots, and Sainsbury’s—heralding an acceleration of retail media in the UK. This Analyst Take will explore what’s driving the shift, as well as our predictions for the future of UK retail media networks.
It’s Amazon’s turn to cut jobs: Amazon comes to terms with economic realities, cutting 1% of its workforce to better prepare for Q4 headwinds, uncertainty, and earnings slowdowns, which could lead to further layoffs in 2023.
Here’s what Apple, Google, Amazon, and Twitter are doing to build out a space in financial services—and how Big Tech’s expansion into banking will impact the industry.