Latest news with #DeborahSophia
The Star
15-05-2025
- Business
- The Star
Alibaba misses quarterly revenue estimates
(Reuters) -Chinese e-commerce giant Alibaba reported quarterly revenue that missed Wall Street estimates on Thursday, as the firm works on new strategies to keep consumers spending amid persistent economic weakness and global trade uncertainties. The company reported revenue of 236.45 billion yuan ($32.79 billion) in its fiscal fourth quarter ended March 31, compared with analysts' estimates of 237.24 billion yuan, according to data compiled by LSEG. ($1 = 7.2107 Chinese yuan renminbi) (Reporting by Deborah Sophia in Bengaluru and Casey Hall in Shanghai; Editing by Jacqueline Wong and Shinjini Ganguli)
Business of Fashion
09-05-2025
- Business
- Business of Fashion
Canada's Shopify Sees Second-Quarter Revenue Above Market Estimates
Shopify forecast second-quarter revenue above Wall Street estimates on Thursday, signalling the e-commerce company was steadily pulling in sellers even as global trade uncertainty threatens to hit retail businesses. The Ontario, Canada-based company said it expects revenue to grow in the mid-twenties percentage range in the current quarter, while analysts on average estimate growth of 22.4 percent, according to data compiled by LSEG. By Deborah Sophia; Edited by Shinjini Ganguli Learn more: Shopify Must Face Data Privacy Lawsuit in US A US appeals court revived a data privacy class action suit against Shopify Monday, stating the Canadian e-commerce company can be sued in California for collecting personal identifying data from its consumers.
The Star
08-05-2025
- Business
- The Star
Canada's Shopify sees second-quarter revenue above market estimates
Shopify logo is seen in this illustration taken, February 11, 2025. REUTERS/Dado Ruvic/Illustration (Reuters) -Shopify forecast second-quarter revenue above Wall Street estimates on Thursday, signaling the e-commerce company was steadily pulling in sellers even as global trade uncertainty threatens to hit retail businesses. The Ontario, Canada-based company said it expects revenue to grow in the mid-twenties percentage range in the current quarter, while analysts on average estimate growth of 22.4%, according to data compiled by LSEG. (Reporting by Deborah Sophia in Bengaluru; Editing by Shinjini Ganguli)
Reuters
06-05-2025
- Business
- Reuters
Uber to acquire 85% stake in Trendyol GO food delivery business for $700 million
The logo of Uber is seen at the Promenade road during the World Economic Forum (WEF) 2023 in Davos, Switzerland, January 20, 2023. REUTERS/Arnd Wiegmann/File Photo Purchase Licensing Rights , opens new tab May 6 (Reuters) - Uber Technologies (UBER.N) , opens new tab said on Tuesday it has entered into an agreement with Turkish e-commerce firm Trendyol Group to acquire an 85% stake in its Trendyol GO online food delivery business for about $700 million in cash. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. Reporting by Deborah Sophia in Bengaluru; Editing by Shinjini Ganguli Our Standards: The Thomson Reuters Trust Principles. , opens new tab Share X Facebook Linkedin Email Link Purchase Licensing Rights
Yahoo
06-05-2025
- Business
- Yahoo
Uber to acquire 85% stake in Trendyol GO food delivery business for $700 million
(Reuters) - Uber Technologies said on Tuesday it has entered into an agreement with Turkish e-commerce firm Trendyol Group to acquire an 85% stake in its Trendyol GO online food delivery business for about $700 million in cash. (Reporting by Deborah Sophia in Bengaluru; Editing by Shinjini Ganguli)
