AXIOSAmazon leaves retail competitors in the dust, claims 50% of U.S. e-commerce market Marisa Fernandez
Read More »Xinhua — Alibaba tops Amazon as biggest e-commerce company
Milestones Chinese e-commerce giant Alibaba surpassed its U.S. counterpart Amazon as the world's biggest e-commerce company Tuesday as the Hangzhou-based company reached the threshold of 470 billion U.S. dollars in market value.… Alibaba's net profit jumped 96 percent to more than 2.1 billion dollars year-on-year in the first fiscal quarter ending June, beating market expectations. Moreover, the number of active buyers on Alibaba's retail platform climbed to 466 million, accounting for...
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