Chinese e-commerce giant Alibaba said Monday that its Taobao Instant Commerce portal, which delivers items within 60 minutes, has surpassed 40 million daily orders within a month of launching. The portal brings merchants from Alibaba's food delivery arm Ele.me onto its main domestic shopping app, Taobao, and is part of a broader move among Chinese online platforms in recent months to invest billions in so-called "instant retail".
BofA Maintains Buy Rating on Merus (MRUS), Lifts PT
On Friday, BofA increased its price target for Merus (NASDAQ:MRUS) to $92 from $70, while maintaining a Buy rating on the stock. The decision follows Merus’ highly favorable Phase 2 trial results for the combination of petosemtamab and pembrolizumab in treating first-line head and neck squamous cell carcinoma/HNSCC. The trial achieved a 12-month objective survival […]
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China's leading food delivery group Meituan on Monday reported a bigger-than-expected 18.1% rise in quarterly revenue as it…
After Meituan stopped its subsidies, Alibaba topped the daily delivery volume on Friday and Saturday, LatePost reported.
Company’s shares jump 19 per cent as investors move on from interim results to focus on quick commerce numbers and AI development.
The company was able to take advantage of the pivot to data-labeling after Meta paid $14.3 billion for a 49% stake in Scale AI in…
Alibaba also expects its cloud computing business to remain on an upwards trajectory in the coming quarters, CEO Eddie Wu says.
Alibaba’s latest initiative is expected to start in selected districts in Shenzhen, Shanghai and Jiaxing in eastern Zhejiang…
