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Losing a job is always tough, but these pink slips were particularly explosive.
Alibaba's earnings showed accelerating growth and soaring profits for its core Chinese marketplaces. That leaves markets unfazed by the losses the company's growth initiatives are racking up.
Jack Ma's company is expected to report earnings on Jan. 24 before market open.
There are several explanations for the weak action this morning.
Some Walmart and Jet.com executives will move to different roles.
A $70 million deal for Shoebuy.com comes as Walmart continues to build up its online sales offerings.
The litigation comes two weeks after Alibaba's Taobao was included in the U.S. Trade Representative's 'notorious markets' list.
Walmart CEO Doug McMillon has sure been doing a lot of reading this year.
The region might be the next big opportunity for the e-commerce giant to shed home market reliance.
Alibaba further expands in Southeast Asia, a fragmented e-commerce market without a strong competitor like Amazon.
JD.com and other Chinese companies could be hurt by President-elect Donald Trump's protectionist agenda.
Shares of the Chinese online direct sales company now have a very solid base.
Buying Middle Eastern e-commerce leader Souq would help Amazon tap into a market that still has low online retail penetration rates, and where Prime Video might soon be available.
The S&P 500 shakes off recent pressure to move higher as rising crude oil gives the energy sector a big boost.
Investors await corporate earnings reports and important economic data during the week of November 14.
The craziness of politics will share the spotlight with monetary policy in the coming week as investors look toward the Federal Reserve's crucial December meeting.
The president-elect will need Silicon Valley, even though he didn't need it to get elected.
Alibaba's Singles' Day, which generated a whopping $14.3 billion last year, is likely to do even better this year.
The e-commerce giant has introduced a Prime shipping program in China to grab share in the competitive market there, but faces an uphill battle against local competitors Alibaba and JD.com.
First e-commerce platform in China to bring authentic FC Barcelona merchandise to millions of Chinese fans
Alibaba has had an exceptional 2016, with shares rebounding more than 60% off their lows as the company accelerates growth. Investors will be looking to see if that continues.
Initiatives include exclusive Sam's Club store, Walmart cross-border store and two-hour delivery from Walmart stores
The company that ships packages for Jack Ma's e-commerce giant is ready to follow suit with a public listing in the U.S.
Shares of Twitter were falling sharply after takeover hopes were dashed by Google.
Walmart (WMT) lifted its stake in Chinese e-commerce company JD.com (JD) to 10.8%.