Chinese-owned e-commerce marketplaces are increasingly popular in the western world. On the flip side, the rise in popularity of apps and marketplaces like TikTok, TaoBao, Pinduoduo, Temu, Alibaba, AliExpress, has resulted in sharp public scrutiny regarding the business practices of these companies.
The initiator of the price war also fell on the price war. On January 25th, Tesla released an unexpectedly dismal financial report.In 2023, Tesla's annual revenue reached a record high, reaching $96.773 billion, a year-on-year increase of 19%. But the operating profit was only $8.891 billion, a year-on-year decrease of 35%.
In light of the cumulative tightening of monetary policy, the consumer spending has shown some signs of cooling off, which further take a toll on the retailers, just like Nike.
Amid volatile macroeconomic conditions, weaker demand has hit revenue outlook of package delivery giant FedEx. The shares fell 12% after FedEx cut its revenue forecast.
Dell had its best day since founder and CEO Michael Dell brought the company back to the stock market in 2018.
