Chinese e-commerce giant Alibaba’s annual Nov. 11 Singles’ Day shopping festival, the world’s biggest retail bonanza, recorded its slowest year-on-year growth in total transactions. This year, the event’s gross merchandise volume—the value of all transactions on the company’s marketplace—increased 8.5% to $84.5 billion. Last year, the event’s GMV grew 26%. The slower growth reflects a big...
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The Briefing Media/Telecom Markets
Ultrafast Wars Raise Risk of Investor Injury
Wandering around Manhattan has lately become a not-so-fun exercise in dodging the stream of bicycles ridden ferociously by delivery couriers, a population that is growing with the proliferation of ultrafast grocery-delivery services. DoorDash’s announcement on Monday that it is jumping into the ultrafast fray suggests that the danger of severe injury may be about to increase. But it may be...
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