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Report: Alibaba primed for explosive global growth
Move over Amazon — China's largest online player is looking to take on the world. Now the largest e-commerce company in the world with $430 billion in gross merchandise volume, Alibaba is seeking to become a global company as well with a goal of serving more than 2 billion shoppers, according to a new report by global think tank FGRT (Fung Global Retail & Technology). -
Online home decor giant gains momentum in Q2
Despite posting a loss for the second quarter, Wayfair’s brand continues to gain traction and square off against competitors. For the second quarter ended June 30, the home decor and furnishings e-retailer narrowed its net loss to $38.9 million from $48.3 million in the same period a year ago. It also posted a smaller-than-expected second quarter loss of 26 cents per share, beating analyst expectations of 46 cents per share, according to FactSet.

