Amazon buys MGM for $8.45 billion in second largest acquisition to date
The deal will drastically increase the number of film and television titles available on Prime Video.
The deal will drastically increase the number of film and television titles available on Prime Video.
The United States was the top country selling to China by GMV, with US brands accounting for $5.4 billion of the event's total GMV.
The retailer also revealed that it gained 10 million new digital customers in the first half of 2020 and $5 billion in market share across its core merchandise categories.
Walmart said it had $1.1 billion in pandemic-related costs in the fourth quarter. The retailer is also raising the hourly wage for US employees to above $15 per hour.
The e-commerce company said Q3 revenue was $2.6 billion, up 25% from the same period last year.
The electronics retail giant said online sales climbed 242.2% and contributed more than of its domestic total revenue.
The company said its quarterly results were bolstered by an uptick in consumer online spending during the COVID-19 pandemic.
According to the latest American Consumer Satisfaction Index, all 13 measured categories of retail satisfaction fell amid the tsunami of e-commerce traffic throughout 2020.
The deal aims to help Shopify merchants reach TikTok's younger audience, while also expanding TikTok's portfolio of business services.
The pilot will focus on delivering certain grocery and household items from Walmart stores using automated drones from Israeli startup Flytrex.