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2 mins read

'Big Short' investor Michael Burry boosts Alibaba, Baidu, and JD.com bets as he doubles down on China

Michael Burry's Scion Asset Management ramped up its bets on three Chinese tech giants but also hed…

Theron Mohamed   


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4 mins read

Goldman's top equity strategist tells BI 2 similarities between today's market and the dot-com bubble — and what it means for your portfolio

Goldman's top strategist David Kostin is seeing market concentration at its highest in decades — an…

Christine Ji   


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1 min read

JD.com plummets after Walmart sells its $3.6 billion stake in the Chinese retailer

Walmart acquired a 5% stake in JD.com in 2016 when it was seeking to level up its retail business i…

Matthew Fox   


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2 mins read

Trump praised the sanitary conditions at McDonald's 2 days before a deadly E. coli outbreak at the fast food giant became public

"I'm a person that — I like cleanliness, I like clean," Trump said of his love of fast food in 2016…

John L. Dorman,Geoff Weiss   


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5 mins read

Delivering food on an e-bike or moped is a deadly endeavor in New York City

The fatality rate for app-based delivery drivers using non-car transport is five times as high as c…

Eliza Relman,Madison Hoff   


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2 mins read

E-commerce startup Bolt wants to raise new money under aggressive terms that could make its once-ousted founder rich, reports say

Bolt founder Ryan Breslow proposes returning as CEO with a $2 million bonus and $1 million in back …

Shubhangi Goel   


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2 mins read

Warren Buffett once warned that most dot.com startups would fail. His words lit a fire under Amazon's Jeff Bezos.

Warren Buffett's warning that most internet startups would fail was a wake-up call for Bezos. "He d…

Theron Mohamed   


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4 mins read

Marc Lore co-founded Jet.com and ran e-commerce at Walmart. Now he's out to prove he can make the delivery of 'fast fine' restaurant food work in NYC.

Like Goldbelly, Wonder sells high-quality meals from top US chefs and restaurants. But Wonder's mea…

Nancy Luna   


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2 mins read

Weilun Soon   


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1 min read

E-commerce giant JD.com accepts China's digital currency for world's biggest shopping event

According to JD, over 100,000 customers have paid using China's digital currency on the JD shopping…

Phil Rosen   


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4 mins read

Madison Hall   


Business Insider Latest Story Image
2 mins read

Walmart's star e-commerce exec Marc Lore is leaving the retail giant to build a 'city of the future' modeled on a 'reformed version of capitalism'

Marc Lore originally joined Walmart in 2016, when he sold his startup, Jet.com, to the retailer for…

Allana Akhtar   


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2 mins read

Chinese e-commerce site JD.com surges 17% as the company reports record user growth in the 2nd quarter and plays down impact of tech crackdown

Some international investors seemed to be wading back into Chinese tech stocks on Tuesday, with big…

Ethan Wu   


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2 mins read

'Big Short' investor Michael Burry reveals new bets on Alibaba, MGM, and JD.com

Burry's Scion Asset Management swapped out all but two of the holdings in its US stock portfolio, a…

Theron Mohamed   


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2 mins read

UK fast fashion giant Boohoo is becoming a transatlantic force: Total sales topped $1 billion in the first half of 2020, and US sales doubled

British fashion retailer Boohoo earned $1.05 billion in sales in the six months to August — and nea…

Grace Dean   


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3 mins read

Is the AI stock boom a dot-com-style bubble? David Rosenberg, Jeremy Siegel, and 5 other experts weigh in.

Experts including David Rosenberg and analysts from Wall Street banks including Bank of America hav…

Zinya Salfiti   


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2 mins read

This e-bike for 4-year-olds can do 15 miles an hour, costs $1,300 – and sold out in a month

Super73's CEO and co-founder LeGrand Crewse thinks starting kids on e-bikes like the K1D at a young…

Kylie Kirschner   


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3 mins read

Amazon Prime FTC suit: How Insider's investigation led to a crackdown on the e-commerce giant

An Insider investigation revealed that Amazon knowingly tricked consumers into signing up for its P…

Alistair Barr,Eugene Kim