e-commerce

Sales at its U.S. e-commerce business jumped 22 percent, aided by pickup and delivery options as well as its expanding online advertising and marketplace business.

Just in: The retailing giant raised its sales outlook for the year, after a strong quarter fueled by surging e-commerce activity and robust demand from higher-income consumers.

It marks the platform's long-awaited foray into the sale cheaper goods with lengthier shipping times - a business model which has spurred the rise of Chinese-owned e-commerce apps.

Jiang Ping, a fashion design student from a rural town in Jiangsu province, made headlines in June when she came 12th in the qualifiers of an international maths contest run by Chinese e-commerce giant Alibaba.

The IPO said it engaged with major e-commerce stores to remove goods which infringed rights or were counterfit.