Category: Discount

A resident, wearing a face mask following the coronavirus disease (COVID-19) outbreak, walks past a JD.com advertisement for the “618” shopping festival displayed outside a shopping mall in Beijing, China June 14, 2022. REUTERS/Carlos Garcia Rawlins

Aug 23 (Reuters) – Chinese e-commerce giant JD.com Inc (9618.HK), beat Wall Street estimates for quarterly revenue on Tuesday as lockdowns in China to control the coronavirus boosted online shopping and the company’s “618” shopping event.

The company reported second-quarter revenue of 267.6 billion yuan ($39.07 billion), up 5.4% year on year, topping analysts’ average estimate of 262.31 billion yuan, according to IBES data from Refinitiv. Revenue rose 11% in the first half to 507.3 billion yuan.

Sales in its product segment, which includes online retail sales, rose 2.9% in the quarter, while those from services such as logistics and marketing jumped 21.9%.

With high consumer prices brought on by inflation, many US consumers are looking closely for the best deals, and scammers are ready to lure online shoppers to fraudulent websites with “unbeatable” prices, according to the Better Business Bureau.

Not every unfamiliar website is suspicious, but some can lead to sites that deliver low-quality products or nothing at all, according to the Washington-based Better Business Bureau of the Great West and Pacific.

Though inflation has slipped from the four-decade high it reached in June, people are still grappling with high consumer prices.

Consumer prices jumped 8.5% in July compared with a year earlier, the government said Wednesday, down from a 9.1% year-over-year jump in June.

When shopping for the best online deals, “The key is knowing how to spot suspicious websites and using trusted resources to research a business before making a purchase, said the BBB in a news statement. “Unfamiliar

E-commerce prices began rising in June 2020, beginning an unprecedented stretch of 25 consecutive months of increases that underscored the severe price pressures hitting the US economy.

Of course, it may take considerable time before inflation gets anywhere back to normal levels, and Adobe noted that online grocery prices continue to surge.

Inflation remains way too high across the US economy.

An aircraft appearance crew member cleans an aircraft as Qantas begins preparing and equipping planes for the return of international flights, in anticipation of Australia easing coronavirus disease (COVID-19) border regulations, at Sydney Airport in Sydney, Australia, October 21, 2021. REUTERS/Loren Elliott

SYDNEY, Aug 15 (Reuters) – Australia’s Qantas Airways (QAN.AX) said on Monday it would add six Airbus SE (AIR.PA) A321 converted freighters to its domestic fleet to replace five aging Boeing Co (BA.N) 737s and expand capacity to meet a surge in demand from online shopping.

The A321 freighters will be sourced from the open market and converted from carrying passengers to cargo subject to commercial negotiations, the airline said, adding the planes were expected to arrive between early 2024 and mid-2026.

The freighters will join another three A321s already in the airline’s domestic cargo fleet and expand carrying