For Jack Ma, executive chairman of Alibaba Group Holdings, today is an extremely busy and lucrative day because the company he founded 15 years ...
Online shopping network Styleclick.com says its fourth quarter revenue reached $839,000, up 46% from the prior quarter, while its net loss dipped slightly to $5.9 million.
For the year ended Dec. 31--Styleclick's first with Web operations--Internet revenue amounted to $1.62 million. The company reported overall 1999 revenue of $6.17 million, down nearly 8%. It attributed the decrease to lower sales of consumer CD-ROM products, as it shifted to Internet sales.
In January, Styleclick.com. and USA Networks Interactive, a division of USA Networks, announced plans to merge USA's Internet Shopping Network and Styleclick.com. The new company will operate FirstAuction.com, FirstJewelry.com and Styleclick.com's network of branded e-commerce web sites. The new company will take the Styleclick name and will target both consumer and business-to-business sales.