Alibaba acquired $56.2 million of stock in US online retailer Zulily
Alibaba Group acquired $56.2 million of stock in US online retailer Zulily Inc.
According to a regulatory filing, Alibaba spent millions of dollars buying Zulily...
Alibaba CEO says company will focus on expansion abroad
Alibaba Group’s new CEO, Daniel Zhang, said that the company will prioritize expansion abroad this year and focus on globalization.
Alibaba, which operates platforms that...
MasterCard testing selfies to verify online payments
MasterCard is experimenting the use of selfies as a means of verifying payments in its smartphone app.
The app confirms a persons identity via a...
Debenhams appoints Amazon fashion boss, Sergio Bucher, as new chief executive
Debenhams PLC announced on Thursday that it has appointed Amazon’s European fashion boss, Sergio Bucher, as its new chief executive, replacing Michael Sharp –...
Acciona wind farm helps power Viva Energy oil refinery, Australia
Spanish company Acciona S.A. is helping power Australia's Viva Energy Group's oil refinery with wind energy. The two companies have entered into a power...
UK consumer spending rose by just 0.5% in April
UK consumer spending rose by just 0.5 percent year-on-year in April, the lowest rate since January and well below a historic average of 1.4...
Nike announces partnership with Amazon and Instagram
Nike announced that it is partnering with Amazon and Instagram as part of an effort to change its sales tactics as more consumers make purchases online.
Alibaba reports 61% rise in revenues
Chinese e-commerce giant Alibaba reported a 61% rise in revenues to 55.1 billion yuan ($8.3 billion) for the three months to September compared to...
Walmart reports better-than-expected Q4 earnings and revenue
Walmart announced better-than-expected fourth quarter results on Tuesday.
The retail giant reported earnings per share of $1.41 on revenue of $138.8 billion in the quarter....
Amazon has made a bid for a 60% stake in Flipkart, reports confirm
Amazon has made a formal offer to acquire a 60% stake in the Indian e-commerce giant Flipkart, challenging Walmart's interest in taking a 80%...