January 27, 2023
H&M Earnings Slump as Fast-Fashion’s Four-Way Fight Takes a Toll
The fast-fashion wars got intense in 2022 as relative newcomer Shein outpaced a competitive set, including H&M, Uniqlo and Zara, setting up a battle for primacy in 2023. This, as...
January 18, 2023
China Launching State-Owned Ride-Hailing App, Easing Tech Crackdown
China is reportedly launching a state-owned ride-hailing app. The launch of Strong Nation Transport signals that China aims to be involved in the tech industry even as it eases an...
January 18, 2023
Fragile Giants: Reassessing Market Power in Platform Ecosystems
It is widely assumed that platform technology markets are inherently prone to monopoly outcomes in which a single firm or a handful of firms enjoy market power due to network...
January 18, 2023
A Definition of Platforms with Meaningful Policy Implications
While the term “platform” is ubiquitous in everyday language, its precise definition in the context of topics related to competition, policy and antitrust still remains ambiguous. This arguably for technical...
January 16, 2023
Report: Activist Investor Ryan Cohen Takes Stake in Alibaba
Investor Ryan Cohen has reportedly built a stake in Alibaba worth hundreds of millions of dollars. He has also pushed the Chinese eCommerce firm to expand its stock buyback program,...
January 15, 2023
Alipay Taps Splitit to Let Shoppers ‘Pay After Delivery’
Alipay has teamed with Splitit to help customers make eCommerce payments in installments. The Chinese payments company said Sunday (Jan. 15) it was working with Splitit — a buy now,...
January 12, 2023
Alibaba Sells Half Its Stake in India’s Paytm
China’s Alibaba Group has reportedly sold half its take in Indian payments firm Paytm. The company sold its 3.1% stake in Paytm for $125 million via a block deal on...
January 11, 2023
Blue Chip FTX Crypto Investors Face Probe Into Sloppy Due...
The U.S. Securities and Exchange Commission (SEC) is reportedly investigating FTX investors’ due diligence approach. This, as high-profile investors who gave the bankrupt crypto exchange equity capital are increasingly learning...
January 09, 2023
Ant Group’s Jack Ma Cedes Control As China Pressures Big...
Billionaire Jack Ma will no longer hold majority voting rights in the company, Ant Group said in a statement Saturday (Jan. 7). As PYMNTS noted last year when reports of...
