After news broke of last week’s arrest of JD.com Inc. CEO Richard Liu in the U.S. on an allegation, shares of the eCommerce company fell by 6 percent. The CEO has denied any wrongdoing through his lawyers and left custody without charges or having to...
As shoppers around the world headed out to purchase those internationally-known, little blue boxes, Tiffany & Co. posted a strong second quarter. The jeweler booked an increase in global sales of 12 percent, arriving at $1.1 billion. At the same time, same-store sales growth beat...
As Alibaba looks beyond eCommerce to expand its empire, some investors are getting nervous: Since January, the eCommerce retailer has lost approximately $60 billion in market value, The New York Times reported. On Friday (May 4), Alibaba reported a profit that was almost 30 percent below...
Chinese eCommerce giant JD.com – one of Alibaba’s chief rivals – just released a white paper detailing its plans for a new blockchain-as-a-service (BaaS) platform. According to CoinDesk, the service will provide blockchain tools for developing apps in a variety of areas, including supply chain...
September 27, 2018
Grab, the Singapore ride-hailing startup, is reportedly in talks to sell a stake in its Thai business to Central Group, the largest retailer in Thailand. Reuters, citing people familiar with the matter, reported the move comes as Grab is facing more competition from Go-Jek, the Indonesian ride-hailing company, and as it gears up to invest $500 million […]
September 05, 2018
After news broke of last week’s arrest of JD.com Inc. CEO Richard Liu in the U.S. on an allegation, shares of the eCommerce company fell by 6 percent. The CEO...
May 07, 2018
As Alibaba looks beyond eCommerce to expand its empire, some investors are getting nervous: Since January, the eCommerce retailer has lost approximately $60 billion in market value, The New York Times...
March 23, 2018
Chinese eCommerce giant JD.com – one of Alibaba’s chief rivals – just released a white paper detailing its plans for a new blockchain-as-a-service (BaaS) platform. According to CoinDesk, the service...
