Google to invest $550 million in Chinese e-commerce giant JD.com
Google will invest $550 million in Chinese e-commerce powerhouse JD.com, part of the U.S. internet giant’s efforts to expand its presence in fast-growing Asian markets and battle rivals including Amazon.com.
Black Friday starts in US, as retailers face challenges
NEW YORK: Shoppers are hitting the stores on Thanksgiving as retailers under pressure look for ways to poach shoppers from their rivals.
As...
Digitalisation to help achieve economic growth target of 6 pc this year: Sindh governor
KARACHI: Pakistan has done a massive job at deploying digital technology which significantly supports the acceleration of economic growth to the set...
Alibaba CEO rules out layoffs this year
This week reports circulated in Chinese media that e-commerce site and Alibaba rival JD.com Inc would lay off 10 percent of its senior executives. The company declined to comment directly on the cuts
Alibaba’s Jack Ma to step down in one year, Zhang to become chairman
Ma, who co-founded Alibaba in 1999, is one of China’s richest people with a net worth of $36.6 billion, according to Forbes
D360’s watchwords: ‘Anything, Anytime, Anywhere’
After a brief stint in supply chain management and marketing at various renowned businesses, a failed attempt to launch his own ride-hailing...
Mobile commerce, a driving force behind banking, says: Chairman PTA
ISLAMABAD: Chairman, Pakistan Telecommunication Authority Dr. Syed Ismail Shah has said that mobile commerce has become a driving force in banking sector...
France sues Amazon over marketplace rules
PARIS: The French finance ministry said on Monday it has brought a court case against Amazon for abuse of its dominant position...
Luxury watchmakers shed reluctance, eye booming online sales
BASEL: A boom in online luxury goods sales is finally convincing high-end watchmakers, long skeptical that customers would pay thousands to buy...
Alibaba revenue beats estimates, but investments prolong margin squeeze
April-June saw Alibaba lead a $1.38 billion investment in Chinese logistics firm ZTO Express (Cayman) Inc and commit $320 million to a Thai e-commerce project.
E-Commerce on ascend in Pakistan, Rs9.8b payments accepted through banks: SBP
ISLAMABAD: Business to consumer E-Commerce (e-B2C) is on the rise in Pakistan as 571 local e-commerce merchants were already accepting payments through...
Amazon contemplating entering financial sector with a checking-account like product
NEW YORK: Amazon.com Inc, the world’s largest online retailer, is in talks to create a checking-account-like product with big banks such as...
Amazon’s dominance hasn’t knelt a death-blow to retail stores
NEW YORK: Just in time for the Black Friday kick-off to holiday season shopping, stock market investors have been handed tools to...
UPS, FedEx shares plummet after reports claim Amazon entering delivery business
NEW YORK: United Parcel Service Inc and FedEx Corp shares fell 2 per cent on Friday after a report said Amazon.com Inc...
Brokerages predict Amazon market cap could cross $1 trillion in value
*Investors have been debating for months which of the United States’ tech sector heavyweights - Alphabet Inc, Apple Inc and Amazon - would be first to top a $1 trillion