Saudi Arabia says has ‘nothing to do’ with Bezos-AMI dispute
AMI said on Friday it's reporting on Bezos was lawful and it would investigate his claims
Daraz.pk holds media event before Black Friday
KARACHI: Ahead of its third consecutive Black Friday Sale, Daraz.pk on Wednesday held a media briefing along with its partners at a...
KASB Securities revived, plans to connect global capital with local growth companies
KARACHI:Â Khadim Ali Shah Bukhari (KASB) Securities Private Limited organised a Technology Investment Conference in Karachi to mark the launch of their brokerage...
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...
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.
Commerce ministry fails to prepare e-commerce policy framework draft
ISLAMABAD: Ministry of Commerce (MoC) has failed to prepare the draft on e-commerce policy framework during the last two years.
Senior officials said...
Tech startup from Karachi wins Rs1mn in StartUp Cup
LAHORE: The fourth edition of the 2017-18 StartUp Cup, funded by the United States was won by a team from Karachi, Retailistan, that beat 17 other...
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...
Amazon terminates plan for office tower in Seattle over proposed tax
Amazon has said it will spend more than $5 billion and create up to 50,000 jobs in the city it chooses for its second headquarters, to be announced this year
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...
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...
Walmart in talks to purchase 40pc share in India’s Flipkart
MUMBAI: Walmart Inc is in talks to purchase a stake of more than 40 percent in Indian e-commerce firm Flipkart, a direct...
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
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...