Amazon has dislodged Snapdeal to become India's second-largest online marketplace by shipments last month, industry estimates show, according to ETRetail.com. It also became the only major player to increase share fro...
China's Alibaba Group Holding Ltd on Thursday said it has signed a deal for a $3 billion five-year loan, which will help the e-commerce giant as it snaps up stakes in companies within China and overseas.
Burberry is attempting to identity a mystery investor who has built up a stake of nearly 5 percent in the company, pushing its shares to a five-month high on Tuesday on speculation of a potential takeover bid.
Taking lessons learnt from its daily battles with India's choked roads and cramped cities to some of its largest developed markets, Amazon is exporting a model of cheaper deliveries and reduced warehousing costs.
Shares of Alibaba Group Holding Ltd fell 3 percent on Friday and were perilously close to breaking below the price set in the largest IPO in history as fears of a China-led global slowdown rattled investors.
China's Alibaba, Japan's SoftBank and Foxconn will lead an investment of $500 million in India's Snapdeal, the online marketplace said on Tuesday, as it seeks to expand in the country's fast growing ecommerce sector.