The U.S. State Department has reportedly submitted a proposal for the Trump administration to add China's Ant Group to a trade blacklist, before the fintech arm of e-commerce giant Alibaba is slated to go public.
Shares in Polish e-commerce group Allegro leapt more than 60% on their debut on Monday, giving the company a market value of almost $19 billion in Europe’s biggest initial public offering (IPO) so far this year.
Fashion brands and retailers re-opening around the world to patchy demand, and carrying unsold stock from spring have cut fall orders by as much as two-thirds in moves spelling more pain for Asian suppliers.
The parent company of one of China’s largest department store chains said on Tuesday that it has been granted a government licence for duty-free retail, as the government ramped up efforts to spur domestic consumption.
Facebook will spend $5.7 billion to take just under 10% of Reliance Industries' digital unit, seeking to roll out services for small businesses by capitalising upon WhatsApp's already extensive reach within India.
The owner of Vans and Timberland announced on Tuesday that it now expects its full-year revenues to total between $11.3 billion and $11.4 billion in fiscal 2020, down from $13.85 billion in the previous year.
The American sports and footwear giant has announced a series of changes in its senior leadership, appointing Heidi O’Neill as president for consumer and marketplace, Andy Campion as COO, and Matthew Friend as CFO.