PayPal agrees landmark $4bn acquisition of ecommerce company Honey
PayPal has agreed to shell out $4 billion for Honey Science Corporation, marking the online payment giant’s largest acquisition to date.
Alibaba sets final offer price ahead of £8.7bn listing set to revive Hong Kong’s financial sector
Alibaba announced its final offer price of HK$176 (£17.39) per share ahead of its landmark listing on the Stock Exchange of Hong Kong (SEHK) next week, set to be the biggest since 2010.
Alibaba to close books early on share offer thanks to sizzling demand
Alibaba is set to close its books to investors earlier than planned thanks to sizzling demand for its stocks ahead of its second public listing.
JD.com’s shares soar 7% amid double digit revenue rise
JD.com has seen its stock prices soar seven per cent after beating analysts’ estimates over its third quarter and outpacing the slowing growth of the wider Chinese economy.
Jack Ma says $38bn Singles Day “missed expectations” as Alibaba gains approval for HK listing
Alibaba’s founder Jack Ma has said its $38 billion (£29.6 billion) Singles Day event “hasn’t even reached my expectation” despite breaking records.
Alibaba could soon appear on UK high streets
Alibaba could soon make an appearance on highstreets in the UK as the Chinese ecommerce giant puts together a British retail team.
Amazon’s new grocery format confirmed for 2020
Amazon has confirmed that it will launch its “first grocery store” in California in 2020 as it continues to push into the physical retail space.
Amazon to build $40m facility set to be “epicentre of robotics innovation” as senior vice president departs
Amazon is set to invest $40 million in a new state-of-the-art Amazon Robotics facility which will serve “as the company’s epicentre of robotics innovation”.
Facebook launches WhatsApp e-commerce catalogue feature
Facebook Inc. launched a catalogue feature for its WhatsApp messaging app on Thursday, as it looks to establish the service’s e-commerce tools.
Retailers vie for extended Black Friday sales boom
Boots has joined Amazon in launching early Black Friday sales, as UK retailers look to cash-in on the US trend for extending the promotional sales period.
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