We over-invested in India, need to rightsize Blue Dart: DHL Express ecommerce solutions chief
"Why are companies like Amazon and Alibaba adding extra aircraft and flying everywhere, right? If there’s a decline in international trade, I think the traditional measurements such as those of GDP are not sufficient anymore," Ken Allen said.
Masayoshi Son is no angel. He might want to give it a try
Masayoshi Son isn’t timid, to be sure. His reputation is built upon decades of cour...
Dow surpasses 29,000 level for the first time
The main U.S. indexes opened at a record high despite futures initially wobbling after governme...
Chinese internet firms falling behind on renewable energy goals - Greenpeace
While some of China's tech firms are procuring clean energy through rooftop solar installations or via a pilot green power certificate scheme, most have failed to match the commitments made by overseas rivals.
ByteDance, the world’s most valuable startup, weighs selling TikTok
A TikTok stake sale would likely push back any initial public offering for ByteDance. The company has considered an IPO in the US or Hong Kong as soon as next year, but still needs to beef up its international operations and hire a chief financial officer
Mukesh Ambani saw his wealth surge $18 billion this year
The surge in Ambani’s fortunes this year was fueled by a 40% jump in the shares of his conglomerate RIL.
Samsung rolls a $116-billion dice for chip supremacy
Enter Samsung Electronics, which is planning a decade-long, $116-billion push for their business. The South Korean company is investing heavily in the next step in miniaturising semiconductors, a process called extreme ultraviolet lithography (EUV).
Alibaba wins exchange's approval for Hong Kong listing
The base offering could raise $11.7 billion based on Alibaba’s last close in New York, though it wasn't clear if the company would market the deal at a discount to its US stock price.
Accor and Alibaba Group Enter into a Strategic Partnership
Accor said through the 'strategic collaboration' the chain plans to develop a series of digital applications and loyalty programs to improve the consumer and traveler experience over the next five years. The chain said the collaboration will leverage Alibaba’s 700 million consumers across its China retail marketplaces.
China plans to launch its own digital currency
China's central bank - the People's Bank of China (PBC) - has stepped up efforts to roll out its Digital Currency Electronic Payment (DCEP) as it seeks to stay ahead of the competition among central banks around the world and help preserve financial sovereignty, state-run Global Times reported.
Market Movers: What changed for D-Street while you were sleeping
US stocks closed higher on Thursday as investors digested the latest jobs data.
Baidu CEO is talent shopping in India
Baidu is trying hard to diversify into AI tech from its Chinese-language search engine, as it falls behind the other two in the global technology race. Last year, Baidu posted its first loss since going public almost 15 years ago, as the Chinese tech group saw its ad business hit by a slowing domestic economy.
Paytm in talks to raise another USD 1 billion funding: Sources
Paytm had earlier this week announced a USD 1 billion (around Rs 7,173 crore) fund raise led by US-based asset management firm T Rowe Price. Existing investors Alibaba, Softbank and Discovery Capital had also participated in the funding round.
In talks with SBI to jointly run e-commerce portal for MSMEs: Nitin Gadkari
MSME Minister Nitin Gadkari on Thursday said that he is to meet SBI Chairman next month to discuss whether the bank can jointly run an e-commerce portal called Bharat Craft, meant for taking Indian MSMEs to the global platform. “For the first time, after our govt came to power, we are readying a portal called Bharat Craft,” Gadkari said
Ant Financial to raise a $1 billion Startup Investment Fund
China’s largest internet finance operator is bankrolling expansions outside of China to arrest slowing growth at home, where it is also battling Tencent Holdings Ltd. for supremacy in mobile payments and finance.
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