Facebook's $5.7 billion investment in Reliance promises to be the biggest headache yet for Paytm, a SoftBank-backed pioneer in India's digital payments market but which has been losing ground to rivals with deeper pockets.
Amazon.com Inc's Indian arm will soon add small local shops as sellers on its platform as a way to provide them broader online exposure and offer consumers a greater selection of merchandise, the company said on Thursday.
The COVID-19 pandemic crushed many stocks over the past few months, but a trio of resilient e-commerce stocks -- Shopify (NYSE: SHOP), Amazon (NASDAQ: AMZN), and JD.com (NASDAQ: JD) -- seemed immune to that sell-off. Shopify's stock rose nearly 50% this year, while shares of Ama
SoftBank Group Corp founder Masayoshi Son's dream of a global tech empire is unravelling, with the coronavirus crisis compounding losses at his $100 billion Vision Fund and distress at his big bets portending more pain.
SoftBank Group Corp founder Masayoshi Son's dream of a global tech empire is unravelling, with the coronavirus crisis compounding losses at his $100 billion Vision Fund and distress at his big bets portending more pain.
Chinese electronics retailer Gome Retail Holding on Sunday said it would raise $200 million through a convertible bond issue that will be entirely taken up by e-commerce platform Pinduoduo.
Baidu (NASDAQ: BIDU) and Tencent (OTC: TCEHY) are two of the biggest tech companies in China. Baidu owns the country's largest search engine, and Tencent owns WeChat, its top messaging platform. Tencent is also the world's largest video game publisher, and China's second-largest
Sony (NYSE: SNE) recently bought a 5% stake in Chinese tech company Bilibili (NASDAQ: BILI) for about $400 million. The two companies also launched a new partnership to "pursue collaboration opportunities in the entertainment field in China, including animation and mobile game
The shortage of Nintendo (OTC: NTDOY) Switch consoles during the coronavirus pandemic is being exacerbated by outsized demand for its Animal Crossing: New Horizons game, which is attracting non-gamers as well as casual players and more hardcore types.
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