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Text size Internet conglomerate Prosus and its parent Naspers pared its stake in Tencent, and sold shares of JD.com. Gilles Sabrie/Bloomberg When a big shareholder starts selling, it’s usually a flag. Internet conglomerate Prosus and its parent company Naspers ‘ decision Monday to pare its stake in Chinese internet company Tencent Holdings , and its earlier … Read More “A Tencent Investor Cut Its Stake. That’s Not Bad for China’s Internet Recovery.” »
Press play to listen to this article PARIS — French President Emmanuel Macron’s political world has been upended following his failure to win an absolute majority in parliament. Some familiar faces of la Macronie, like would-be environment minister Amélie de Montchalin, are gone, casualties of ballot box defeat. Others, like former Europe minister Clément Beaune, … Read More “Who’s in and who’s out in Macronia — and what it means for the EU – POLITICO” »
The Director-General of the World Trade Organization, Ngozi Okonjo-Iweala, at the closing ceremony of the 12th Ministerial Conference of the WTO (MC12) on June 17, said: “The outcomes demonstrate that the WTO is, in fact, capable of responding to the emergencies of our time.” Let us see if MC12 outcomes justify her remarks. We take … Read More “Developed world holds sway at WTO” »
Text size A Reuters report says that China has accepted the application of Ant Group, which is an affiliate of Alibaba, to form a financial holding company. Here: Alibaba’s headquarters in Hangzhou, China. China OUTAFP via Getty Images Shares of e-commerce giant Alibaba Group Holding (ticker: BABA) are rising on a report that China has … Read More “Alibaba Stock Rises on Report About Ant’s Holding Company Bid” »
Text size Amazon stock has declined 35% so far in 2022. Ina Fassbender/AFP via Getty Images Amazon has set the date for Prime Day – a big test on whether shoppers will shrug-off the cost of living squeeze and spend amid four-decade high inflation. The world’s largest online retailer said Thursday that its annual two-day … Read More “Amazon Prime Day Is Coming. It Could Be the Catalyst the Stock Needs.” »
Value managers are jumping into Alibaba’s stock, even as they acknowledge the risks. AFP via Getty Images Text size When discussions turn to China, one question that always pops up from U.S. investors: Is it safe yet to buy Alibaba Group Holding , the e-commerce juggernaut that has been battered over the past two years … Read More “Is It Safe to Buy Alibaba Stock Now? It’s Becoming Popular Among Bargain Hunters.” »
Value managers are jumping into Alibaba’s stock, even as they acknowledge the risks. AFP via Getty Images Text size When discussions turn to China, one question that always pops up from U.S. investors: Is it safe yet to buy Alibaba Group Holding , the e-commerce juggernaut that has been battered over the past two years … Read More “Alibaba Stock Is Popular Among Bargain Hunters” »
GoKwik, an e-commerce enablement company, has onboarded Vineeta Vora as senior director, products. Vora has over 15 years of experience in building and scaling various lines of B2B and B2C products across the banking and e-commerce industries. At GoKwik, she will be leading the checkout and payment products. As per the company, Vora is focused … Read More “Vineeta Vora joins GoKwik’s leadership team as senior director, products” »
Zalando, the German fashion e-tailer with more than €10 billion in annual revenue, has acquired a majority stake in Highsnobiety, the sneaker blog-turned-luxury fashion and lifestyle publisher that began exploring a sale last year. The financial terms of the deal were not disclosed. Highsnobiety founder and CEO David Fischer will retain a minority stake in … Read More “Zalando Buys Highsnobiety | BoF” »
Text size Financial markets continue to reel from a surprise acceleration in inflation JOHANNES EISELE/AFP via Getty Images Big tech names such as Tesla , Apple and Nvidia , were deep in the red ahead of Monday’s market open. Shares of Tesla (ticker: TSLA) fell 2.7% in premarket trading, while Apple (AAPL) was nearing a … Read More “Apple, Microsoft, Amazon, and Other Tech Stocks Tumble” »
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