HONG KONG, China — Alibaba Group Holding Ltd.’s estimated valuation rose to an average of $153 billion after the Chinese e-commerce company, said to be headed for an initial public offering this year, reported surging sales.
Jan. 28 (Bloomberg) -- Alibaba Group Holding Ltd., China’s online marketplace for products from Louis Vuitton bags to Boston lobsters, swung to a quarterly profit ahead of a potential initial public offering.
Net income attributable to ordinary shareholders was $792 million in the three months ended September, up from a loss of $246 million a year earlier, according to a presentation from Yahoo! Inc., which owns a
Bits & Bytes is a monthly showcase of noteworthy digital innovations in the retail space, courtesy of research consultancy GDR Creative Intelligence.
CHICAGO, United States — As it looks to expand beyond the email daily deals business, Groupon has purchased online "flash-sale" retailer ideeli for $43 million in cash.
ZURICH, Switzerland — The emergence of smartwatches, gadgets allowing the wearer to check text messages or capture video, is an opportunity rather than a threat for traditional watchmakers, the head of Swatch Group told Reuters on Friday.
Today, BoF can exclusively report that Dazed & Confused, one of fashion’s most respected youth-focused magazines, will reduce the frequency of its print publication to 6 times per year as it continues to expand its audience online.
HONG KONG, China — Goldman Sachs has agreed to provide a $120 million pre-IPO loan to Shanghai-based warehouse developer e-Shang, co-founded by U.S. private equity firm Warburg Pincus, e-Shang said on Thursday. Warburg has also raised its total investment to $200 million in the company it helped establish in 2011 with two local entrepreneurs.
TOKYO, Japan — Japan surpassed the U.S. as the top-grossing market for apps in October as use of smartphones surged and wireless carriers started billing customers directly for downloads from Google Inc.’s online store.
SAN FRANCISCO, United States — EBay Inc. Chief Executive Officer John Donahoe called the delivery of products by drones — a project that rival Amazon.com Inc. is working on — a fantasy.
SEATTLE, United States — Amazon.com Inc. Chief Executive Jeff Bezos said the world’s largest e-commerce company is testing drones to deliver goods, as it works to improve efficiency and speed in getting products to consumers.