LONDON, United Kingdom — Asos Plc reported first-half profit that fell less than analysts expected as the U.K.’s largest online-only fashion retailer invested in logistics and technology as it seeks to expand its revenue.
BEIJING, China — The China unit of Amazon.com Inc., the world’s largest e-commerce company, closed a third-party online store after state media reported that fake cosmetics were being sold.
In today’s reality, retailers who fail to embrace omni-channel strategies powered by connected data risk becoming extinct, argues John Squire.
HONG KONG, China — Tencent Holdings Ltd., China’s largest Internet company by market value, posted earnings that missed analyst estimates after boosting its e-commerce and game spending to compete against Alibaba Group Holding Ltd.
SHANGHAI, China — Alibaba's dominance of online retail in China faces its biggest-ever challenge as the firm founded by Jack Ma in a one-room apartment 15 years ago lines up a U.S. initial public offering that could value the firm at around $140 billion.
LONDON, United Kingdom — Boohoo.com Plc raised 300 million pounds ($498 million) through an initial public offering, becoming the third U.K. retailer to list shares this week.
HONG KONG, China — JD.com Inc., the Chinese retailing website that filed for a $1.5 billion U.S. initial share sale in January, may kick off its offering in the second quarter, three people with knowledge of the matter said.
NEW YORK, United States — The rally in Vipshop Holdings Ltd. is showing few signs of abating 19 months after it began. The Chinese online fashion retailer jumped 27 percent last week to $166.55 in trading in New York, extending its gain to 2,462 percent since its initial public offering in March 2012.
HONG KONG, China — Tencent Holdings Ltd., Asia’s largest Internet company, agreed to buy a 15 percent stake in Chinese e-commerce company JD.com for $214.7 million as it steps up its challenge to Alibaba Group Holding Ltd.
HONG KONG, China — Tencent Holdings Ltd., Asia’s largest Internet company, is in talks to combine its e-commerce operations with Chinese online retailer JD.com Inc., according to two people familiar with the matter.
BEIJING, China — Alibaba Group Holding Ltd is set to launch a U.S. e-commerce website through its subsidiaries Vendio and Auctiva, which are in turn part of the Alibaba.com business group, the company told Reuters on Tuesday.
NEW YORK, United States — Gilt Groupe Inc., an online retailer of discounted luxury goods, picked Goldman Sachs Group Inc. to manage its initial public offering, according to people with knowledge of the deal.