Russian loans company Arifmetika plans Canada listing in 2022
Russia’s Arifmetika Financial Solutions, which provides small loans to individuals, plans to start trading in Canada in early 2022 and aims to raise about $100 million in the next 12-18 months, the head of its parent company OR Group (ORUP.MM) said.
Analysis: China shines regulatory spotlight on livestream retail boom
China’s ‘common prosperity’ crackdown has turned a harsh spotlight on the country’s massive livestream e-commerce business – underlining the fragility of a surging sales channel that some of the world’s biggest brands have come to rely on.
China’s Alibaba pledges carbon neutrality by 2030
Alibaba Group (9988.HK) will aim to achieve carbon neutrality in its own operations and slash emissions across its supply chains and transportation networks by the end of the decade, the Chinese e-commerce giant pledged on Friday.
Alibaba overhauls e-commerce businesses, names new CFO
Alibaba Group Holding Ltd (9988.HK) said it will reorganise its international and domestic e-commerce businesses and replace its CFO – changes that come as the tech giant grapples with an onslaught of competition, a slowing economy and a regulatory crackdown.
Analysis: Visa’s Amazon spat shows power is shifting to retailers in fee battle
Amazon.com Inc (AMZN.O)’s latest spat with Visa (V.N) shows big retailers, armed with a growing array of payment options, are gaining the upper hand in their power struggle with card providers, but it’s not a crisis for the payment company.
Alibaba slashes sales outlook as competition bites, demand slows
Chinese e-commerce giant Alibaba Group Holding Ltd (9988.HK), slashed its forecast for annual revenue growth on increased competition and a regulatory crackdown, sending its stock tumbling 11%.
Visa beats profit estimates on travel, online spending boom
Visa Inc’s (V.N) quarterly profit topped Wall Street expectations on Tuesday, as a recovery in travel and an improving global economic picture drove volume growth at the world’s largest payment processor.
Factbox: From e-commerce to education, China’s season of regulatory crackdown
China’s months-long regulatory crackdown on an array of private companies has unsettled tech upstarts as well as decades-old firms, ushering in a new, uncertain environment.
EXCLUSIVE Ex-director seeks to stall $2 bln Paytm IPO, company calls it harassment
Paytm’s $2.2 billion IPO is facing an unusual hurdle – a 71-year-old former director has urged India’s markets regulator to stall the offering, alleging he is a co-founder who invested $27,500 two decades ago but never got shares.
Alibaba misses revenue estimates as e-commerce growth slows, regulatory crackdown persists
Aug 3 (Reuters) – China’s Alibaba Group Holding Ltd (9988.HK), missed analyst estimates for first-quarter revenue on Tuesday, as its e-commerce business was hurt by rising competition from smaller players such as JD.Com Inc (9618.HK) and Pinduoduo Inc (PDD.O). Alibaba’s results mirror those of e-commerce giant Amazon.com Inc (AMZN.O) in the United States, as the easing of pandemic-related restrictions has led […]
