UPS shares hit three-month low on worries e-commerce is cooling
United Parcel Service Inc (UPS.N) shares fell to a three-month low on Tuesday on worries that growth from the pandemic-fueled e-commerce boom may be fading.
Amazon eyes potential stake in Indian film, media businesses; Inox denies report
Amazon.com Inc’s (AMZN.O) India arm is in talks with several domestic players in film and media distribution including cinema chain Inox Leisure Ltd (INOL.NS) for a potential stake, the Indian Express newspaper reported on Tuesday, citing sources.
Futures fall as regulatory woes hammer Chinese stocks
U.S. stock index futures pulled back from record highs on Monday as locally listed Chinese firms tumbled on tighter regulations in the mainland, souring sentiment at the start of a week packed with tech earnings.
China regulator bars Tencent from exclusive rights in online music
China’s market regulator on Saturday said it would bar Tencent Holdings Ltd (0700.HK) from exclusive music copyright agreements and fined the company for unfair market practices in the online music market after its acquisition of China Music Corporation.
Netflix growth plan tops Wall St watchlist as lockdown love fades
Netflix Inc’s (NFLX.O) plans to revive its slowing subscriber growth will be in focus when it reports second-quarter results on Tuesday, as lockdown binge-watching subsides and competition from Disney+ and HBO Max ramps up.
Asia M&A bonanza fuelled by Southeast Asia, private equity deals
Asian merger and acquisition activity surged to its second-highest level ever for a first half as Southeast Asian and private-equity deals hit records, and bankers expect the strong momentum to be maintained for the rest of the year.
Amazon, Apple most valuable brands but China’s rising – Kantar survey
Amazon (AMZN.O) and Apple (AAPL.O) are the world’s most valuable brands but Chinese brands are rising up the leaders list and are more valuable than Europe’s top brands, according to a global ranking by Kantar’s BrandZ.
EXCLUSIVE Online wholesale marketplace Faire raises $260 mln, valued at $7 bln
Online wholesale marketplace Faire said on Thursday it raised $260 million in its latest funding round and is now valued at $7 billion, thanks to the fast growth in e-commerce following the pandemic.
JD Logistics to raise $3.16 bln in Hong Kong IPO -sources
JD Logistics Inc is set to price its shares at HK$40.36 ($5.20), towards the lower end of its indicated range, to raise $3.16 billion in a Hong Kong initial public offering (IPO), two people with direct knowledge of the matter told Reuters.
Alibaba revenue tops expectation on pandemic-driven online boom
China’s top e-commerce platform Alibaba Group Holding Ltd (9988.HK), reported a forecast-beating 64% surge in quarterly revenue on Thursday, as more people shopped online due to the coronavirus pandemic. But the strong performance was overshadowed by intense regulatory crackdown that resulted in the suspension of a $37 billion IPO of its affiliate Ant Group and a […]
