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Alipay Singapore Holding exits Zomato, sells 3.44% stake worth Rs 3,337 crore

Alipay Singapore Holding Pte sold more than 29.60 crore shares of Zomato in 31 tranches on the BSENew Delhi: Alipay Singapore Holding, an arm of Chinese e-commerce giant Alibaba, on Wednesday divested its entire 3.44% stake in online food...

LVMH to sponsor Paris 2024 Olympic and Paralympics Games

Paris 2024 will take place from 26 July to 11 August and August 28 to 8 September next year and it is expected to draw 10,500 Olympic athletes New Delhi: Luxury retail giant LVMH has become a premium partner of...

Alibaba sells remaining direct stake in Paytm for Rs 1,378 cr

The e-commerce major divested its remaining 3.3 per cent direct stake in One97 Communications, which operates under the Paytm brandNew Delhi: Chinese e-commerce major Alibaba on Friday divested its remaining 3.3 per cent direct stake in One97 Communications, which operates...

Alibaba sells nearly half of its direct stake in Paytm at Rs 535.9 per share

Chinese group Alibaba sold 2,59,930 shares of Paytm at Rs 535.90 worth Rs 13.93 croreNew Delhi: Chinese conglomerate Alibaba is learnt to have sold a 3.1 per cent stake - nearly half of its direct shareholding -...

Alibaba sells nearly half of its direct stake in Paytm at Rs 535.9 per share

Alibaba group firm Ant Financial has not diluted its stake in Paytm and continues to hold 25 per cent of the companyNew Delhi: Chinese conglomerate Alibaba is learnt to have sold a 3.1 per cent stake - nearly half...

China’s increasing domestic demand ramped up retail industry growth: GlobalData

China continues to report year-on-year surge in retail sales as the country’s economy rebounds due to rising domestic demand, according to GlobalData, a leading data and analytics company.Ankita Roy, Retail Analyst at GlobalData, says: “China’s relative success in containing...

Social commerce platform for fresh produce, Otipy, eyes $10M funding in 2021

Community group buying is revolutionising the grocery e-commerce space in China. Disruptive brands like Furong Xingsheng and Nice Tuan are garnering major traction by cracking the long-standing conundrum around e-commerce for fresh produce and have raised multi-millions in funding...

Alibaba acquires controlling stake in Sun Art

Alibaba Group Holding Limited announced it will invest approximately US$ 3.6 billion in respect of Sun Art Retail Group Limited, a leading hypermarket and supermarket operator in China, that will raise its aggregate direct and indirect stake to approximately...

How COVID-19 is influencing consumer behaviour

It’s been three months since the World Health Organisation declared the COVID-19 outbreak to be a ‘Public Health Emergency of International Concern’. Despite continued efforts by governments and organisations across the world, the virus continues to spread unabated. With...

Top 25 retailers by market capitalization in Q1 2020 see QOQ decline with exception of Amazon and JD Sports, says GlobalData

Most of the top 25 publicly traded global retailers by market capitalization (MCap) reported quarter-on-quarter (QoQ) declines for the first quarter (Q1) ending 31 March 2020, with Amazon and JD.com being exceptions, according to GlobalData, a leading data and...
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GoKwik and Twid partner for loyalty rewards

Through this partnership, 100 million shoppers in the GoKwik network will be able to access loyalty and reward points...
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