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Alibaba posts US$ 16.7 bn in revenue, consumer base hits 674 mn

Expanding its user base to 674 million annual active consumers, Chinese e-commerce giant Alibaba on Thursday announced it posted US$ 16.7 billion in revenue -- an increase of 42 percent year-over-year -- with US $2.7 billion in net income...

Yet again, China's Alibaba pumps Paytm with fresh funding of $200 mn

Mobile wallet service provider, Paytm is all set to get a huge investment push from Chinese internet giant Alibaba. To help boost Paytm’s e-commerce business, Alibaba will reportedly be making an investment of $200 million which will give Paytm a valuation...
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Retail sales grow 8% y-o-y in March 2024: RAI Survey

According to the survey, sports goods reported a growth of 11% followed by apparel and beauty showing a growth...
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