Business

Early data point to bubbly US holiday sales

Early data on the 2019 holiday shopping season released Thursday suggest Santa Claus was a bit more generous this year as he shifted more into omnichannel mode.

Business

Chinese consumers smash 'Singles' Day' shopping record

Chinese shoppers set new records for spending during the annual "Singles' Day" buying spree despite an economic slowdown and worries over the US trade war, with state media calling it a sign of China's rising economic strength.

Business

The streaming war's first victim: your wallet

With two young daughters, Mery Montenegro is preparing to add Disney+ to her list of streaming subscriptions, which already includes Netflix, Hulu and Amazon—and, when combined with her cable TV bill, costs her almost $1,500 ...

Business

Smooth succession: Jack Ma eases out of a thriving Alibaba

Jack Ma steps down next week as chairman of Alibaba, but the start-up he built into an online retail behemoth is expected to keep thriving into a new era thanks to a culture of innovation he helped nurture.

Business

Alibaba buys NetEase's import e-commerce unit for $2bn

Alibaba Group has bought the e-commerce platform of NetEase for about $2 billion and will participate in a $700 million investment in NetEase's music streaming service, the two Chinese firms said on Friday.

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