Business

Ant Group's shock IPO suspension hammers Alibaba shares

China's shock, last–minute decision to suspend the record-breaking IPO of fintech giant Ant Group hammered shares of founder Jack Ma's e-commerce titan Alibaba on Wednesday and left investors reeling.

Business

Walmart unveils subscription program to challenge Amazon

The battle for online supremacy is on as Walmart announced Tuesday the coming launch of a membership program that provides free delivery as the world's biggest retailer takes direct aim at e-commerce behemoth Amazon.

Business

Virus lockdowns give major boost to e-commerce

While large traditional retailers announce big lay-offs because of the pandemic, sometimes shedding thousands of staff, coronavirus lockdowns have in contrast given e-commerce a major boost.

Proposed health code app sparks anger in China

A Chinese local government's proposal for a post-coronavirus health app that ranks citizens based on their smoking, drinking, exercise and sleep habits has sparked fury online over privacy concerns.

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