Alibaba’s come up with what might be the most persuasive way to sell fashion — live during a fashion show. The company’s tied up with lingerie brand Victoria’s Secret, and Chinese consumers can buy its products live as their models display them on the ramp. Victoria’s Secret’s brought its iconic fashion show to Shanghai this year, the first time the event is being held outside the US or Europe. And Alibaba was quick to pounce on the…
Top founders can often come to represent their companies — Elon Musk, for instance, is synonymous with Tesla, and Amazon figurehead is very much Jeff Bezos. But as years go by, thanks to repeated fund raises, these founders don’t hold as much economic sway over their companies as they used to. Here’s how much these founders still own in the companies they started. 1.Jeff Bezos, Amazon: Current stock holding 16% Jeff Bezos is now the richest…
China’s largest e-commerce company Alibaba is expanding its footprints to South East Asia. It has announced buying a controlling stake in online retailer Lazada for about $1 billion.
Flipkart CEO Sachin Bansal delivered an uncharacteristically brutal attack on Snapdeal and Paytm, but it ended up backfiring.
-commerce giant Alibaba has said that Chinese and international consumers spent more than 91.2 billion yuan (US $14 billion) on November 11, 2015 in the world’s biggest online shopping day.
This Investment came rite before the festive season kicks in. Alibaba is also investor in Snapdeal. With this investment Alibaba directly would have 20% stake and Ant’s shareholding will come down to 20% from 25% before
After technical snarls, regulatory hiccups, and lots of naysaying, the future is finally here. The first-ever US Government approved drone delivery has finally taken place. In partnership with NASA and with approval from the Federal Aviation Authority, an Australian drone has delivered a consignment of 4.5 kg of medical supplies to a rural health clinic in Virginia.