Alibaba Group Holding Ltd reported better than expected top line results on Friday, driven by strong sales in its commerce and cloud computing units, even as margins were squeezed by flurry of investments.
Indian e-commerce firm Flipkart's board is yet to finalise a deal to sell a stake to Walmart Inc, two sources with direct knowledge of the matter said on Friday, adding that a deal could just be days away.
At a century-old workshop in a quiet Tokyo neighbourhood, craftsman Yuichi Hirose brushes dye across meticulously hand-cut stencils laid on fabric, using a traditional technique to produce contemporary kimono patterns.
The mini-me adults-and-kids fashion trend is gaining traction globally and H&M wants a piece of the action, revealing a new collection that targets a global consumer and uses print to reach mothers and daughters.
A recent study from Astound Insights claims that while the Seattle-based e-commerce giant is growing in popularity in the fashion sector, its failings leave the door open for other retailers to expand their market share.
Flipkart has bought back $350 million worth of shares from its investors as it seeks to convert its Singapore-incorporated company to a private limited firm, in a move that could make a way for a new strategic investor.