BERLIN, March 26- European Union regulators plan a year-long investigation into ecommerce to help remove barriers to cross-border trade in the 28- nation bloc, the EU's antitrust chief said on Thursday. European Competition Commissioner Margrethe Vestager said she decided to launch the inquiry because such hurdles were hampering the growth of online...» Read More
TOKYO, March 19- Japanese online retailer Rakuten Inc is buying U.S. eBook company OverDrive Inc for about $410 million, deepening its push into the U.S. market and into the "sharing economy." Rakuten's announcement on Thursday about the OverDrive deal comes a week after it led a $530 million funding round for U.S ride-sharing service Lyft, signaling Rakuten's...
Daniel So, strategist at CMB International Securities, says there are quarterly revenue improvements in the online gaming space, which remains Tencent's "bread and butter."
Larry Haverty, portfolio Manager at Gabelli Funds and Jim O'Donnell, chief investment dfficer of Forward Management, discuss the movements of Alibaba's stock as the lock-up period ends.
Alan Haft, partner at Kelly-Haft Financial, says the resilience of Alibaba amid a lock-up expiration shows that the stock remains a "great buy" for investors.
March 18- Apparel retailer Guess Inc's quarterly profit beat market estimates as the company's expenses declined and online business grew. The company's e-commerce sales jumped 37 percent to a record $80 million in the fourth quarter ended Jan. 31, underscoring a growing customer preference for shopping online. Selling, general and administrative expenses...
MINNEAPOLIS— Target will allow returns for up to a year for the store's private and exclusive brands as it seeks an advantage over rivals, both traditional and online. At Wal-Mart, most items bought in a store can be returned within 90 days of purchase. Best Buy allows returns on almost everything within 15 days for a full refund or exchange.
CNBC's Morgan Brennan and Tom's Guide Editor-in-Chief Mark Spoonauer discuss whether Alibaba's facial recognition payment system could actually be popular among consumers.
The former Priceline CEO is excited about social media and is hoping to capitalize on it in his latest business venture.
*Snapdeal is India's second-largest online shopping market. The company's aspirations are backed up by serious investment from the likes of Japan's Softbank Corp, which ploughed $627 million into Snapdeal last October, and could soon get a boost from Chinese e-commerce giant Alibaba Group, which is in talks for another cash investment, a source told Reuters...
*Amazon seen eventually launching "Fresh" in Germany. COLOGNE, Germany, March 12- Germany's second-biggest supermarket group REWE is investing heavily in grocery ecommerce even though it does not expect to turn a profit soon, as it braces for Amazon to expand its food delivery service. The online customer is our opportunity to become the number one in Germany.
March 12- Ride-sharing service Lyft said it raised an additional $530 million in a funding round led by Japanese online retailer Rakuten Inc, giving the Uber rival a valuation of $2.5 billion and adding momentum to its expansion plans. Rakuten said it is investing $300 million for an 11.9 percent stake in San Francisco- based Lyft- its first investment in a...
E-commerce company FlipKart is focusing on mobile offerings as Indian consumers increasingly turn to online shopping.
Farfetch connects well-heeled consumers with luxury boutiques around the world, and model that has earned the company a $1 billion valuation.
The Chinese e-commerce giant has seen "tremendous volatility," but still holds promise long term, KKM Financial's Jeff Kilburg said.
Customers claimed that Allstar Marketing Group, which sells products through infomercials, hid charges with confusing ads.
Alibaba's stock slump this year has unnerved shareholders, but for UBS analyst Eric Sheridan this is just a part of the growing pains.
Farfetch founder and CEO José Neves, says his company does not hold inventory, but a curated fashion platform which connects customers to boutiques.
HANGZHOU, China, March 4- Alibaba Group Holding Ltd is launching a cloud computing hub in Silicon Valley on Wednesday, the e-commerce giant's first outside of China, underscoring its global ambitions in the face of stiff and entrenched competition. Alibaba's Aliyun cloud division intends the new data center to cater initially to Chinese companies with...
While U.S. markets still see upside potential, short-term concerns such as soft U.S. data have resulted in a pullback, says Robert Pavlik, chief market strategist at Boston Private Wealth.
TAIPEI, March 3- Taiwan has ordered Alibaba Group Holding Ltd to withdraw from the island within six months because the online retailer had violated investment rules required for a Chinese company, an economics ministry official said on Monday. Alibaba has been fined T $120,000 and must withdraw or transfer its holdings from its operation in Taiwan, Emile M.P....