commerce

China to Impose Additional USD 16 Billion in Tariffs on U.S. Goods

China to Impose Additional USD 16 Billion in Tariffs on U.S. Goods

China is imposing another 25% tariff on an additional USD 16 Billion worth of U.S. goods such as fuel, steel products, and auto and medical equipment, said the Chinese Commerce Ministry. The tariffs are set to take effect beginning August 23rd, the ..

Chinese E-Commerce Pinduoduo Raises $1.6B with U.S. IPO

Chinese E-Commerce Pinduoduo Raises $1.6B with U.S. IPO

Chinese commerce startup Pinduoduo Inc. (NASDAQ: PDD) priced its U.S. initial public offering at USD 19 per share, the high-end of the range, and raised USD 1.63 Billion to become the second largest U.S. float from a Chinese company this year. Pindu..

Amazon’s New Moves in the UK Grocery Business are Generating Jobs

Amazon’s New Moves in the UK Grocery Business are Generating Jobs

Amazon.com, Inc. (NASDAQ: AMZN) will add over 2,500 new permanent jobs in Britain this year, increasing its UK workforce to about 28,000, said the U.S. retailer on wednesday.It will include jobs in the head office, research and development, web ser..

Alibaba places shares into healthcare assets ($1.4 BILLION DEAL)

Alibaba places shares into healthcare assets ($1.4 BILLION DEAL)

Chinese e-commerce business Alibaba Group Holding Ltd (NYSE: BABA) sold some shares of pharmaceutical business to fund purchases of health-related assets through $1.4 billion deal.Alibaba Health Information Technology Ltd., a subsidiary of Alibaba, ..

Easing Trade Tensions Portend Steady Stock Markets

Easing Trade Tensions Portend Steady Stock Markets

Easing trade tensions between China and the United States mean US stocks can only go up on May 14. Futures predicted a 0.2 percent opening gain for S&P 500. The Dow Jones Industrial Average or DJIS may go up by 0.3 percent. The Stoxx Europe 600 ..

Sears stock jumps after announcing partnership with Amazon

Sears stock jumps after announcing partnership with Amazon

Sears Holdings Corp. (NYSE: SHLD) Stocks jumped 15.9% to $3.20 after it announced a partnership with Amazon.com, Inc. (NASDAQ: AMZN) on Wednesday. It will use the e-commerce giant’s platform to sell its DieHard tires and connect with cust..

Alibaba Reports 61% Quarterly Revenue Growth

Alibaba Reports 61% Quarterly Revenue Growth

Alibaba Group Holding Ltd (NYSE: BABA) on Friday reported financial results for the quarter ended March that topped analysts’ estimate, driven by strong growth in its core commerce business.Alibaba, China’s e-commerce giant, said revenue..