Walmart to invest in its own technology for digitizing its inventory management amid record online sales. Walmart has informed this week that the company will not be proceeding with its plans of using “roving robots to scan shelves and keep track of inventory” whereby wrapping up its years of...

The growing popularity of computer games during the COVID-19 pandemic enabled Tencent to almost double its profits in the third quarter. According to the game developer's financial report, its net profit for the three months reached 38.5 billion yuan ($5.8 billion), which is 89% better than last...

Japanese carmaker Nissan reported a loss of 330 billion yen (approximately $3.1 billion) for the first half of the current fiscal year (April 1 - September 30, 2020) compared to the same period of the previous fiscal year. Nissan finished the first half of fiscal year 2019 with a profit of 65.4...

Alleging that the United States based search engine giant Google unfairly favours its own services on its web searches, a call on the antitrust enforcers European Union to take a tougher line against the US company was given by a group of 165 companies and industry bodies.   In addition to...

Sales on Alibaba's electronic trading platforms have already exceeded 372.3 billion yuan (56.4 billion dollars) over the period of the world's largest global online sale in China, according to preliminary official figures. "Since midnight on 1 November, total turnover has exceeded 372.3 billion...

The deal, which will allow Honor to be exempted from American sanctions, is scheduled to be announced on 15 November. Chinese company Huawei is preparing to sell its mobile and computer equipment business under the Honor brand. Negotiations for the purchase of Honor are under way with a consortium...

On Monday, VF Corp, an American company that includes shoe brands Vans and Timberland, announced the purchase of the renowned streetwear manufacturer Supreme. The deal was worth $2.1 billion. With several conditions met, including revenues of at least $500 million and adjusted earnings per share of...

The Traton Group, a subsidiary of Volkswagen, which produces trucks, announced on Saturday the purchase of its American competitor, Navistar International. Traton, which already owns about 16.7% of Navistar, is buying the remaining 83.3% of the company for $3.7 billion, bringing the total value of...

According to analysts, the chances of getting a public listing for China’s Ant Group is only likely to be delayed instead of being destroyed by the sudden decision of Chinese regulators to suspend the record listing of the company, even though this move will hit the valuation and growth prospects...