Iconic American stores Macy`s and Gap are facing tough questions about their future following dreary earnings announcements this week that highlighted the growing market share taken by online retailers.
E-retailers, like Flipkart, Amazon and Snapdeal may now find it difficult to provide lucrative discounts to attract customers as the new guidelines on online marketplaces prohibit such players to influence the prices of goods and services.
China's capital registered a boom in online orders for condoms and sportswear rather than masks and air purifiers, state media reported on Wednesday, as the city of over 22 million people reeled under the first-ever red alert for rising levels of pollution.
Alibaba group's B2B arm Alibaba.Com Monday said it aims to more than double its user base in India over the next few years through on-boarding of over 5 million businesses on its wholesale trading platform.
E-commerce giant Alibaba said Thursday that Chinese and international consumers spent more than $14 billion in the world’s biggest online shopping day, as it sought to soothe worries over China’s slowing economy.