Alibaba Group chairman Jack Ma will step down from the Chinese firm on Tuesday, leaving his handpicked successor a daunting task of steering the $460bn firm when the market for its core e-tail business has slowed.
On Wednesday September 4, the sixth edition of the LVMH Prize for emerging fashion designers was awarded in Paris to South African designer Thebe Magugu, while the Karl Lagerfeld Prize went to Hed Mayner from Israel.
WhatsApp will roll out its payments service in India this year following a year-long pilot, its global chief has said, as the Facebook-owned messaging giant taps an upsurge in digital payments in its dominant market.
Ebay said on Wednesday it would launch warehousing and shipping service for merchants selling through its platform starting next year, a new strategy that is expected to attract more sellers to the e-commerce platform.
Fast Retailing has become the latest retail giant to announce a major sustainability initiative with “plans to eliminate the use of unnecessary plastic throughout its supply chain and handed to customers” by next year.
Luxury titan Bernard Arnault on Friday confirmed that LVMH is already actively using blockchain for several of its luxury brands, as the French billionaire and high-tech fan presented the latest Innovation Award.
Chinese e-commerce leader Alibaba's quarterly revenue beat analyst estimates on Wednesday, indicating that the Sino-US trade tiff and a slowing domestic economy were having little impact on the bottom line.