Italian ‘buy now, pay later’ specialist Scalapay has completed a funding round worth €131 million ($150 million), that will enable the company to bolster its personnel growth and international expansion plans.
Chinese prosecutors have dropped a case against a former Alibaba employee accused of sexually assaulting a female colleague, saying they had determined he had committed forcible indecency but not a crime.
China's JD.com said on Monday Xu Lei will become the e-commerce giant's first ever president, making way for chief executive and founder Richard Liu to devote more time to formulating long-term strategies.
Alibaba Group will invest 100 billion yuan ($15.5 billion) by 2025 in support of "common prosperity", it said, becoming the latest corporate giant to pledge support for the initiative driven by President Xi Jinping.
Singapore-headquartered Sea Ltd's Shopee has launched a recruitment campaign for vendors to sell on what it called "Shopee India" and is ramping up hiring in the country, according to Youtube videos and job postings.
Shares of Pinterest fell about 20% before the opening bell on Friday and were set to start trading at more than a three-month low after the company warned of slowing user growth in the United States, its largest market.
Events have conspired to drive global supply chains towards breaking point, threatening the fragile flow of raw materials, parts and consumer goods, according to companies, economists and shipping specialists.
A long road strewn with potential political pitfalls lies ahead for countries seeking to end a race to the bottom on international corporate tax, even though many have agreed to overhaul the way multinationals are taxed.
Anti-poverty campaigners on Monday criticised a deal reached by seven wealthy countries to impose a minimum tax on multinational companies, saying it would benefit rich nations at the expense of the poor.
Google said it would make changes to its global advertising business to ensure it did not abuse its dominance, bowing to antitrust pressure for the first time in a landmark settlement with French authorities.