China’s HNA Group Co is in talks to buy a controlling stake in e-commerce firm China Dangdang in a deal that could value the online marketplace at over $1bn, two people with direct knowledge of the matter said.
Chinese search engine giant Baidu Inc forecast December quarter revenue that fell short of analysts’ estimates as the company ramps up investments in artificial intelligence and autonomous driving technologies.
Indian digital payments major Paytm said that it witnessed a 65% rise in offline payments resulting in the largest Diwali season for mobile payments in India with transactions worth $1.6 billion during the period.
The 20th round of negotiations for the Regional Comprehensive Economic Partnership have begun between India and 15 other countries and the proposed e-trading regulations could spell a change for Indian e-commerce.
Meituan-Dianping on Thursday said it has raised $4bln in a funding round that values China's largest on-demand services provider at $30bln, a strategy to compete with the country's leading e-tail firms in offline retail.
India’s digital payments giant Paytm witnessed a 12% surge in overall gold sales on its platform on the auspicious occasion of Dhanteras celebrated in the country on Tuesday, the company said in a statement.