The top messaging app in China is redesigning key product parts to spread its tentacles to just about every aspect of Chinese life, including its own payment infrastructure, posing a formidable challenge to Apple Pay.
A consortium led by private equity firms Hillhouse Capital Group and CDH Investments offered on Friday to buy Belle International Holdings Ltd in a deal valuing the Hong Kong-listed shoe retailer at about $6.8bn.
The 2016 Luxury Society Keynote Shanghai event took place last week, highlighting the need for brands to push augmented reality in the Chinese market, via new technologies such as VR and live streaming.
Alibaba Group Holding Ltd's chief Jack Ma has canceled a planned speech at an anti-counterfeiting conference in the US after the trade group behind it suspended the e-commerce giant's recently gained membership.
Alibaba Group Holding Ltd's online shopping platform Taobao is tightening controls on the sales of luxury goods, requiring sellers to show proof of authenticity, as it fights sales of fake items on one of China's top ...