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Amazon to close down online retail operations in China as it struggles to compete with Alibaba, JD.com

Amazon is planning to close down online retail operations catering to consumers in China, in an apparent admission of defeat to local e-commerce rivals such as Alibaba, a report said on Thursday

Microsoft to collaborate with ride-hailing firm Grab on big data and AI projects

Neither Microsoft nor the Southeast Asian ride-hailing app Grab have disclosed the deal value.

Alibaba co-founder and China's richest man Jack Ma to step down, will focus on philanthropy

As he prepares to leave the company, Jack Ma is among China's richest men with a net worth estimated by Forbes at $38.6 billion.

Alibaba to have lean profits despite reporting strong quarterly revenues

Alibaba has far-flung investments in sports content, microchips and facial recognition technology.

Chinese e-commerce website JD.com plans move into Europe, states CEO Richard Liu

JD.com is investing heavily in logistics and offline retail to expand beyond its base in China.

Walmart eyes tie-ups with local players in UK, India to stem market share losses; multi retail giant scales back in other markets

The moves underscore Walmart’s renewed focus on catching up with competitors, ranging from grocer Aldi Inc to Amazon.com Inc, in key international markets.

Xiaomi to launch a new device targetted at the Indian market even as Redmi Note 5 launch rumours appear online

Xiaomi's Vice President Manu Kumar Jain took to Twitter to tease the possible launch of another smartphone with an image that shows the letter "i".

Xiaomi Redmi Note 5 gets briefly listed on Chinese website; could be unveiled soon

The Xiaomi Redmi Note 5 was briefly listed on Chinese website JD.com with a price tag of CNY 8,888 (roughly Rs 88,000).

China’s e-commerce website JD.com sales reached $19.14 billion on Singles’ Day

JD.com started its sales event on 1 November, to reduce delivery bottlenecks and to give users more time to make their purchasing decisions, it said.

A case of Apple iPhone 8 popping open due to swollen battery reported in China

Pictures taken by Liu showed an iPhone 8 plus split open along the side featuring the sim card holding, with the phone’s internal parts visible.