India-based hotel group OYO is slowing its ambitions to be the world’s largest chain within the next three years, following a backlash from investors and growing losses. This comes after a period of rapid growth — now cut short. Get the Full Story Complete the...
As cases of the coronavirus swell in China, on-demand apps are seeing disruption in the country in lieu of benefiting from a homebound population. Food delivery apps, such as Sherpa’s, have cut their operations. One Bloomberg reporter noted that the grocery app of Alibaba Group told her...
Might eCommerce – in China, yes, but also well beyond that country’s borders – be among the casualties of the Coronavirus? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The Chinese government braced for additional economic turmoil, took steps to bolster its lagging economy and activated new safety measures as the coronavirus epidemic spread globally, causing the first illness-related death outside of China. Get the Full Story Complete the form to unlock this article...
Approximately 240 Uber users in Mexico can’t use the service now, their accounts suspended by the parent company after concerns over the coronavirus contamination. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
India has access to the well-known music streaming sites Spotify and Apple Music, but it’s the country’s homegrown Gaana that is getting the majority of listeners, the Wall Street Journal (WSJ) reported on Sunday (Feb. 2). Get the Full Story Complete the form to unlock...
The coronavirus is forcing global businesses of all categories to scale back, close locations or even shut down for a while, according to The Wall Street Journal. So far, the disease has killed more than 130 people, and more than 6,000 are infected. Get the...
Production supply chains are likely to feel the impact of the coronavirus as it spreads in China and spreads across borders. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Data indicate that the three biggest economies in the eurozone, France, Germany, and Italy, all report higher-than-expected consumer morale as shoppers continue to open their wallets and spend to support expanding a strong overall economy. Get the Full Story Complete the form to unlock this...
