As most companies rush to grow their online presence, Alibaba is actively seeking to expand its offline footprint through its new manufacturing division, Xunxi. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
In today’s top payments news around the world, Red Dot Capital Partners has landed $200 million to invest in tech firms, Walmart announced it would sell its retail operations in Argentina to Grupo de Narváez. Plus, Amazon has opened three additional logistics hubs in Brazil....
Sales of cars in China posted a big gain in October, offering a bright spot for the still recovering global auto sector, with electric vehicles leading the growth charge, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this...
The European Union is hitting U.S. companies with tariffs on up to $4 billion worth of goods, according to a CNBC report on Monday (Nov. 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
TikTok owner ByteDance could see its valuation jump to a stunning $180 billion as it seeks another round of investor cash as part of an emerging plan to list some of its businesses on Hong Kong’s stock exchange. Get the Full Story Complete the form...
The Public Investment Fund of Saudi Arabia plans to invest about $1.3 billion for an equity stake of about 2 percent in India’s Reliance Retail Ventures Ltd., a subsidiary of the conglomerate Reliance Industries. The companies announced in a press release that the investment values...
The decline in international students setting their sights on M.B.A. programs in the U.S. means more of them are looking elsewhere — to Europe and Canada in particular, The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and...
The International Monetary Fund (IMF) is calling on Group of Twenty (G20) member states to continue pumping money into their economies to help offset the devastating effects of the ongoing COVID-19 pandemic. Get the Full Story Complete the form to unlock this article and enjoy...
When the World Bank issued its 2020 predictions for the remittances market, it was bad news for service providers in the space. The report, released back in April, predicted the sharpest-ever decline in remittance volume, projecting a 20 percent drop in remittance activity. Get the...
