Alibaba’s instant commerce platform has reportedly crossed the 40-million-daily-orders mark within a month of launch. As Reuters noted in a report Monday (May 26) on...
China’s central bank is reportedly asking lenders to use more yuan in cross-border transactions. The People’s Bank of China has increased the base ratio for...
A former Federal Reserve economist is accused of passing government information to China. John Rogers allegedly shared reports, such as information prepared for meetings by...
China’s eCommerce regulator has issued draft guidelines for fees that companies can charge third-party merchants. The State Administration for Market Regulation on Sunday (May 25)...
Luxury conglomerate LVMH reportedly told investors and analysts that demand remains soft due to weaker consumer confidence in China and other markets. This message may signal that...
TikTok’s U.S. eCommerce workers are reportedly facing possible job cuts. That’s according to a Bloomberg News report Wednesday (May 21), citing an internal memo to the social media...
Last month, Chinese tech conglomerate Alibaba debuted a fast delivery service it dubbed “instant commerce.” On the company’s earnings call Thursday (May 15), analysts wanted...
Banks in the United States are increasingly finding themselves ensnared in cartel-connected money laundering operations. Underground banking networks are working with drug cartels to deposit...
United States smartphone shipments leaped 30% year over year in March as manufacturers raced to bring new inventory into the country ahead of the tariffs...