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E-Commerce

Alibaba takes record $25 bn on ‘Singles Day’

SHANGHAI: Chinese online shoppers spent a record $25 billion on this year's "Singles Day" promotion run by e-commerce giant Alibaba, up nearly 40 percent from last year, figures showed on Sunday. At the peak, 256,000 payments were being…

Walmart pushing hard to catch Amazon in e-commerce

NEW YORK: Wal-Mart Stores, the 800-pound gorilla of retail, is running hard to catch up in an increasingly crucial segment where it is neither the biggest nor the best: e-commerce. The company, founded in 1962 by Sam Walton, has been…

Amazon buys Middle East e-commerce giant Souq.com

Tech giant Amazon expanded its global reach Tuesday with the announcement of a deal to buy Dubai-based Souq.com, the Middle East's largest online retailer. The agreement, the financial details of which were not disclosed, brings Amazon…

Pinterest lets phones spy eye-catching items

SAN FRANCISCO: Pinterest on Wednesday infused more machine smarts into its online bulletin boards, pushing harder into e-commerce by enabling people to use smartphones to identify products they might wish to pursue. A test version of…