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Swiss watchmakers have long resisted the siren call of ecommerce. While many of their products sold online – you can find everything from Swatch to Breguet on the “grey market” – there were no official online channels for many brands. Until now. Omega, a Swiss watchmaker whose wares now grace the wrist of James Bond, […]
MEXICO CITY (Reuters) – Mexico’s government said on Wednesday it has inked a deal with Alibaba Group Holding Ltd, to get Mexican products and services, especially from small- and medium-sized firms, onto the top Chinese e-commerce firm’s platform.
New York (Reuters) – Sports e-commerce firm Fanatics has closed a $1 billion funding round led by SoftBank Group Corp’s Vision fund, which will give it the firepower to expand internationally, Chief Executive Doug Mack told Reuters.
BEIJING (Reuters) – Chinese authorities have issued a warning to the country’s top e-commerce platforms, including Alibaba Holding Group Ltd’s Taobao.com, over the sale of illegal virtual private networks that allow users to skirt state censorship controls.
MOSCOW (Reuters) – Russia’s biggest search engine Yandex said on Wednesday it would set up an e-commerce joint venture with Russia’s biggest bank Sberbank on the Yandex.Market platform.
SAN FRANCISCO (Reuters) – SoftBank Group Corp is investing $1 billion in Fanatics Inc as a part of a funding round that values the sports e-commerce company at $4.5 billion, according to sources familiar with the matter.
COPENHAGEN (Reuters) – Danish freight forwarder DSV will invest more to meet rising demand for services such as e-commerce and address competition from new players including Amazon.com which is seeking a greater role in the logistics supply chain.
NEW YORK (Reuters) – What looms over businesses as far flung as car repair, lab equipment and swimming pool gear? In a word, Amazon.