Alibaba has taken another step in its quest to build a new retail empire. The Chinese tech titan announced today that it will invest approximately RMB 5.45 billion (around $866 …
Walmart’s Store No. 8 has created its third portfolio company with the acquisition of virtual reality platform and content studio Spatialand, the retail giant said in an email to Retail …
A partnership between iFashion Group and Asian electronic payments provider MC Payment, has announced an online mall in Singapore called MegaX that plans to accept payment only in cryptocurrencies. The mall is targeted specifically at …
Lidl has launched a new Facebook Messenger chatbot that seeks to help customers select the best wine to purchase. Dubbed “Margot”, the artificially intelligent chatbot is said to “perform the …
Many workers are anxious about the integration of robots into the workforce because of the potential job losses for people, particularly in low-skilled sectors. But in 50 Walmart locations around the United States, …
World retail leader Walmart has entered into an alliance with Rakuten, Japan’s biggest e-commerce operator, that will expand both companies’ consumer reach in Japan and the United States. According to …
The business development talks are at an initial stage, and it is not clear if they will lead to any cooperation, the person said, declining to be named.The discussions come …
Starbucks is experimenting with refusing cash at a posh location in downtown Seattle. Since Tuesday, your money is no good at the cafe inside the Russell Investments Center unless it’s …
Last fall, Kroger announced a new strategy called “Restock Kroger” that it said would generate $400 million in profit and $4 billion in free cash flow by 2020. The strategy …
Alexander McQueen is opening an online store on JD.com’s new online luxury shopping platform Toplife as part of a new move targeting the high-end Chinese market. The collaboration with JD.com …