Amazon is preparing to close a Chinese online store that serves consumers in mainland China, according to people familiar with the subject. This withdrawal represents a major setback for the company. Other Amazon operations in China, such as Amazon Web Services, Kindle e-books and cross-border equipment that help send merchandise…
Comments closedTag: Alibaba
The main executives of Mastercard and Wells Fargo agreed that the blockchain technology has a long-term potential. But to date it has not been done. Tim Sloan, Managing Director of Wells Fargo, and Ajaypal Banga, Executive Director of MasterCard, agreed that the potential of distributed record technology (DLT) has not…
Comments closed
Apple now has become a fintech company. Apple Pay transactions tripled compared to the previous year, totaling more than a billion. This Apple is even ahead of the financial service providers Square and PayPal, as far as mobile transactions. Today, Apple secures its place as a major player in the…
Comments closed
Deutsche Bank and Commerzbank are talking about a possible merger. This is probably due not least to the fact that their stock market value has fallen significantly in recent years. Lower margins, stagnating restructuring efforts and especially at Deutsche Bank. New scandals and scandals have meant that the share prices…
Comments closed
The Dubai-based cryptography firm ABBC Foundation has agreed to stop using the name “Alibaba” for its cryptocurrency following a lawsuit filed by Chinese e-commerce giant Alibaba Group. ABBC Foundation’s decision was made in a settlement after Alibaba’s trial of the crypto start-up for almost a year. The ABBC Foundation, formerly…
Comments closed
A Spanish fintech closes one of the largest rounds of financing in the sector so far. Pagantis, former Digital Origin, has raised 66 million euros from three funds to finance its international expansion. Son Prime Ventures, SPF Investment Management, a recent spin-off of Credit Suisse and Rinkelberg Capital Group. This…
Comments closed
The young smart speaker market saw an upturn in 2018 thanks in large part to Chinese manufacturers and American companies such as Amazon and Google. During 2018, 78 million smart speakers were sold worldwide, with Amazon in the lead, Google following in its footsteps and the Chinese Alibaba, Xiaomi and…
Comments closed
The digital payment market could be $ 100 trillion in the future. This explained Dan Schulman, CEO of the online payment service PayPal, to the US news channel “CNBC”. With the boom in online commerce, digital payments are on the increase. PayPal CEO Dan Schulman is convinced that we could…
Comments closed
Technological giants such as Amazon, Google, Facebook and Alibaba have an advantage over traditional financial technology companies (fintech) by having unlimited user information and capital, which allows them to compete strongly, the Financial Stability Board (FSB) said. for its acronym in English). Financial services as part of product range In…
Comments closed
Amazon, the famous e-tailer of Jeff Bezos, has announced that it would not open its new headquarters in New York. This is due to opposition from local politicians. Electronic commerce (in its different variants such as m-commerce or social commerce) continues to expand and position itself in the world market.…
Comments closed