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Alibaba reports slowest revenue growth since going public

Speaking on an investor call, deputy CFO Toby Xu said the drop was caused in part by lowering merchant fees amid the slo...

Louis Vuitton set to raise prices this week as costs climb

Louis Vuitton, the world's biggest luxury brand, will become one of the first big labels in the industry to hike prices ...

In relief for retailers, Vietnam won’t close factories amid Covid surge

The government is targeting economic growth of 6 per cent to 6.5 per cent this year, up from 2.5 per cent in 2021.

Mandatory masks, tests as NY Fashion Week embraces ‘new normal’

Fashionistas will be accessorising their outfits with mandatory masks to attend New York Fashion Week this season, adher...

Chinese fashion retailer Shein revives plan for New York listing

It was not immediately clear how much the company was looking to raise from its New York debut.

Nike sues Lululemon over Mirror Home Gym

Nike, based in Beaverton, Oregon, is seeking triple damages for Lululemon's alleged wilful infringement, and a variety o...

China’s Alibaba pledges carbon neutrality by 2030

Alibaba promised to achieve carbon neutrality by 2030 in its own direct emissions - known as "scope 1" - as well as its ...

Legislation imposes world-leading lifetime ban on cigarette purchasing

The number of stores legally allowed to sell cigarettes will be reduced from 8000 now to just 500.

Alibaba fires employee who accused former co-worker of sexual assault

A termination letter said the employee spread false information about being assaulted which "caused strong social concer...

EB Games owner being investigated over meme-stock trading frenzy

Video game retailer GameStop Corp, which owns and operates EB Games in Australia, said it was issued a subpoena by the U...

Alibaba overhauls e-commerce businesses, appoints new CFO

The changes come as Alibaba faces headwinds on multiple fronts, including increased competition, a slowing economy and a...

Apple warns of weak demand for iPhone 13 lineup

The company had cut production of iPhone 13 by as many as 10 million units, down from a target of 90 million, due to a g...

Omicron’s impact on holiday spend “uncertain”: Amazon

Amazon's comments come amid a backdrop of recent supply chain disruptions linked to the spread of another coronavirus va...

Alibaba expects slowest annual growth in eight years

China's Alibaba forecast annual revenue to grow at its slowest pace since its 2014 stock market debut due to slowing con...

India police charge Amazon execs in alleged marijuana smuggling case

Police did not disclose how many executives were charged.

Alibaba takes in US$84.54 billion in orders in toned-down Singles Day

The results come as overall consumption in China slows, and cap a relatively muted version of a sales festival that Alib...

Facebook plans to remove thousands of sensitive ad-targeting options

The company makes the vast majority of its revenue through digital advertising.

From splurge to ‘common prosperity’: Alibaba tones down Singles Day

In 2021, Alibaba is formally promoting "sustainable development" and "inclusiveness".

Amazon’s holiday-quarter forecast disappoints as labour, supply issues mount

After a year of blockbuster results, the world's largest online retailer is facing a tougher outlook.

Facebook changes name to Meta as it refocuses on virtual reality

CEO Mark Zuckerberg said the new name reflected its work investing in the metaverse, rather than its namesake social med...