Alibaba boosts share buy back as revenues miss estimates

[ad_1] By Reuters Published Feb 9, 2024 China’s Alibaba Group Holding on Wednesday missed analysts’ estimates for third-quarter revenue, hurt by a weak retail environment and faltering economic recovery in the world’s second-largest economy. Reuters U.S.-listed shares of Alibaba fell 4% in early trading after the company flagged an increase of $25 billion to its […]

Read More

TikTok, LVMH work on plan to limit fake items sold on the app

[ad_1] By Bloomberg Published Jan 11, 2024 Luxury conglomerate LVMH is in discussions with TikTok and its parent company ByteDance Ltd. on a plan for limiting counterfeit products sold on the popular video-sharing app. See catwalkLouis Vuitton – Spring-Summer2024 – Womenswear – Paris – © Launchmetrics The aim is to work together to achieve an […]

Read More