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Alibaba currently has 25,000 engineers on staff, it says, and says the new research infrastructure will help them meet a goal of two billion customers within two decades.Business
Alibaba Singles' Day smashes USD 25 billion sales record

Alibaba said there were around 180,000 brands participating in Singles' Day, and as of 8 pm on Sunday sales were nearing...

12 Nov 2018 11:53 AM IST

Ikea announced to invest 1.5 billion euros or over Rs 10,000 crore in the biggest investment by a single-brand retailer in India. (Photo: AFP)Business
Ikea gears up to launch its first India store on July 19

The company officials said that the store would cater to every segment of customer and cover all price points.

5 July 2018 7:40 AM IST

This September 6, 2012, file photo, shows the Amazon logo. The American Civil Liberties Union and other privacy activists are saying law enforcement agencies could use the technology to easily build a system to automate the identification and tracking of anyone. (AP Photo/Reed Saxon, File)Business
India's e-commerce curbs could hit online sales by USD 46 bn by 2022:...

Amazon has committed to investing $5.5 billion in India, while Walmart last year spent $16 billion to acquire Flipkart.

17 Jan 2019 2:06 PM IST

The twice-a-year fair usually draws more than 180,000 foreign buyers and 60,000 Chinese vendors to the southern city of Guangzhou. (Photo | Wikimedia Commons - Gzdavidwong)Technology
Massive Chinese trade fair goes online, but buyers stay away

The Canton Trade Fair, founded in 1957, was for decades Chinese exporters' main link to foreign buyers.

19 Jun 2020 10:37 PM IST

They could also be settling for the USB Type-C port in the same way Google adopted it for their second generation Pixel smartphones. (Representative Image)Business
India smartphone shipment grows 11 pc in Q1 to 30 mn units: IDC

However, the smartphone market remained almost flat compared to the previous quarter, it added.

14 May 2018 4:27 PM IST

6 Billion in the Singles Day online sales, creating a new record in global retail sales for any single day.Business
Alibaba rakes up record USD 17.6 billion on Singles' Day sales

Online transactions totaled 120.748 billion yuan in the 24 hours that ended as the clocks struck 12 p.m. yesterday.

12 Nov 2016 5:09 PM IST

Governments surprise move to demonetise high denomination notes last month made a huge dent in retailers earnings, with sales falling by up to 70 per cent in early days. (Representational image)Business
Retailers take on online biggies, eye consolidation in 2017

Demonetisation has opened up a host of opportunities for innovative partnerships between digital wallets and retailers.

29 Dec 2016 1:15 PM IST

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