ECOMMA

EBay forecasts fourth-quarter results below estimates on weak consumer spending

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EBay forecasts fourth-quarter results below estimates on weak consumer spending

The eBay app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration Acquire Licensing Rights Nov 7 (Reuters) – Ebay (EBAY.O) forecast fourth-quarter revenue and profit below Wall Street estimates on Tuesday and joined other e-commerce platforms in sounding the alarm on weaker-than-expected consumer spending. San Jose, California-based eBay’s shares … Read more

European Commission to step up scrutiny of influencers’ business practices

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European Commission to step up scrutiny of influencers’ business practices

European flags fly outside the European Commission headquarters in Brussels, Belgium September 20, 2023. REUTERS/Yves Herman//File Photo Acquire Licensing Rights BRUSSELS, Oct 17 (Reuters) – The European Commission said on Tuesday it would step up its scrutiny of the business practices of social media influencers, a market estimated to be worth some 20 billion euros … Read more

Vietnam’s Masan secures $200 mln investment from Bain Capital

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Vietnam’s Masan secures $200 mln investment from Bain Capital

Logo of the Bain Capital is screened at a news conference in Tokyo, Japan September 28, 2017. REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing Rights HANOI, Oct 2 (Reuters) – Vietnamese conglomerate Masan Group (MSN.HM) has secured funding of at least $200 million from Bain Capital, with the possibility of bringing in other investors to increase that … Read more

China lets Baidu, others launch ChatGPT-like bots to public, tech shares jump

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China lets Baidu, others launch ChatGPT-like bots to public, tech shares jump

Baidu sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song Acquire Licensing Rights Baidu, SenseTime, Baichuan open AI products to the public Chinese media say 11 firms have received government approval Approvals anticipated after Beijing passed generative AI rules Shares in Baidu, SenseTime jump Aug 31 … Read more

Exclusive: SoftBank in talks to buy Vision Fund’s 25% stake in Arm

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Exclusive: SoftBank in talks to buy Vision Fund’s 25% stake in Arm

A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File photo NEW YORK, Aug 13 (Reuters) – SoftBank Group Corp (9984.T) is in talks to acquire the 25% stake in Arm Ltd it does not directly own from Vision Fund 1 (VF1), … Read more

Japan’s struggling Rakuten to combine credit card and mobile payments business

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Japan’s struggling Rakuten to combine credit card and mobile payments business

The logo of Rakuten is pictured at the headquarters of Rakuten in Tokyo, Japan, May 15, 2019. REUTERS/Sam Nussey TOKYO, Aug 10 (Reuters) – Japan’s Rakuten Group (4755.T) will fold its payments and points businesses into its credit card unit, it said on Thursday, a move that could set the struggling e-commerce company up to … Read more

SoftBank seen returning to profit as tech stocks gain

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SoftBank seen returning to profit as tech stocks gain

The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato TOKYO, Aug 7 (Reuters) – Japan’s SoftBank Group (9984.T) is likely to report a return to profit when it announces first-quarter earnings on Tuesday, analysts said, as its Vision Fund investing arm’s portfolio of … Read more