Consumer Services

Alibaba Generates $70.6 Billion in Singles’ Day Sales

November 11, 2020
The Chinese tech giant boasted eye-popping sales, but the event was overshadowed by looming anti-monopoly regulations.
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Samsung Chairman Lee Kun-hee Dies Aged 78

October 26, 2020
The chairman’s death has sparked speculation of a shake-up at the world’s second-largest consumer electronics company.
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Pub Chain JD Wetherspoon Makes First Loss Since 1984

October 16, 2020
Founder Tim Martin blamed “ill-thought-out” COVID-19 measures for the company’s £105.4 million loss.
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Starbucks Ties Executive Pay to Diversity Goals

October 15, 2020
The new executive compensation policy comes as part of a raft of measures intended to improve diversity in the coffee titan’s workforce.
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IBM Plans to Split Its Business in Two

October 12, 2020
The long-lived technology giant will divest of its legacy IT systems to refocus on cloud computing and artificial intelligence.
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Ikea Plans Physical Expansion Even as Customers Move Online

October 7, 2020
The furniture giant’s new CEO plans to open a record number of new stores, but with a different format from before.
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Billionaire Brothers Acquire Asda for £6.8 Billion

October 2, 2020
The EG Group founders’ deal with Walmart brings the supermarket giant back under British ownership.
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Amazon Reveals Palm-Scanning Retail Technology

September 30, 2020
Amazon hopes to licence the new biometric technology to third parties to transform business transactions.
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Every Decision Needs a People-Centric Approach

September 10, 2020
The period we’re in right now is one of relentless change. For leaders across industries, it’s a high-pressure environment, with the need to constantly evaluate, shift and pivot to keep on top of new challenges and adapt to changing demands.
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Silver Lake Invests $1 Billion in Ambani’s Reliance Retail

September 9, 2020
The investment comes months after Reliance’s launch of JioMart, aimed at tapping into India’s $825 billion retail market.
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Walmart’s Amazon Prime Competitor to Launch on 15 September

September 1, 2020
‘Walmart+’ will grant members free grocery deliveries and fuel discounts at certain petrol stations.
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Jack Ma’s Ant Group May See Largest Float Ever

August 26, 2020
All eyes will be on the Chinese billionaire’s firm as it threatens to beat Saudi Aramco’s initial valuation.
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