NEW YORK (AP) — Visa and Mastercard on Friday announced their departure from Facebook's Libra project, a major setback to the social network's plan for a worldwide digital currency.
WINOOSKI, Vt. (AP) — A Vermont-based company that helps grocers with their online strategies announced Monday it was being acquired by a Florida company.
NEW YORK (AP) — The latest on developments in financial markets (all times local):
U.S. stocks are closing lower as technology and health care companies take losses.
Facebook lost 2.6 percent Tuesday and drugmaker Amgen lost 1.8 percent.
JD.com fell 6 percent after the CEO of the Chinese e-commerce company was arrested in Minneapolis on suspicion of criminal sexual conduct. JD.com said Richard Liu returned to China after his release.
UNITED NATIONS (AP) — The United Nations is establishing a high-level panel co-chaired by Chinese e-commerce billionaire Jack Ma and the wife of Microsoft founder Bill Gates to make recommendations on ensuring "a safe and inclusive digital future."
Secretary-General Antonio Guterres said at a news conference Thursday that he sees the United Nations "as a unique platform for dialogue in our digital age" and the panel as an expert group to make proposals to strengthen international cooperation.
SEOUL, South Korea (AP) — Chinese smartphone maker Xiaomi Corp. plans to raise up to $6 billion in one of the biggest global stock market debuts in recent years as it tries to become a worldwide hardware-and-services brand alongside Apple, Google and Amazon.
The initial public offering in Hong Kong would value the Beijing-based company at as much as $70.3 billion, according to details released Saturday.
SEOUL, South Korea (AP) — Google said Monday that it will invest $550 million in Alibaba's main rival JD.com as the U.S. tech giant seeks to expand in fast-growing Asian e-commerce markets.
Under the partnership, JD.com products will appear on Google's shopping service, giving JD.com access to consumers outside Asia, while Google can apply the Chinese e-commerce company's supply chain and logistics expertise to its technology.
BANGKOK (AP) — The Chinese e-commerce giant Alibaba has agreed to step up investments in Thailand as competition between online retailers heats up in fast-growing Southeast Asia.
NEW YORK (AP) — Walmart is getting bruised in its battle with online leader Amazon.
The world's largest retailer on Tuesday reported a smaller-than-expected fourth-quarter profit as it wrestled with slower e-commerce sales during the busiest time of the year. The results underscore the company's challenges in a fiercely competitive retail landscape.
MILWAUKEE (AP) — The next phase in data collection is right under your feet.
Online clicks give retailers valuable insight into consumer behavior, but what can they learn from footsteps? It's a question Milwaukee-based startup Scanalytics is helping businesses explore with floor sensors that track people's movements.
(The Conversation is an independent and nonprofit source of news, analysis and commentary from academic experts.)
MOBILE, Ala. (AP) — In an example of Walmart's evolving e-commerce strategy, a company supercenter in Mobile County is allowing customers to digitally "try on" makeup through a virtual reality system called ModiFace.
"There are less than five of these in the country," said John Wimsatt, store manager of the Tillman's Corner Walmart, during a tour of the newly interactive store on Wednesday.
WASHINGTON (AP) — As consumers demand ever-quicker and convenient package delivery, the U.S. Postal Service wants to boost its business this holiday season by offering what few e-commerce retailers can provide: cheap next-day service with packages delivered Sundays to your home.
Retail giant Walmart says it is considering the Sunday option, which could reshape weekend shopping trips to the mall.
WASHINGTON (AP) — When the robots came to online retailer Boxed, dread came, too: The familiar fear that the machines would take over, leaving a trail of unemployed humans in their wake.
"I had a lot of people asking me, 'What is going to happen to us?'" says Veronica Mena, a trainer for the e-commerce startup, recalling the anxiety that rippled through her co-workers after company executives announced plans to open an automated warehouse in nearby Union, New Jersey.
PIERRE, S.D. (AP) — South Dakota's Supreme Court on Thursday struck down a law that would require out-of-state retailers to collect sales taxes on in-state purchases — a defeat the state expected and welcomed in a case that eventually could have national implications for e-commerce.
NEW YORK (AP) — QVC's parent company is taking control of the Home Shopping Network for about $2.6 billion in stock to create what they say will be the third-largest e-commerce company in the United States.
The companies long known as bases for home shopping on TV had been dealing with sluggish sales as Amazon dominates online. Both had long moved beyond cable channels and were trying to refashion themselves for younger shoppers buying more on their mobile phones.
HOBOKEN, N.J. (AP) — Even after an online spending spree, it may be hard for Wal-Mart to escape the Amazon in the room.
Wal-Mart's acquisition of Jet.com and brands that appeal to younger shoppers have given it an e-commerce boost as it works to close the gap between itself and the online leader. The world's largest retailer is betting on essentials like cereal and diapers, and has adjusted its shipping strategy to better compete with Amazon's Prime program.
BEIJING (AP) — Chinese e-commerce giant Alibaba and the country's biggest phone carrier, China Mobile, announced a partnership Wednesday to develop internet-related services as web users migrate to mobile devices.
Chinese internet and telecoms companies are rushing to keep up as activity shifts to mobile phones and tablets. China has 710 million internet users, more than 90 percent of whom use wireless devices to go online, according to government data.
NEW YORK (AP) — Wal-Mart Stores Inc. saw its third-quarter profit fall more than 8 percent, dragged down as it continues to plow money into e-commerce and improving its stores. While online sales improved, overall revenue fell short of expectations as the company said it was hurt in part by falling food prices.
NEW YORK (AP) — Wal-Mart Stores Inc. plans to slow its new store openings and pour more money into its online efforts, technology and store remodels, the company said Thursday.
The world's largest retailer completed its more than $3 billion buyout of the fast-growing online retailer Jet.com last month, showing how heavily it's willing to invest to boost online sales that totaled $13.7 billion last year — still just a fraction of its annual revenue.
NEW YORK (AP) — Wal-Mart is buying fast-growing online retailer Jet.com for $3 billion in cash plus $300 million in stock, scooping up a newcomer that launched a year ago with the intention of challenging online leader Amazon.
The hefty price underscores how Wal-Mart is trying to compete more aggressively and effectively for younger and more affluent customers as it has seen its online business growth slow, even with big investments in distribution centers and expanding...
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