De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
mobile-commerce
Latest News & Analysis
Technology
Japanese Internet Giants Join Forces as Mobile Payment Race Heats Up
Line and Mercari are teaming up to face powerful rivals, such as Ratuken, SoftBank and India's Paytm.
Japanese Internet Giants Join Forces as Mobile Payment Race Heats Up
Line and Mercari are teaming up to face powerful rivals, such as Ratuken, SoftBank and India's Paytm.
Technology
Fashion in 2018 | 06. Mobile Obsessed
As mobile-first consumers are choosing the convenience of using their phones for transactions, fashion companies will in 2018 begin to realise the opportunities this brings.
Fashion in 2018 | 06. Mobile Obsessed
As mobile-first consumers are choosing the convenience of using their phones for transactions, fashion companies will in 2018 begin to realise the opportunities this brings.
Technology
How an Amazon PayPal Clone Could Threaten Other Payment Services
Amazon has hinted that it may be moving in this direction, as it promotes its branded checkout button on merchant websites and offers Prime members rewards when they use a debit card to reload gift cards.
How an Amazon PayPal Clone Could Threaten Other Payment Services
Amazon has hinted that it may be moving in this direction, as it promotes its branded checkout button on merchant websites and offers Prime members rewards when they use a debit card to reload gift cards.
Technology
Report: Amazon Bids for Indian Payments App FreeCharge
Amazon is trying to buttress its digital payments operations as it takes on local rivals including Paytm and Flipkart.
Report: Amazon Bids for Indian Payments App FreeCharge
Amazon is trying to buttress its digital payments operations as it takes on local rivals including Paytm and Flipkart.
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Financial Markets
News Bites | NewStore Lands $50 Million in Funding
In today’s News Bites, mobile retail platform NewStore shares its plans to take on Amazon after a Series B funding round.
News Bites | NewStore Lands $50 Million in Funding
In today’s News Bites, mobile retail platform NewStore shares its plans to take on Amazon after a Series B funding round.
Technology
WhatsApp Joins Arsenal of Online Luxury Amid Race for Customers
By becoming one of the first companies to use WhatsApp to sell directly to customers, Yoox Net-a-Porter is seeking a leg up on competitors like Farfetch and luxury brands’ own sites.
WhatsApp Joins Arsenal of Online Luxury Amid Race for Customers
By becoming one of the first companies to use WhatsApp to sell directly to customers, Yoox Net-a-Porter is seeking a leg up on competitors like Farfetch and luxury brands’ own sites.
China
The China Edit | Chinese Tourist Spending Falls, Alibaba Hits Australia
This week, why the average Chinese tourist is spending less abroad, while the Alibaba Group expands into Australia and New Zealand.
The China Edit | Chinese Tourist Spending Falls, Alibaba Hits Australia
This week, why the average Chinese tourist is spending less abroad, while the Alibaba Group expands into Australia and New Zealand.
News & Analysis
What Facebook's Head of Advertising Wants to See Happen in 2017
"Facebook should help people directly order food, buy tickets to events, find out what to do on a Saturday night and shop until their heart's content
What Facebook's Head of Advertising Wants to See Happen in 2017
"Facebook should help people directly order food, buy tickets to events, find out what to do on a Saturday night and shop until their heart's content
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China
The China Edit | Millennial Spending Poses Debt Risk, Michael Jordan Scores Legal Win
Spending and borrowing by Chinese millennials poses a risk to China's fast-growing debt, and basketball player Michael Jordan scores a legal win for his Chinese name.
The China Edit | Millennial Spending Poses Debt Risk, Michael Jordan Scores Legal Win
Spending and borrowing by Chinese millennials poses a risk to China's fast-growing debt, and basketball player Michael Jordan scores a legal win for his Chinese name.
Technology
As Online Sales Soar, Brands Must Boost Digital Innovation
Booming e-commerce sales on Black Friday underscore the need for continued digital investment, but front-end upgrades are only the tip of the iceberg.
As Online Sales Soar, Brands Must Boost Digital Innovation
Booming e-commerce sales on Black Friday underscore the need for continued digital investment, but front-end upgrades are only the tip of the iceberg.
China
The China Edit | Mobile Retail Seen Reaching $1.4 Trillion, Demand for Online Luxury Rental Grows
China's mobile retail spending is expected to grow to $1.4 trillion by 2019 and luxury dress rental services are catching on among fashion-savvy and status-hungry consumers in smaller Chinese cities.
The China Edit | Mobile Retail Seen Reaching $1.4 Trillion, Demand for Online Luxury Rental Grows
China's mobile retail spending is expected to grow to $1.4 trillion by 2019 and luxury dress rental services are catching on among fashion-savvy and status-hungry consumers in smaller Chinese cities.
News & Analysis
How China’s Mobile Retail Spending Will Just Keep Ringing Up
"There are over 1.3 billion mobile subscribers in China, and the country’s mobile commerce industry is expected to be worth US$1.41 trillion by
How China’s Mobile Retail Spending Will Just Keep Ringing Up
"There are over 1.3 billion mobile subscribers in China, and the country’s mobile commerce industry is expected to be worth US$1.41 trillion by
The News in Brief
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.
Zimmermann Names Roberto Eggs CEO
The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman.