In a statement, British online fashion retailer ASOS Plc said, it has raised $304 million (247 million pounds) via a placement as it attempts to shore up its finances in case of a prolonged business downturn from the coronavirus pandemic…. Read More ›
Day: April 8, 2020
On Wednesday, in a statement Japanese automaker Nissan said, sales in China in March have dropped by 44.9% from a year earlier to 73,297 units. The coronavirus epidemic continues to ravage the global automotive industry. On a positive note, Nissan,… Read More ›
Airbnb’s new investment by private equity firms Silver Lake & Sixth Street Partners imply reduced valuation
According to sources familiar with the matter at hand, Airbnb Inc’s latest $1 billion investment from private equity firms Silver Lake and Sixth Street Partners has terms that imply a reduced valuation for the home rental company. According to a… Read More ›
Amazon focuses on handling surge in online order, suspends competing with FedEx and UPS in delivery service sector in U.S.
Amazon.com Inc, the world’s biggest online retailer said it will stop competing with FedEx and UPS in the United States and will suspend a delivery service that aims to compete with these companies. Amazon’s delivery service business, Amazon Shipping, will… Read More ›