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Business 03 Apr 2014 | 8:23 AM

Alibaba's IPO architect lays out blueprint for e-commerce empire

HONG KONG/BEIJING: Alibaba, the world's biggest e-commerce company, changed how China shops. Now the man driving its blockbuster US stock sale wants to transform the rest of the country's services industry, adding new users to the giant's 300 million customers.

Business 03 Dec 2013 | 8:22 AM

Technology, rules keep Amazon drone delivery in hangar

SEATTLE: Amazon.com Inc Chief Executive Officer Jeff Bezos made a splash on Sunday with his radical plan to deliver goods to millions of its customers' doors by using a fleet of unmanned drones, but the bold vision is not likely to become a reality this decade.

Business 03 Dec 2013 | 8:18 AM

'Cyber Monday' sales set to hit record US$2bil

NEW YORK: U.S. online sales are expected to hit $2 billion on "Cyber Monday," for the first time since the data firm comScore has been tracking such information.

Business 02 Dec 2013 | 7:00 AM

US holiday weekend sales dip on discounts

NEW YORK: Heavy discounting took a toll on U.S. retail sales during the Thanksgiving weekend as shoppers spent less than they did a year earlier, according to data released Sunday by an industry group

Business 27 Nov 2012 | 12:00 AM

Online sales jump on Cyber Monday, eBay shines

SAN FRANCISCO: Online sales jumped on Cyber Monday, sending e-commerce retailers' shares higher and suggesting strong growth from earlier in the holiday shopping season is continuing for now.

Business 26 Nov 2012 | 12:00 AM

Black Friday sales online top US$1bil for first time

SAN FRANCISCO: Black Friday retail sales online this year topped $1 billion for the first time ever as more consumers used the Internet do their early holiday shopping, comScore Inc said on Sunday.

Business 26 Nov 2012 | 12:00 AM

US holiday shopping moves earlier in stores and online

CHICAGO: Todays Cyber Monday should still be the top online shopping day of the year but it may pack less of a punch because online sales, a growing number involving mobile devices, soared on Thanksgiving and Black Friday.

Business 21 Nov 2012 | 12:00 AM

Australia 'Click Frenzy' online sale tagged 'Click Fail'

SYDNEY: It was supposed to be Australia's first national, online shopping mega-sale but Click Frenzy sparked angry reactions Wednesday after its website crashed, with shoppers dubbing it Click Fail.

Business 12 Dec 2011 | 12:00 AM

Online spending stays strong in early December

NEW YORK (Reuters) - Online spending remained strong in early December, a period that usually marks a lull in the U.S. holiday shopping frenzy, comScore said on Sunday.

Business 28 Sep 2011 | 12:00 AM

Best Buy cuts holiday hiring by half

NEW YORK (Reuters) - Best Buy Co, the world's largest consumer electronics chain, will cut its hiring of temporary workers in the United States this holiday season by almost half compared with 2010.