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HONG KONG: In December, Alibaba Group Holding Ltd put Pierre Poignant in charge of Lazada, the subsidiary spearheading the Chinese e-commerce giant’s high-stakes Southeast Asia expansion.
BENGALURU: Ray Kelvin, founder and chief executive of British fashion retailer Ted Baker Plc, has resigned amid misconduct allegations related to his hugging of business colleagues. Ted Baker in December announced an independent investigation into misconduct claims against Kelvin.
LONDON: Ted Baker Plc Chief Executive Officer Ray Kelvin resigned amid an investigation of his conduct, including allegations of behavior that was demeaning to employees of the U.K. apparel chain.
WASHINGTON: US officials are preparing a final trade deal that President Donald Trump and his Chinese counterpart Xi Jinping could sign in weeks, people familiar with the matter said, even as a debate continues in Washington over whether to push Beijing for more concessions.
Chinese company looks to sway US allies amid efforts to block it from rollouts of 5G networks on national-security concerns
LONDON: Prime Minister Theresa May has rejected the idea of targeting a customs union with the European Union, pouring cold water on hopes from some that she could shift her Brexit policy to win over the opposition Labour Party.
NEW YORK: Snap Inc said the number of people using its Snapchat app would remain at current levels this quarter, easing worries the company would continue to lose users to rival Facebook Inc's Instagram and sending its shares up more than 20 percent.