Tag Archives: Reuters

Chinese e-commerce website ihush.com has raised $43 million in venture capital funding to improve customer service and expand its user base, local media reported on Thursday. ihush.com, which sells branded consumer items online during a fixed time win…
Softbank expects to reach an agreement “soon” with Alibaba Group over ownership of China’s leading e-payment provider Alipay, the Japanese mobile carrier’s CEO said on Monday. Alibaba Group, China’s biggest e-commerce company, has been in negotiation…
China, already the world’s second-largest luxury goods market, will soon slash import duties on opulent items to encourage wealthy local shoppers to buy more pricey cosmetics, watches and liquor, Chinese media said on Monday.