(Reuters) – Chinese e-commerce firm Pinduoduo posted a much wider-than-expected quarterly loss as it fought bigger rivals with heavy subsidies, driving its shares down by nearly a quarter and wiping almost $11 billion off its value on Wednesday.
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SINGAPORE (Reuters) – Oil prices edged lower on Thursday as fresh tensions between the United States and China over ongoing protests in Hong Kong fueled concern that a long hoped-for deal to end a trade war between the world’s top two economies …
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This week at dual events in Los Angeles and Beijing, Aston Martin unveiled the first SUV in its 106-year history. The $189,000 DBX, one of the last luxury-brand SUV models to hit the market, jumps into a race of automakers intending to capitalize on buyers’Â …
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NEW DELHI: Industry body Ficci on Thursday hailed the centre’s go-ahead to the sale of its stake BPCL, SCI and Concor stating that the move would strengthen the performance of these companies and bring in fresh investments for both modernisation and …
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European start-ups have raised a record amount of funding so far this year, with $34.3 billion of venture capital flowing into the continent’s fledgling technology sector since the start of 2019. That’s according to a report released Thursday by London-based …
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