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Chinese E-Commerce Giants Pivot to Selling Inexpensive Goods
Business

Chinese E-Commerce Giants Pivot to Selling Inexpensive Goods

Alibaba’s and JD.com’s quarterly results exceeded expectations after they focused on offering discounted goods in an uncertain economic environment. Source link

Twitter Sues Wachtell Over $90 Million Payout for Musk's Buyout Deal
Business

Twitter Sues Wachtell Over $90 Million Payout for Musk's Buyout Deal

Twitter sued Wachtell, Lipton, Rosen & Katz, the law firm that represented its interests in a Delaware case to force Elon Musk to complete his

Dow Jones Asks U.N. Rights Official to Press Russia for Evan Gershkovich's Release
Business

Dow Jones Asks U.N. Rights Official to Press Russia for Evan Gershkovich's Release

The Wall Street Journal reporter has been detained for 100 days. Source link

Russia Ordered to Pay Ukraine's Naftogaz $5 Billion for Assets Seized in Crimea
Business

Russia Ordered to Pay Ukraine's Naftogaz $5 Billion for Assets Seized in Crimea

The award by a Hague-based arbitration court is likely to trigger a long process by Ukraine and the gas company to recover Russian assets abroad.

Johnson & Johnson’s Talc Plan Spotlights Chapter 11 Voting Power
Business

Johnson & Johnson’s Talc Plan Spotlights Chapter 11 Voting Power

Johnson & Johnson’s latest plan to resolve mass cancer lawsuits through bankruptcy could force some cosmetic-talc users and their lawyers into a settlement they don’t

Jack Ma Engineered Alibaba's Breakup From Overseas
Business

Jack Ma Engineered Alibaba's Breakup From Overseas

The Chinese billionaire used his influence within Alibaba Group, the e-commerce empire he built, to orchestrate its breakup plans, people familiar with the matter said.

U.S., South Korea Vie Over Extradition of Crypto Fugitive Do Kwon
Finances

U.S., South Korea Vie Over Extradition of Crypto Fugitive Do Kwon

Markets Currencies Cryptocurrency Both countries are asking Montenegro to hand over the creator of the failed TerraUSD stablecoin to face criminal charges Source link

Alibaba to Split Into Six Groups and Explore IPOs
Business

Alibaba to Split Into Six Groups and Explore IPOs

The biggest structural overhaul in the Chinese tech company’s history comes a day after co-founder Jack Ma returned to mainland China. Source link

Coinbase Insider-Trading Case Spearheads Crypto's Latest Bid to Avoid SEC Oversight
Finances

Coinbase Insider-Trading Case Spearheads Crypto's Latest Bid to Avoid SEC Oversight

The crypto industry is hoping that a former manager at Coinbase who has pleaded guilty in a criminal case can beat the SEC by challenging