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Alibaba Reaches 3 Trillion Yuan Milestone Even as China Slows
Alibaba Group Holding Ltd. sold 3 trillion yuan ($463 billion) of goods through its online shopping websites in the year ending March, as it moved deeper into the untapped countryside and courted foreign brands.
Wanda Says More Chinese Companies Likely to Become FIFA Sponsors
China’s richest man said more Chinese companies are likely to join his Dalian Wanda Group Co. in becoming top FIFA sponsors and help the country’s chances to host the World Cup for the first time.
Lippo Partners With GrabTaxi to Expand E-Commerce in Indonesia
Indonesia's Lippo Group will partner with GrabTaxi Holdings Pte for e-commerce deliveries in Southeast Asia’s largest economy.
The Hidden Gem in Tiffany’s Outlook: Access to Cheaper Diamonds
Tiffany & Co. is suffering from currency fluctuations and a jittery global economy, but there’s one definite bright spot for the luxury jeweller: lower diamond prices.
Tiffany's Sales Drop 5.6 Percent in Holiday Quarter
Tiffany & Co's sales fell 5.6 percent in the holiday quarter as a strong dollar hurt tourist spending at its stores in the United States and ate into revenue from other markets.
Richemont Co-CEO Fornas to Retire as Cartier Cuts Jobs
Richemont's co-chief executive officer Bernard Fornas will retire as the jewellery maker is in the midst of a job-cut plan at its top watchmaking brands, including Cartier, Vacheron Constantin and Piaget.
Distress in the $80 Billion Diamond Market
Plunging diamond prices are causing hardship for people throughout the global supply chain from big mining operators in Africa, Russia and Canada to small-scale cutters and traders across Europe and Asia.
How REI’s Stop-Shopping Campaign Brings in More Shoppers
A campaign from Recreational Equipment Inc. urging people to stop shopping and start hiking appears to have led to ... well, a lot more shopping. No word yet on an uptick in hiking.
This Week on BoF Careers: Rocket Entertainment, LN-CC, Zalando
Check out this week’s new partners and openings on BoF Careers, the global marketplace for fashion talent.
Alibaba Affiliate Cainiao Attracts GIC, Temasek as Investors
Alibaba Group Holding Ltd.’s delivery affiliate attracted investments from Malaysia and Singapore, including Temasek Holdings Pte, in its first round of external fundraising since its creation in 2013.