- Reuters•2 hours ago
India's biggest e-commerce firm Flipkart is buying domestic online fashion retailer Jabong from Global Fashion Group for $70 million in cash, the latest consolidation move in the country's e-commerce sector as competition intensifies. Flipkart unit Myntra, India's largest online fashion retailer which is buying Jabong, said on Tuesday the two sites will have a combined base of 15 million monthly active users. Global Fashion Group is backed by Germany's Rocket Internet (RKET.DE) and Sweden's Kinnevik (KINVb.ST).
- Bloomberg•3 hours ago
Amazon Inc. and the British government have announced a partnership to test the e-commerce giant’s aerial drone parcel delivery system after run-ins over the technology’s use.
Pre-Market: 740.190.58 (0.08%) as of 5:54 AM EDT
|Bid||736.00 x 100|
|Ask||743.00 x 100|
|52wk Range||451.00 - 757.34|
|Day's Range||735.35 - 748.50|
|Avg Vol (3m)||3,788,215|
As of 4:00 PM EDT. Market closed.