Alibaba's Ant Financial Services Group said on Thursday that it would acquire U.S. money-transfer company MoneyGram International Inc in a deal that is expected to shake up the international payments landscape.
Online retail sales in France could rise by 11 percent this year to 80 billion euros ($85.85 billion) as people turn to the Internet to shop more often, the French E-Commerce Federation (Fevad) said on Thursday.
Luxury label Jimmy Choo is upbeat after another year of record revenue. Revamped stores, online expansion, licensing growth and a good response to men's product all boosted 2016, despite tough times for luxury.
EBay Inc reported a 3.1 percent rise in quarterly revenue for the holiday period, offering a bright spot for investors as the company's revamped online marketplace attracted more buyers and helped sell more products.
Italian luxury group Tod's said on Wednesday 2016 revenue in 2016 fell by 3.2 percent at current exchange rates, hit by shrinking sales of leather goods as well as shoes and weakness in the U.S. and Chinese markets.