Technology

Alibaba Aims To Raise $5 Billion In Dual Currency Bond Deal, Sources Say

China's biggest e-commerce company Alibaba Group is aiming to raise $5 billion (€4.74 billion) in multi-tranche dollar and offshore Chinese yuan bonds...

Estonia's Bolt Hits Annual Revenue Of €2bn

Estonian ride-hailing and food delivery startup Bolt said it had hit €2 billion ($2.11 billion) in annual revenue.

Most Shoppers Encountering Gen AI Without Realising It, Bain Study Finds

Some 71% of consumers in the United States are unaware of having used generative AI when shopping online, even though most had recently shopped at retailer...

Just Eat Takeaway.com Sells Grubhub To Wonder

Just Eat Takeaway.com has announced it will sell Grubhub to Wonder for an enterprise value of $650 million (€612 million).

Amazon Developing Driver Eyeglasses To Shave Seconds Off Deliveries, Sources Say

Amazon is developing smart eyeglasses for its delivery drivers to guide them to, around and within buildings, as it tries to smooth the final stretch of an...

US Shoppers Lean Towards Online Shopping This Holiday Season, Study Finds

Eighty-three percent of holiday shoppers in the US are planning to shop online this year, according to the latest Holiday Purchase Intentions report from C...

Alibaba Misses Second-Quarter Revenue Estimates

Alibaba Group Holding missed analysts' estimates for quarterly sales, as lingering economic uncertainty sapped consumer spending in China and weighed on th...