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Gap Inc. will sell its business in China and Taiwan to Chinese e-commerce services provider Baozun Inc. for up to $50 million, bringing an end to a bumpy 12-year foray in the region.
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John Miller has been writing about science, gaming, and tech culture for over a decade. He’s a top-rated reviewer with extensive experience helping people find the best deals on tech and more.
[ad_1] A hard-fought battle between Citigroup Inc. and creditors of Revlon Inc. over an epic blunder in which the bank accidentally sent the lenders almost a billion dollars was finally capped with a legal pronouncement: Case dismissed. The order of dismissal came Monday after the last holdouts among the lenders agreed to return their share […]
[ad_1] SoftBank-backed edtech unicorn Unacademy has fired 10% of the workforce or about 350 employees in third such round of layoffs within a year. In an internal email sent to the employees, Unacademy cofounder and chief executive officer (CEO) Gaurav Munjal pointed out the need to cut costs amid harsh economic conditions as the reason […]
[ad_1] Paytm, operated by One97 Communications, on Monday said it witnessed robust year-on-year (y-o-y) growth in its lending and offline payments verticals, monthly transacting users (MTUs) and overall merchant payment volumes (GMV) in the second quarter of the financial year 2023. Paytm’s loan disbursals stood at an annualised run rate of around ₹34,000 crore (close […]