China’s Alibaba invests $3.3 billion to raise stake in logistics unit Cainiao
China’s e-commerce giant, Alibaba Group Holding, said on Friday it would invest an additional 23.3 billion yuan ($3.33 billion) to raise its equity stake in...
BUSINESS
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Amazon executive Steve Kessel to step down; to open first Quebec distribution center
E-commerce giant Amazon.com Inc’s long-serving executive Steve Kessel will leave the company after 20 years, a company spokesperson told Reuters on Friday. Kessel, a senior...
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Givaudan buys U.S. flavour and fragrance maker Ungerer
Swiss flavour and fragrance maker Givaudan said it was buying U.S. Ungerer & Company for an undisclosed sum as part of its long-term growth strategy....
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Amazon Australia signs up Zip Co buy now, pay later service
Amazon Inc’s Australia unit has signed up Zip Co Ltd to offer its buy now, pay later (BNPL) service on the U.S. giant’s local retail...
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Amazon Canada to build fulfillment center in Quebec
Amazon.com Inc said on Friday it plans to open its first fulfillment center in Quebec next year and expects to employ more than 300 full-time...