In this photo a smartphone on a table with Amazon logo on a screen.

Amazon Had 4bn Visitors in March, more than eBay, Apple, Walmart, Rakuten Combined

Justinas Baltrusaitis

Leading online retail platform Amazon (NASDAQ: AMZN) had a significant number of unique visitors in March compared to competitors. Data gathered by Learnbonds.com shows that Amazon had 4.06 billion visitors which was more compared to eBay, Apple, Walmart, Rakuten, Samsung.com, and Apple.com combined visitors of 3.85 billion. From the data, eBay received at least three…

Scandal-hit Luckin Coffee raided by Chinese regulators over $310m accounting probe

Mohit Oberoi

Scandal-hit Luckin Coffee has had its offices raided by Chinese regulators, as the coffee chain faces a $310m accounting probe. China’s State Administration for Market Regulation swooped on the chain’s headquarters on Tuesday, based in Xiamen, southeast China, after the business admitted earlier this month that it had uncovered $310m (£250m) in fake transactions. The…

UK Tik Tok house participants

TikTok shared house project pushes ahead amid concerns over UK lockdown

Galina Mikova

Six of the UK’s most popular TikTok content creators are moving forward with plans to live under the same roof to meet a surge in demand from teenagers in lockdown, despite criticism about the timing. The Bytesquad collective planned the move prior to the coronavirus pandemic and completed it before the UK lockdown on 23…

ray dalio on gold

Billionaire investor Dalio says US will shun Chinese supply chains after virus

Mohit Oberoi

Billionaire hedge fund manager Ray Dalio sees a three to five years of restructuring after the coronavirus pandemic, that will lead to a shift away from a reliance on Chinese supply chains. The pandemic has exposed the centrality of China in global supply chains. President Trump has criticized China several times and labelled the coronavirus…

Billionaire Richard Branson offers private island for aid to keep Virgin Atlantic flying

Mohit Oberoi

Virgin Atlantic chairman Sir Richard Branson (pictured) has offered to put his private island up as a collateral in return for aid from the UK government. Branson is UK’s seventh-richest person and has an estimated net worth of £4.7bn, but he is believed to be seeking a £500m loan from the British taxpayer. But Branson…

P&G posts earnings jump as shoppers stockpile toilet rolls and cleaning products, shares rise

Alejandro Arrieche

Household goods giant Procter & Gamble (PG) saw sales surges as shoppers stockpiled toilet paper and cleaning products as a result of being lockdown by the coronavirus outbreak. The Cincinnati-based group said organic sales jumped 10% in the US and 6% across western Europe as consumers bought more of its brands such as Charmin toilet…

A global health crisis and financial scandals have not curbed enthusiasm for Chinese IPOs in the US

Galina Mikova

Despite a difficult period for Chinese companies over the last month, interest in cross-border listings remains strong. Chinese initial public offerings (IPOs) in the US made up about a fifth of IPO proceeds in America in the last three months, raising $3.3bn in the first quarter, the most in three years, according to investment bank…

Tesla stock

Tesla stock surges 60% in seven days

Siraj Sarwar

Tesla (NYSE: TSLA) stock price has so far recovered more than half of the losses it suffered during the coronavirus selloff as some pundits believe Tesla is well-placed to recover at a faster pace than legacy automakers because the coronavirus spread will slow their move towards electric vehicles. Investors’ confidence in Tesla’s production capacity is…