Alibaba Group Holding Ltd.

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BABA

Amazon Closes its Online Shopping Platform in China

The global online e-commerce store admits that support for third-country traders in the mainland of the world's second-largest economy will be halted, reported Econ.bg

In view of the pressure from competitors, Amazon.com Inc. said on Thursday that it is planned "operational corrections" in China to "focus more on cross-border sales."

Alibaba Conglomerate Raises with over 50% its Investment in New Research

China's technology conglomerate, Alibaba Group Holding, will increase more than twice its research and development spending (up to USD 15 billion) over the next three years to develop the next generation of technology, boost its growing business and explore ambitious projects, which could change the industries. This is reported by Bloomberg agency quoted by Investor.bg.