SOUTH AFRICA

Singles Day shows China's global retail power

11 Nov., or 11/11, has been celebrated as Singles Day - a sort of anti-Valentine's Day for single people - since 1993. Chosen because its date has four ones in a row, the holiday originated in China...

By Venkatesh Shankar 2 days ago

SOUTH AFRICA

Richemont and Alibaba team up for luxury e-commerce venture

Richemont, owned by SA billionaire Johann Rupert, has announced a global strategic partnership with Alibaba Group which will see the launch of a luxury goods platform for the Chinese market...

29 Oct 2018

CHINA

Alibaba quarterly profits almost double to $1.55bn

Chinese e-commerce giant Alibaba said Thursday its net profit almost doubled in the latest quarter on the back of soaring growth in online shopping...

22 May 2017

GLOBAL

McDonald's reports higher earnings on strong US, China

NEW YORK, United States - McDonald's reported higher first-quarter earnings Tuesday on better performance in key regions, including the United States and China...

28 Apr 2017

SOUTH AFRICA

Alibaba sales growth soars into the cloud

BEIJING - Chinese e-commerce giant Alibaba's sales soared 55 percent in the last quarter, thanks in part to a more than doubling of revenue from cloud computing, the company said Wednesday...

3 Nov 2016

SOUTH AFRICA

China August industrial output up 6.1% y/y: govt

BEIJING - Growth in China's industrial production and retail sales accelerated in August, government data showed on Sunday, but the figures will do little to ease international concern about the world's second-largest economy...

14 Sep 2015