Ebay Inc missed estimates for second-quarter revenue on Wednesday, as its online ticket marketplace StubHub had a disappointing quarter, leading the e-commerce website to forecast underwhelming third-quarter results.
Chinese e-commerce giant Alibaba Group Holding on Wednesday said it has agreed to acquire a minority stake in China's Focus Media Information Technology Co Ltd to tap into the digital marketing sector.
Casino, which is battling to ease investor concerns about its high debt levels, posted stronger-than-expected second-quarter revenue, thanks to accelerating sales in France and Brazil, and predicted solid growth ahead.
Sustainable cashmere company Naadam announced on Tuesday that it has raised $16 million in Series A funding. It plans to invest in marketing, advertising, and brand communication initiatives, as well as physical retail.