China plans to use cornerstone investors to help its overseas-listed tech giants such as Alibaba and Xiaomito sell shares at home, on worries the size of the deals could overwhelm mainland markets, three sources said.
UK retail had a better time in April yet not everybody was happy as department stores proved to be the main sector that was struggling. At least fashion had a better time of it than in the first few months of the year.
Online retail sales in France rose 13% to 22.3 billion euros ($26.10 billion) in the first quarter, said the French E-Commerce Federation, highlighting growth in a sector that has seen Amazon and others make in-roads.
German consumer sentiment deteriorated further heading into June to reach the lowest level so far in 2018, suggesting that household spending in Europe’s biggest economy could slow in the coming months.
Shop Direct continued to make strides as the UK’s second largest online retailer in the third quarter, however regulatory costs linked to PPI claims has pushed the parent company of Very.co.uk into the red.