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Facing entrenched rivals, Amazon to shut China online store

SAN FRANCISCO/BEIJING/HONG KONG: Amazon.com Inc said it will shut its China online store by July 18, as the US e-commerce giant focuses on the lucrative businesses of selling overseas goods and cloud services in the world’s most populous nation. The move underscores how entrenched, home-grown e-commerce rivals have made it …

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Rel Retail Q4 pre-tax profit up 77% at Rs 1,923 crore

New Delhi, Apr 18 () Reliance Retail Thursday reported a 77.07 per cent increase in its pre-tax profit to Rs 1,923 crore for the January-March quarter 2019. Comparatively, Reliance Retail had registered a profit before depreciation, interest and tax of Rs 1,086 crore in the same period a year ago. …

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