Ant Group removes small banks’ online deposit products from its platform as it toes the line with China’s new fintech rules
The move by the world’s largest fintech comes as a global regulatory backlash against Big Tech gathers pace.
Ant Group fintech rival JD Digits restructures amid Beijing’s Big Tech crackdown
Fintech company JD Digits has been restructured as JD Technology, with the addition of JD.com’s artificial intelligence and cloud businesses, amid increased scrutiny of fintech in China after Ant Group’s scuttled IPO.
What does Rolex’s acquisition of Bucherer mean for its retail future? The Swiss timepiece brand has bought one of the world’s largest watch retailers in a ‘shock’ move for other official dealers
Rolex SA is set to buy luxury retailer Bucherer AG in a deal that could boost its presence in consumer sales – so what does it mean for other official dealers?
‘Big Brother’ fears for Aussie supermarkets
A brave new world of hi-tech surveillance is sweeping through Australian supermarkets, with retail behemoths Woolworths and Coles investing millions in more cameras.
Shop, Distributive and Allied Employees Association launches $150m class action against Aldi
Grocery retailer Aldi is facing a class action for the alleged deliberate underpayments of more than 20,000 workers totalling $150 million.
Harvey Norman profit halves as consumers cut spending
One of the country’s largest retail chains, Harvey Norman, says pre-tax profits have almost halved in the September quarter as the cost of living crunch sees households with less money to spend on appliances, TVs, furniture and other gadgets.
Harvey Norman flags sales slump, prompting profit nose dive
Furniture, electronics and white goods retailer Harvey Norman says a slump in sales has hit profit for the first quarter of the financial year.
ASX to dip; Harvey Norman profit fall
Welcome to the Trading Day blog for Friday, October 27. ASX 200 to waver. Weak July-Sept sales dent consumer retailer’s earnings. ResMed’s strong start to FY24. SkyCity warns of ‘considerable uncertainty’. Fletcher waits on ‘cycle to turn’. FTX founder struggling for answers in US trial.