Mercedes set to lead India’s luxury EV market as Tesla stays out

NEW DELHI, Aug 24 (Reuters) – German carmaker Mercedes-Benz plans to take pole position in India’s luxury electric vehicle market, its country head told Reuters, helping cement its title as the top-selling luxury car brand and keep ahead of rival Tesla . In India, Mercedes-Benz (MBGn.DE) will launch three new electric cars this year, be … Read more

Tencent stops sales on its NFT platform Huanhe a year after launch as scrutiny mounts

People visit a Tencent booth at the 2021 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 3, 2021. REUTERS/Florence Lo Register now for FREE unlimited access to Register HONG KONG, Aug 16 (Reuters) – Chinese internet giant Tencent Holdings’ (0700.HK) non-fungible token (NFT) platform Huanhe will no longer release digital … Read more

Samsung unveils new foldable smartphones, seeking to keep lead in growing market

The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, April 4, 2016. REUTERS/Kim Hong-Ji/File Photo Register now for FREE unlimited access to Register SEOUL, Aug 10 (Reuters) – Samsung Electronics (005930.KS) unveiled its latest high-end foldable smartphones on Wednesday, keeping prices at the same level as last year’s in … Read more

India’s Pine Labs eyes $4-5 billion in monthly payments volume from new business

MUMBAI, Aug 5 (Reuters) – India’s Pine Labs is targeting $4 billion to $5 billion in monthly transactions within two years for its new online payments business, its chief executive told Reuters. At that point, online payments should contribute 20% of revenue, Pine Labs chief executive Amrish Rau said, disclosing the company’s targets for the … Read more

Shopify partners with YouTube to shore up sales from content creators

July 19 (Reuters) – Shopify Inc on Tuesday announced a partnership with Alphabet Inc’s (GOOGL.O) YouTube to allow merchants to sell through the video platform, as the Canadian company looks to tap into the growing number of content creators launching their own e -commerce stores. The partnership, which builds on an existing one with Google, … Read more

TikTok maker ByteDance takes aim at lifestyle leader Xiaohongshu with a new app

The logo of TikTok’s parent company ByteDance is seen at its booth during an organized media tour to the Zhongguancun National Innovation Demonstration Zone Exhibition Center in Beijing, China, Feb. 10, 2022. REUTERS/Florence Lo Register now for FREE unlimited access to Register BEIJING, July 14 (Reuters) – TikTok’s Chinese owner ByteDance is looking for … Read more