Alibaba & Hema sharing technology to transform Beijing as ‘city of new retail’

  China’s massive e-commerce platform, Alibaba is taking huge strides towards its bold vision of new retail as the conglomerate announced recently to, leveraging its technological advances and retail know how, transform China’s capital city Beijing into a “city of new retail”. Hangzhou-based Alibaba made the announcement at this year’s Beijing Fair held on May…

Careem included Model S Tesla in its fleet operation in Dubai

Careem customers now have the option to book rides on electric vehicles in Dubai, the company has announced. In a statement, Careem noted that its electric car fleet is made up turquoise-coloured Model S Tesla cars. Prices are in line with Careem business rates, with starting minimum fares of AED 60. The new car types…

Musk laughed “Ha!” Before responding , Is Apple buying Tesla?

During the first three months of 2017, Apple managed to add a cool $10 billion to its bank account. When the company released its earnings report earlier this week, it revealed that its cash on hand now totals more than a quarter of a trillion dollars, or $256.8 billion to be exact. While the vast…

High fulfilment cost forcing Tesco Direct in UK to end its operation

Online shop Tesco Direct — the non-food outlet of British supermarket Tesco — will close this summer. The store, which sells electronics, clothing, sports goods and video games has “no route to profitability” according to bosses. The site and its distribution center will close on July 9th, with 500 workers facing redundancy. According to a…