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Representatives of the Chinese online retailer JD.com, the second largest in China after the Alibaba Group, confirmed to Sina Tech the intention of its leadership to reduce the number of top managers this year. It is expected that the composition of senior management in an amount of about 100 people will be reduced by 10%. China's high-tech sector is gradually slowing growth, forcing companies to downsize. As previously reported, taxi service Didi Chuxing announced the dismissal of 15% of employees. Two US companies Walmart and Google, as well as the Chinese investment company Tencent are investors of JD.com.
Gold prices rose earlier on Monday in Asia, remaining above the $1,800 as the COVID-19 pandemic continues to worsen around the world. Gold futures slipped by 0.29%, trading at $1,807.15 per ounce by 12:47 AM ET (05:47 AM GMT). Investors flocked ...
The United States luxury department store chain Neiman Marcus Group (NMG.A) applied for bankruptcy protection in a federal court in Houston on Thursday. In Chapter 11 of the filed document, the retailer company signed an agreement with major ...
The highest U.S. retail banks will make some adjustments on Thursday to supply aid to its customers with negative balances on their checking accounts. These banks want to make sure that stimulus payments from the government will be received ...
Thai Airways International Pcl (THAI.BK) may for all time diminish the quantity of airplane types it sends once the coronavirus pandemic, said a senior government official on Monday. Thai Airways is landing 69 of its 82 planes following a ...
Singapore Airlines Ltd (SIAL.SI) will decrease capacity by 96% and land almost all of its fleet, the carrier said on Monday, in reaction to the coronavirus travel restrictions it called the “greatest challenge” it had ever faced. The ...
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