direct knowledge – Charm

Billionaire Ambani’s Reliance brings Shein back to India after 2020 app ban

Cs news6 months ago04 mins

By Dhwani Pandya MUMBAI (Reuters) – Reliance Retail has launched an app in India to sell fashionwear from China’s Shein under a licensing deal, almost five years since Shein’s app was banned in the country after getting caught up in a diplomatic tussle. Reliance, owned by billionaire Mukesh Ambani, launched the app on Saturday morning,…

Alibaba aims to raise $5 billion in dual currency bond deal, sources say

Cs news8 months ago02 mins

By Scott Murdoch SYDNEY (Reuters) – Chinese ecommerce giant Alibaba Group is aiming to raise $5 billion in multi-tranche dollar and offshore Chinese yuan bonds, according to two sources with direct knowledge of the matter. The company in a regulatory filing on Monday said it was considering carrying out the transaction. The dollar tranche would…