India’s largest company, Reliance Industries, has reportedly offered Amazon a 40% stake in its retail arm for $20 billion

Summary List Placement India’s largest company, Reliance Industries, has offered to sell 40% of its retail arm to Amazon for around $20 billion, Bloomberg News reported. This deal would be one of Amazon’s largest-ever investments. Reliance Retail owns e-commerce platform JioMart, a major, fast-growing rival to Amazon in India.  In June, Amazon was reportedly considering…

Read more

The CEO of the largest iPhone manufacturer reportedly predicted that China will no longer be the ‘world’s factory’ due to Trump’s trade war (FB, TWTR, GOOG, GOOGL)

Foxconn chairman Young Liu said Trump’s trade war against China means its “days as the world’s factory are done,” Bloomberg reported Wednesday. Foxconn, the largest iPhone maker globally, said it plans to diversify production lines to avoid tariffs the Trump administration has imposed on Chinese-made goods, according to Bloomberg. Liu told Bloomberg that the company is…

Read more