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QVC’s parent Liberty Interactive said Monday that it has entered into a definitive agreement to acquire Zulily for $2.4 billion in cash and stock. Liberty Interactive will pay an equivalent of $18.75 per Zulily share.

Media mogul John Malone’s Liberty Interactive Corp said it would acquire Zulily Inc in a cash-and-stock deal valued at $2.4 billion to tap into the online retailer’s younger clientele and its strong mobile presence.

To that end, the company on Wednesday also said it agreed to sell property in Brooklyn to real-estate developer Tishman Speyer for $175 million. Under the joint venture, Macy’s plans to begin selling in China in late 2015 through an e-commerce presence on Alibaba Group...

Second-quarter revenue rose 28 percent to $3.26 billion, which not only fell below the $3.39 billion analysts polled by Thomson Reuters had forecast, but also represented its slowest quarterly revenue growth in three years. Investor confidence has been shaken, with the...

The Nasdaq Composite Index closed up 7.60 points, or 0.2%, at 5,044.39, after being down as many as 91 points.

The global sell-off in equities continued Wednesday and US shares started decidedly lower, as traders took flight after China’s second currency devaluation in two days.

Alibaba shares skidded to a record low in New York on Wednesday after China’s biggest e-commerce company posted its slowest revenue growth in over three years. Estimize.com further issues a sales estimate of $3.42 billion, suggesting the company would beat the Street by $44...

Revenue rose 28 percent to 20.25 million Chinese yuan ($3.27 billion), from 15.77 billion Chinese yuan a year ago.

Separately, Macy’s unveiled the formation of a joint venture with Hong Kong-based Fung Retailing Limited to test e-commerce in China. Macy’s will get an additional $100 million over three years and continue to own and operate four floors of the nine-storey store....

Under the broad brushstrokes of the Internet Plus strategy – unveiled by Premier Li Keqiang during the National People’s Congress in March – the Beijing government has vocally backed China’s e-commerce industry as well as the adoption of robotics and...

Investors included Chinese e-commerce giant Alibaba, along with Foxconn, the Taiwanese iPhone manufacturer and existing Snapdeal investor SoftBank.

Chinese e-commerce giant Alibaba is planning a $1bn push into the cloud, taking on Amazon by expanding its cloud computing unit Aliyun into worldwide markets.

Alibaba is simultaneously negotiating to invest over $600 million in India’s largest smartphone maker Micromax.

Ant Financial owns a 30% stake in the newly launched bank.