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Alibaba to lead $200mn investment for Paytm’s e-commerce unit

  Bloomberg China’s Alibaba Group Holding Ltd. will lead a $200 million round of investment in newly established Indian online retailer Paytm E-commerce Pvt, a person familiar with the matter said. The investment by Alibaba and private equity firm SAIF Partners values the company at $1.1 billion, said the person, who didn’t want to be identified talking about a private ...

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Amazon projects spending that concerns those watching profit

  Bloomberg Amazon.com Inc. will spend big in the coming months on warehouses, movies, gadgets and growth into India, renewing investor concerns that Chief Executive Officer Jeff Bezos cares more about generating revenue far in the future than turning a profit now. The company will double-down on its delivery system that gets products quickly into the hands of its customers. ...

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UK’s ‘loquacious’ cabbies

  London / DPA Sitting in a room full of maps, Paul Defendi and Tommy Bartram ask each other over and over again the quickest way from A to B. Trance-like, they recite the names of streets and check the length of routes with a piece of string. The pair are students at London’s Knowledge Point, where they’re studying to ...

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