Tencent Holdings, which owns China’s top social media app WeChat, has scrapped an investment of up to 30 million yuan ($4.7 million) in a content start-up that has been criticized for its handling of copyright issues.
UK retail had a better time in April yet not everybody was happy as department stores proved to be the main sector that was struggling. At least fashion had a better time of it than in the first few months of the year.
The world’s largest retailer of diamond jewelry has signed onto De Beers’ pilot program for diamond blockchain Tracr, the first retailer to join a growing number of big diamond industry names trialling the platform.
Online retail sales in France rose 13% to 22.3 billion euros ($26.10 billion) in the first quarter, said the French E-Commerce Federation, highlighting growth in a sector that has seen Amazon and others make in-roads.
German consumer sentiment deteriorated further heading into June to reach the lowest level so far in 2018, suggesting that household spending in Europe’s biggest economy could slow in the coming months.
User generated content (UGC) analytics firm Vyrill has released the first study on beauty influencer activity for paid and organic consumer-created content. The survey quantifies content areas by major beauty categories.