Alibaba announces management change

Chinese online retailer Alibaba Group Holding Ltd announced on Monday, December 6, an upcoming management change. On April 1, Toby Sb will become the company’s new Chief Financial Officer, replacing Maggie Wu. Ms. Wu will remain one of the executive board members, according to the company’s announcement. The company has announced the creation of two … Read more

FT: Deutsche Bahn employees tried unsuccessfully to draw attention to abuses of company management

According to an investigation by the Financial Times, two employees of the German railway operator Deutsche Bahn have repeatedly tried to draw attention to the abuse by some high-ranking managers, but to no avail. Back in 2016, employees reported to Deutsche Bahn’s internal control department about suspicions of embezzlement of corporate funds. But when an … Read more

Samsung scattered in the fall // The company returned to the first place in sales of smartphones in the Russian Federation

South Korean Samsung in October regained leadership in sales of smartphones in Russia with a market share of 34.5%, retailers calculated. In the third quarter, the company lost first place in unit sales to the Chinese Xiaomi, which occupied 28.1% of the market in October. In general, due to a deficit, sales of smartphones in … Read more

Food was delivered by express // X5 Group ceded leadership in online grocery sales

The X5 Group, announcing plans for the IPO of operators of its services in e-commerce, promised to increase the turnover of its online business in preparation for listing on the stock exchange. But according to the results of the third quarter of this year, the company dropped from first place immediately to third, yielding to … Read more