Amazon to close its online store in China

Amazon to close its online store in China

SAN FRANCISCO/BEIJING/HONG KONG – Amazon said it will shut its China online store by July 18, as the US e-commerce giant focuses on the lucrative businesses of selling overseas goods and cloud services in the world’s most populous nation. The move underscores…

Pinterest shares surge 28% in public debut

Pinterest shares surge 28% in public debut

Shares of online scrapbook company Pinterest surged as much as 30 percent in its public debut Thursday, suggesting that investors aren’t yet planning to write off tech listings after Lyft’s rocky first few weeks. Questions have been swirling around demand for tech…