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Ecommerce

Tesla On Top, Big Tech Blockades And More In This Weeks Top News [Video]

Elon Musk and his company Tesla witnessed new heights in their respective valuation. While the automaker soared past $700 billion market value, the company’s chief saw his net worth eclipsing that of Jeff Bezos’ and making him the richest person on the planet. Musk’s net worth hit $195 billion on Thursday; a $150 billion increase over the past 12 months, thanks to Tesla’s share price, which surged 743 % in 2020. 

China Says No To “AWS”

In what is possibly a weird demand for Amazon, the Chinese authorities have banned the e-commerce giant from using its AWS logo in the country. According to reports, The Beijing Municipal High People’s Court ruled that the trademark for the term “AWS” belonged to ActionSoft, a Chinese software and data services company. The court ordered Amazon to stop using the term AWS or any similar logos in China and pay compensation equivalent to $11.8 million, to ActionSoft. “Amazon was …

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Ecommerce

Online shopping pushed retail sales up in November, but December numbers expected to show drop [Video]

Statistics Canada recorded 1.3-per-cent growth to $55.2-billion in November, while early estimate sees 2.6-per-cent drop for December