PayPal adjusted margin forecast cut eclipses higher profit expectations

PayPal expects adjusted operating margin expansion of 100 basis points this year, compared with its earlier forecast of a 125-basis-point growth.

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LinkedIn lays off 700 employees, exits China app as demand wavers

LinkedIn, the social media network owned by Microsoft Corp that focuses on business professionals, said on Monday it would cut 716 jobs as demand wavers, while also shutting down its China-focused job application.

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Amazon offers shoppers $10 to pick up purchases as it targets delivery costs

Amazon over the last few days has emailed an unknown number of Prime subscribers offering them $10 to retrieve an order of $25 or more at company pickup points at locations such as Whole Foods, Amazon Fresh or Kohl's stores.

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ETtech Exclusive | In ‘reverse flip’, Razorpay parent entity plans to return to India from the US

The Y Combinator-backed Razorpay, valued at $7.5 billion, had to necessarily domicile itself in the US, when it raised funds from the Silicon Valley famed incubator. Razorpay offers payment services to merchants.

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ChrysCapital diversifies into public market investing; hits first close of maiden AIF

The new platform, called Clarus, has hit a first close of around Rs500 crore for its maiden fund in a month from its launch, said senior executives of the PE firm. It is a category-3, open-ended fund.

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Alibaba logistics arm eyes up to $2 billion Hong Kong IPO: Reports

Cainiao Network Technology's initial public offering (IPO) plan comes after Alibaba flagged in late March it would split its business into six units and that most of them would explore capital raisings or market debuts to help fund future growth.

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Sea CEO declares 5% raises after Singapore firm turns a profit

Sea Ltd. said it is giving most employees a 5% pay increase after turning profitable, a milestone for the Singapore e-commerce and gaming company that slashed costs drastically during the technology industry’s downturn.

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