China's JD.com said on Monday founder and chief executive Richard Liu will switch his focus to the e-commerce giant's long-term strategy, creating the new role of president to run the company's day-to-day operations.
Electric vehicle maker Rivian said it has confidentially filed paperwork with regulators for an initial public offering, setting the stage for a blockbuster year-end market debut as it looks to tap into a red-hot IPO market in the U.S.
Affirm Holdings Inc shares surged 43% on Friday after the company partnered with Amazon.com Inc to make its buy now, pay later (BNPL) service available to certain customers of the e-commerce giant.