African e-commerce company Jumia completes sale of secondary shares at $99.6M
Almost two weeks ago, TechCrunch reported that African e-commerce giant Jumia was planning to sell 20 million American depositary shares…
Alibaba earnings miss expectations despite cloud acceleration
Signage at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Friday, Aug. 2, 2024.Qilai Shen | Bloomberg |…
Jumia plans to raise more than $100 million in secondary shares to drive stalled user growth
African e-commerce company Jumia is selling 20 million American depositary shares over the next couple of weeks, TechCrunch has learned.…
South Korea to support vendors hit by Qoo10 payment delays, founder pledges compensation
SEOUL: South Korea will provide US$400 million in financial support to small businesses hit by payment delays at two Qoo10…
Commentary: Chinese e-commerce platforms are poised to rival Amazon’s empire
Next came Temu. It is a subsidiary of PDD Holdings, a multinational commerce group with extensive experience managing supply chains.…
Target’s online marketplace pales in comparison to Walmart and Amazon, and now it’s betting on a shiny new deal with Shopify to woo customers
Target Corp. is partnering with e-commerce specialist Shopify Inc. to expand its marketplace for third-party merchants, as the big-box retailer…
Shopee-owner Sea signals growth over profits after weak Q2 performance
Sea posted mixed results in the three months that ended on Jun 30, as tepid consumer spending amid a challenging…
Disney, Capri, Alibaba, Applovin, Plug Power, Wynn, and More Stock Market Movers
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Upstart, Penn, Lyft, Doximity, Rivian, Akamai, Twilio, Disney, and More Stock Market Movers
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