Singapore FinTech MatchMove To Acquire Stake In eCommerce Firm Shopmatic

Singapore FinTech MatchMove To Acquire Stake In eCommerce Firm Shopmatic
Singapore FinTech MatchMove To Acquire Stake In eCommerce Firm Shopmatic
March 31, 2020  |  Partnerships / Acquisitions

FinTech firm MatchMove has struck a deal to acquire a “strategic stake” in eCommerce solutions company Shopmatic, according to reports. Financial details of the acquisition...

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China’s Pinduoduo Raises $1.1B In Private Placement
China’s Pinduoduo Raises $1.1B In Private Placement
March 31, 2020  |  Investments

Despite the world’s markets being crippled by the coronavirus, Pinduoduo Inc., the Chinese eCommerce company, said on Tuesday (March 31) that it has raised $1.1...

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Retail Sales Crater In Hong Kong With Social Distancing, Travel Limitations
Retail Sales Crater In Hong Kong With Social Distancing, Travel Limitations
March 31, 2020  |  Retail

As retail sales fell with increasing social-distancing policies and travel limitations , companies and retail stores in Hong Kong snapped under the COVID-19 outbreak last...

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Signs Of Life In The Online Car Space
Signs Of Life In The Online Car Space
March 31, 2020  |  Retail

While the online car sales business has struggled like most non-essential retailers amid the coronavirus pandemic, there are signs of life, according to new research...

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The Antiques Market Bids Heavy On eCommerce
The Antiques Market Bids Heavy On eCommerce
March 31, 2020  |  Retail

If there’s any industry that has been slow to transition online, it’s antiques. It’s the nature of the business that before someone spends a fair...

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Small Businesses Shift Their Outlook With The Coronavirus
Small Businesses Shift Their Outlook With The Coronavirus
March 31, 2020  |  Today In Data

For most small businesses, the decade began with optimism, but it would take only three weeks for that thinking to change as consumers began to...

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New Stimulus Package Doesn’t Look Promising For Retail
New Stimulus Package Doesn’t Look Promising For Retail
March 31, 2020  |  Retail

Non-essential retail needs help from the federal government and it doesn’t look like its coming. That’s the prevailing sentiment as all signs point to the...

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Retail Chains Furlough Workers Amid COVID-19 Shutdowns
Retail Chains Furlough Workers Amid COVID-19 Shutdowns
March 31, 2020  |  Retail

Amid lengthened measures to keep COVID-19 from spreading, some of the country’s biggest retail chains have been forced to put workers on a leave of...

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Coronavirus Closures Affect 630K Retail Businesses
Coronavirus Closures Affect 630K Retail Businesses
March 31, 2020  |  Retail

The retail closures related to the coronavirus have been a death knell for an already struggling retail industry, and many companies might not make it...

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