Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest results from China’s massive eCommerce spectacular, and eBay’s new bid to get inside consumers’ homes. SoftBank sets its mobile unit IPO, U.K. retailers could get ATM-related refunds and there are new figures about consumer and business spending.
The annual event brought in gross merchandise value of $30.8 billion as shoppers clamored to get steep discounts on all sorts of products.
Online shoppers will be able to book installations and assembly services when purchasing items such as TVs, bikes, furniture and other products through its marketplace.
The IPO is seen as a big shift for SoftBank and its founder, who built the company’s mobile unit via a 2006 acquisition of Vodafone’s Japan unit.
In 2013, the government came to the understanding that “holes in the wall” ATMs that are externally facing should, for business rate purposes, be seen as separate premises.
What’s more, the WSJ noted that weakness in monthly order figures for capital goods recently implies that the slowdown in business spending will continue in the quarter.