News

Regulation
ByteDance Scales Back Investments Ahead of Crackdown
January 19, 2022

TikTok owner ByteDance is scaling back its investment operations in expectation that China will restrict the type of deal-making that has fueled the growth of the country’s tech giants. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

IPO
Investment Platform Acorns Calls Off IPO with Pioneer SPAC
January 19, 2022

Investing and checking account platform Acorns Grow Inc. is calling off its $2.2 billion initial public offering (IPO) with special purpose acquisition company (SPAC) Pioneer Merger Corp. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Regulation
Apple Warns Senate Legislation Would Reduce its User Privacy Measures
January 19, 2022

Apple has told lawmakers that proposed legislation to govern the nation’s leading tech companies would diminish a privacy protection feature it introduced last year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
Retailers Test Discounting, No-Return Policies to Keep Goods With Consumers
January 19, 2022

Like clockwork or the rising sun, each new year in the retail industry also reliably brings with it a flurry of January White Sales, spawned from the hopeful, festive loins of Black Friday. Get the Full Story Complete the form to unlock this article and...

Cross-border Payments
Deep Dive: How Digital Payment Options Impact Cross-Border Customer Satisfaction
January 19, 2022

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...

Regulation
FTC, DOJ Launch Consultation To Tighten Grip on Big Tech M&A 
January 19, 2022

On Tuesday, the Federal Trade Commission (FTC) and the Justice Department’s Antitrust Division launched a joint public inquiry to review merger rules to strengthen enforcement and clamp down on big mergers, especially in digital markets.  Get the Full Story Complete the form to unlock this...

Banking
SoFi Granted Bank Charter
January 19, 2022

Digital finance firm SoFi Technologies was granted approval to become a national bank pending its acquisition of Golden Pacific Bancorp (GPB), according to a press release on Wednesday (Jan. 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Cross Border Commerce
Trade Finance Platforms Provide Lifelines to Asian B2B Marketplaces Hit Hard by Pandemic
January 19, 2022

The great digital shift is bringing B2B more fully into the 21st century — and digital marketplaces are a key component of it. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Security & Fraud
US Probes Alibaba’s Cloud Unit Security on US Consumer Data Concerns
January 18, 2022

The Biden administration is looking at Alibaba’s cloud business and determining whether that facet of the eCommerce titan is a risk to U.S. national security, Reuters reported Tuesday (Jan. 18). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...