News

Social Commerce
Alibaba Debuts NFT Art Metaverse for China’s Singles Day
November 03, 2021

Alibaba has rolled out what it’s calling a “metaverse” ahead of China’s Singles Day, according to RADII, a China youth culture publication founded by a former vice president of Alibaba. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
Today in Retail: Allbirds Makes Public Debut; Nike Links Loyalty Program With Dick’s Sporting Goods
November 03, 2021

In today’s top retail news, Allbirds CEO Joey Zwillinger says he sees a path to profitability for his newly public company, while Dick’s Sporting Goods and Nike are teaming up to offer customers an expanded selection of Nike apparel and footwear. Also, CVS is continuing...

Bitcoin
Bitcoin Daily: Africa’s Crypto Market Third-Fastest Growing in World; Coinbase Allows Users to Borrow up...
November 03, 2021

Africa’s cryptocurrency market is now the third fastest-growing in the world, Bitcoin Magazine reported Tuesday (Nov. 2). 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...

Retail
Allbirds Sees 91% Gain in Wall Street Debut Almost Doubling IPO Price
November 03, 2021

Update (5 p.m.): 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...

Delivery
Ultra-Fast Grocery Delivery Companies Expect a Future of Consolidation
November 03, 2021

Where once consumers were impressed to have groceries delivered to their homes the next day, now online shoppers are expecting quicker and quicker fulfillment. Incumbents and newcomers alike are racing to meet these on-demand expectations. In 2020, FreshDirect launched two-hour delivery in select markets, and...

B2B Payments
Study: 29% of B2B Firms Expanded Use of Online Sales Channels
November 03, 2021

Companies are looking to expand their digital presence, and many are even beginning to consider eCommerce as the dominant channel through which they interact with clients and business partners.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

IPO
Shares of S.Korea’s Kakao Pay Soar Over 150% on First Day of Trading
November 03, 2021

South Korean mobile payments app Kakao Pay soared out of the starting gate, more than doubling in its first day of trading on the Seoul stock market exchange, according to published reports. Get the Full Story Complete the form to unlock this article and enjoy...

Investments
Notable Notches $100M Series B to Speed Adoption of Transformative Healthcare Technology
November 03, 2021

Healthcare automation company Notable has raised $100 million in a Series B funding round, according to a Wednesday (Nov. 3) press release. Led by ICONIQ Growth, the round saw participation from Greylock, F-Prime Capital and Oak HC/FT. Get the Full Story Complete the form to...

Investments
FinTech Business Insurance Startup Nimbla Raises $6.9M
November 03, 2021

FinTech business insurance startup Nimbla raised 5.1 million pounds ($6.96 million) in a funding round led by Silicon Valley venture fund Fin VC, with participation from Barclays Bank, according to a report from UKTN. Get the Full Story Complete the form to unlock this article...