News

IPO
Paytm Seeks To Raise $268M Ahead Of IPO
July 12, 2021

The Indian digital payments firm Paytm hopes to raise $268 million in a funding round as it gets ready to go public later this year, Reuters reported on Monday (July 12). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Regulation
Big Tech Compliance Tracker: Biden Inks Order To Clamp Down On Large Tech Firms; Google...
July 12, 2021

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny. 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,...

eCommerce
Data Brief: Online-Native Shopping Journeys Up 42 Pct Among Brazilian Consumers
July 12, 2021

Based on surveys of more than 2,000 consumers and 500 merchants in the country, PYMNTS’ Global Digital Shopping Index: Brazil Edition, a Cybersource collaboration, reveals the extent of the digital shift in a smartphone-saturated economy that’s gone decisively digital since 2020. Get the Full Story...

IPO
Parade Of Chinese US IPOs Turns Into A Deluge Of Delays
July 12, 2021

What was once a deluge of public listings for “Big Tech” Chinese companies now is a deluge of delays. This past week has seen a wave of IPOs “pulled” from listing – either official withdrawals or pullbacks from even mulling the idea. Get the Full...

Retail
7-Eleven Franchisee Labor Woes Suggest Wages Are Not Enough To Woo Workers
July 12, 2021

The solution to convenience stores’ labor woes may be more complicated than just raising pay above minimum wage. The National Coalition of Associations of 7-Eleven Franchisees (NCASEF), an umbrella trade association comprised of 41 regions’ franchise owners associations, representing over 7,400 7-Eleven locations overall, released...

Retail
As Gap-Kanye West Pairing Turns One, Slow Pace Of Yeezy Drops Stokes Concerns
July 12, 2021

Never underestimate the power of a blue puffer jacket. That, it seems, is the lesson from the first fashion item dropped into the market care of the Kanye West-Gap collaboration that will see Yeezy bringing its unique eye for design to the once iconic label...

Retail
‘Black Widow’ Brings In $60 Million+ Via Disney+ Streaming
July 12, 2021

Walt Disney brought in over $60 million from around the world from sales of its “Black Widow” movie by the way of Disney+ Premier Access. The flick brought in an $80 million haul at the domestic box office amid its introduction, CNBC reported. The film...

Retail
Walmart’s Indian e-Commerce Site Flipkart Raises $3.6B As Pre-IPO Valuation Nears $40B
July 12, 2021

The value of Walmart’s Indian eCommerce venture Flipkart continues to rise, as its latest $3.6 billion round of fundraising has created the largest domestic tech venture that is now worth roughly $37 billion, the companies announced on Monday (July 12). Get the Full Story Complete...

Retail
Nordstrom Invests In Topman, Topshop Fashion Labels
July 12, 2021

Nordstrom has obtained a minority stake in the Topshop, Topman, HIIT and Miss Selfridge labels. Its investment will fuel the expansion of the brands around the world, according to a Monday (July 12) announcement from Nordstrom and British fashion retailer ASOS. Get the Full Story Complete...