News

Investments
Gojek Gains $300 Million In Funding As It Moves Toward Big Merger
May 10, 2021

In the middle of negotiating a merger deal with Tokopedia, Gojek has reeled in $300 million in investment funds from state-owned mobile operator Telkomsel, Nikkei Asia reported. Gojek is already Indonesia’s largest private tech company. Get the Full Story Complete the form to unlock this...

IPO
Autonomous Truck Startup Plus Going Public Via $3.3 Billion Hennessy SPAC Deal
May 10, 2021

Global self-driving truck startup Plus is going public via a $3.3 billion merger with the special purpose access company (SPAC) Hennessy Capital Investment Corp. V (HCIC V). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
Amazon’s Anti-Counterfeit Efforts Block 6 Million Bad Accounts, 10 Billion Bogus Listings
May 10, 2021

Amazon, the world’s largest online retailer, said a $700 million investment and the work of 10,000 employees put a major dent in the company’s effort to eliminate the sale of counterfeit products from its site. Get the Full Story Complete the form to unlock this...

Retail
Eddie Bauer Joins Growing Retail Stable Of Simon Property-Authentic Brands’ SPARC Group
May 10, 2021

Eddie Bauer, the 100-year-old outdoor sportswear retailer, will become the sixth retail brand added to the stable of SPARC Group, a four-year-old joint venture between mall owner Simon Property Group and brand licensing and development firm Authentic Brands Group (ABG). Get the Full Story Complete...

Retail
Dogonomics: From Mass Retailers To D2C Startups, Pet Care Is Booming
May 10, 2021

Whether it’s Walmart or Wagable, Chewy or Cat Person, the mix of retailers and service providers looking to take a bite out of the $100 billion petcare industry has never been bigger. With an estimated 11 million more pet owners today than before the pandemic,...

Retail
Mattel Rolls Out PlayBack Toy Recycling Effort
May 10, 2021

Mattel Inc., the toy company, rolled out a toy takeback effort called Mattel PlayBack that will let families “extend the life of their Mattel toys once they are finished playing with them,” according to a Monday (May 10) announcement. Get the Full Story Complete the...

Retail
Party City Says Special Occasions And Events Are Up
May 10, 2021

Party City Holdco Inc., the party goods company, posted an approximately 36 percent jump in brand comparable sales in the first quarter from the 13 weeks that ended April 4, 2020. In a Monday (May 10) earnings press release, the company also said that brand...

B2B Payments
Avoiding The Data Bottlenecks Of Source-To-Pay
May 10, 2021

Data aggregation and entry is, for many organizations, a necessary evil throughout the enterprise. In accounts payable (AP), the ability to capture invoice data and ingest it seamlessly is an essential first step to supplier payments, and yet it is all-too-often the biggest source of...

B2B Payments
Accounts Payable Takes A Page Out Of Expense Management’s Book
May 10, 2021

Advancements in expense management technology have begun to focus on empowering businesses with the ability to combat wasted or excessive spend before it happens. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...