Even amid the economic headwinds that are blowing on a global scale, some investors are finding opportunity in what are seen as longstanding or even permanent trends like the shift to digital commerce through mobile means. For example, Jio Platforms — India’s largest mobile commerce...
Beijing’s Missfresh Ecommerce Co., a Chinese grocery delivery startup, is expected to receive more than $500 million in expansion financing as COVID-19 has fueled demand for fresh food at home, sources told Bloomberg News. Get the Full Story Complete the form to unlock this article...
In today’s top news, China has opted not to set any economy growth forecast amid the uncertainty caused by the pandemic, and Dubai is creating a free trade zone for eCommerce. Plus, the Office of the Comptroller’s Joseph Otting is stepping down. Get the Full...
Instacart, the online grocery marketplace, has added a safety app to ensure its shoppers are protected amid the COVID-19 pandemic, the San Francisco-based company announced on Friday (May 22). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
A large share of the banking sectors of nine advanced economies, by assets, may not be able to bring in profits higher than their cost of equity in 2025, according to a simulation exercise cited in the “Global Financial Stability Report” by the International Monetary Fund (IMF). Banks...
Unemployed workers in at least four states who are coping with layoffs from the impact of the coronavirus now have another worry, NBC News reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Zomato, an India-based food delivery startup, is reportedly being investigated by regulators for its purchase of Uber Eats India, which could be seen as violating the nation’s anti-competitive rules, sources told MoneyControl.com. Get the Full Story Complete the form to unlock this article and enjoy...
The reopening of retail is bound to portend changes for businesses as well as consumers. The National Retail Federation (NRF) and other groups have released guidelines for store operation and design today (May 22) as members begin to come back from the economic devastation of...
Former Stitch Fix COO Julie Bornstein is behind a new startup announced earlier this week called The Yes. Launched with ex-Google technical guru Amit Aggarwal, the women’s fashion site is billed with no less an ambition than “a next gen shopping experience poised to redefine the architecture...
