Editor’s Picks

Alibaba And JD.com Net $136B In China’s Biggest Annual Shopping Event

Alibaba And JD.com Net $136B In China’s Biggest Annual Shopping Event
Alibaba And JD.com Net $136B In China’s Biggest Annual Shopping Event
June 19, 2020  |  eCommerce

China’s biggest online shopping event since COVID-19 put fear into the Asian economy netted $136.5 billion for two of the nation’s eCommerce giants. Get the...

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ID Verification Platform Payfone Raises $100M
ID Verification Platform Payfone Raises $100M
June 19, 2020  |  Investments

ID verification firm Payfone has completed a $100 million funding round which the company says it will use for strengthening machine learning and building a...

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US Consumers Defer Payments On More Than 100 Million Loans
US Consumers Defer Payments On More Than 100 Million Loans
June 18, 2020  |  Loans

There are now more than 100 million skipped payments on student loans, auto loans and other kinds of debt, according to a report by The...

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Borrowers Come Up Short On Home Equity Lines In Pandemic
Borrowers Come Up Short On Home Equity Lines In Pandemic
June 18, 2020  |  Loans

For many Americans, home equity lines of credit aren’t a sure thing right now, with a 19 percent drop nationwide, The Wall Street Journal (WSJ)...

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Albertsons Looks To Raise $1.51B In IPO On A $11.61B Valuation
Albertsons Looks To Raise $1.51B In IPO On A $11.61B Valuation
June 18, 2020  |  IPO

Albertsons Cos., the nation’s second-largest supermarket chain, is preparing for an initial public offering (IPO), according to a U.S. Securities and Exchange Commission (SEC) filing....

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Saudi Oil Money To Help Power India’s Digital Revolution
Saudi Oil Money To Help Power India’s Digital Revolution
June 18, 2020  |  Investments

Jio Platforms has reeled in another big investor, with Saudi Arabia’s sovereign wealth fund agreeing to pump $1.5 billion into India’s largest mobile commerce company....

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DoorDash Raising $400M On $16B Valuation
DoorDash Raising $400M On $16B Valuation
June 18, 2020  |  Investments

DoorDash said it is raising roughly $400 million in Series H financing led by new investors Fidelity Management & Research Co. as well as Durable...

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1-800-Flowers Doubles Financial Guidance
1-800-Flowers Doubles Financial Guidance
June 18, 2020  |  Retail

With Mother’s Day solidly in its pocket, 1-800-Flowers adjusted its sales projections upward Thursday (June 18) as the gift and flower eCommerce company saw record...

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Single Malts Find New Outlets For Father’s Day
Single Malts Find New Outlets For Father’s Day
June 18, 2020  |  Retail

The digital shift is coming to Father’s Day, neat, as upscale spirits brands pick up on direct-to-consumer (DTC) momentum. Example: For the first time in...

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