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Today in Food Commerce: Alibaba Mulls Freshippo Fundraise; Restaurants Reformat for Off-Premise

Today in Food Commerce: Alibaba Mulls Freshippo Fundraise; Restaurants Reformat for Off-Premise
Today in Food Commerce: Alibaba Mulls Freshippo Fundraise; Restaurants Reformat for Off-Premise
January 14, 2022  |  ResTech

Today in food commerce, Alibaba mulls a fundraise for its Freshippo grocery chain in China, valued at $10 billion, while retail giants race to overcome...

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Apple Might Delay VR/AR Headset Until 2023
Apple Might Delay VR/AR Headset Until 2023
January 14, 2022  |  Apple

Apple could delay its mixed reality headset by “at least a few months,” the first time the tech giant would be forced to delay a...

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Big Pandemic Profits Could Be Over For Big Banks
Big Pandemic Profits Could Be Over For Big Banks
January 14, 2022  |  Banking

The honeymoon may be over when it comes to big banks and the pandemic economy. Get the Full Story Complete the form to unlock this...

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73% of Procurement Professionals Say Late Payments Strain Business Relationships
73% of Procurement Professionals Say Late Payments Strain Business Relationships
January 14, 2022  |  B2B Payments

Firms that have yet to digitize their accounts payable (AP) and accounts receivable (AR) processes are likely to be at more of a competitive disadvantage...

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US Factory Production Drops as Auto Industry Struggles
US Factory Production Drops as Auto Industry Struggles
January 14, 2022  |  Economy

Production at American factories saw a surprise drop at the end of 2021, helped along by a decline in motor vehicle manufacturing, which was itself...

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Payments Company Payroc Acquires East Commerce
Payments Company Payroc Acquires East Commerce
January 14, 2022  |  Acquisitions

Global payments company Payroc has acquired East Commerce Solutions, a merchant service handling $2 billion dollars in annual processing volume, according to a Friday (Jan....

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Zaggle Looks to Raise Up to $250M Through IPO
Zaggle Looks to Raise Up to $250M Through IPO
January 14, 2022  |  IPO

Software as a service (SaaS) FinTech Zaggle has begun preparations to go public at some point in 2022, multiple sources with knowledge of the situation...

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After Closing Citibanamex, Citi Will Invest in Firms That Match Its ‘Core Strengths’
After Closing Citibanamex, Citi Will Invest in Firms That Match Its ‘Core Strengths’
January 14, 2022  |  Earnings

Citigroup is making changes to its business structure, the bank said on its earnings call Friday (Jan. 14), part of a larger strategy to get...

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Afreximbank’s Payment System Goes Live With 12 African Banks
Afreximbank’s Payment System Goes Live With 12 African Banks
January 14, 2022  |  Cross-border Payments

A new system went live with 12 banks in Africa to enable payment transactions and alleviate trade issues across the continent, which deals in more...

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