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Alibaba Weighs Fundraise for Its Freshippo Supermarkets at $10B Valuation

Alibaba Weighs Fundraise for Its Freshippo Supermarkets at $10B Valuation
Alibaba Weighs Fundraise for Its Freshippo Supermarkets at $10B Valuation
January 14, 2022  |  Investments

Alibaba is weighing a fundraise for its Freshippo grocery chain in China that has an estimated valuation of $10 billion, Bloomberg reported on Friday (Jan....

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Citi Sells Southeast Asia Consumer Banks to UOB in $3.7B Deal
Citi Sells Southeast Asia Consumer Banks to UOB in $3.7B Deal
January 14, 2022  |  Banking

Citi has closed a $3.7 billion deal to sell its consumer banks in Indonesia, Malaysia, Thailand and Vietnam to Singapore’s United Overseas Bank (UOB), including...

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Ingo Money: 2021 Was the Year of Issuing
Ingo Money: 2021 Was the Year of Issuing
January 14, 2022  |  Opinion

The changing world of payments in 2021 led to a surge in new accounts, as companies ranging from FinTechs to insurance providers looked for ways...

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Google Pay, Indifi Partner to Offer MSME Loans
Google Pay, Indifi Partner to Offer MSME Loans
January 14, 2022  |  SMBs

The Indian online lender Indifi Technologies is working with Google to offer instant loans to small merchants through the Google Pay platform. Get the Full...

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Staffing Shortages Cause CVS, Walgreens to Close Some Pharmacies on Weekends
Staffing Shortages Cause CVS, Walgreens to Close Some Pharmacies on Weekends
January 14, 2022  |  Retail

The surge in positive cases of COVID-19 is leading to staffing shortages and weekend closures of some CVS and Walgreens pharmacies, The Wall Street Journal...

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The Big Chill: Late Q4 Omicron Surge Sees December Retail Sales Slumping 1.9%
The Big Chill: Late Q4 Omicron Surge Sees December Retail Sales Slumping 1.9%
January 14, 2022  |  Retail

Call it the big chill as a spike in COVID omicron cases for the second half of December doused an otherwise solid Q4 for the...

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Dogecoin Up 11% as Tesla Accepts the Crypto for Store Merch
Dogecoin Up 11% as Tesla Accepts the Crypto for Store Merch
January 14, 2022  |  Cryptocurrency

Dogecoin prices topped 15% on news that Tesla was accepting the cryptocurrency as payment for merchandise on its digital marketplace, with prices at 8 a.m....

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i2c: 2021 Was the Year of Adaptability
i2c: 2021 Was the Year of Adaptability
January 14, 2022  |  Opinion

New payment technologies and options helped businesses adapt under the strain of the COVID pandemic, says i2c President Jim McCarthy. Look for the future to...

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UK’s Payment Regulator Prioritizes Direct Payments in Strategic Plan
UK’s Payment Regulator Prioritizes Direct Payments in Strategic Plan
January 14, 2022  |  Regulation

The United Kingdom’s independent payment regulator has issued a plan designed to make payment services more available and competitive. In a five-year strategic plan announced Thursday (Jan....

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