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China Cracks Down On eCommerce Livestreaming Platforms

China Cracks Down On eCommerce Livestreaming Platforms
China Cracks Down On eCommerce Livestreaming Platforms
March 16, 2021  |  Social Commerce

In China, eCommerce livestreaming is a huge revenue generator. As the country increases its regulatory scrutiny of eCommerce companies, such livestreaming has become the latest...

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Stitch Fix Earnings Show Uneasy Optimism For Online Apparel Industry
Stitch Fix Earnings Show Uneasy Optimism For Online Apparel Industry
March 16, 2021  |  Retail

Not every earnings report can be a winner, a reality confronted by Stich Fix last week when increased costs and slowing customer growth depressed its quarterly...

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Stor.ai Raises $21 Million As Investors Flock To Online Grocery
Stor.ai Raises $21 Million As Investors Flock To Online Grocery
March 16, 2021  |  Investments

Tel Aviv-based grocery tech solution Stor.ai (formerly Self Point) has just raised $21 million in its most recent funding round, which it will use to...

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China Deletes Alibaba Browser From App Stores Amid Tech Crackdown
China Deletes Alibaba Browser From App Stores Amid Tech Crackdown
March 16, 2021  |  International

Alibaba’s UC Browser was pulled from app stores in China as President Xi Jinping warned that Beijing’s tech crackdown was only going to intensify, the...

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NatWest Violated Money Laundering Rules, FCA Says
NatWest Violated Money Laundering Rules, FCA Says
March 16, 2021  |  Banking

The United Kingdom’s Financial Conduct Authority (FCA) announced Tuesday (March 16) it had commenced criminal proceedings against National Westminster Bank Plc (NatWest) for violation of...

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London FinTech SumUp Notches $893 Million For Expansion
London FinTech SumUp Notches $893 Million For Expansion
March 16, 2021  |  Investments

London FinTech SumUp has raised a 750 million euro (roughly $893 million) facility from existing backers Goldman Sachs and Bain Capital Credit, and new investors Temasek,...

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Investment Platform eToro Plans To Go Public, Expects $10.4 Billion Valuation
Investment Platform eToro Plans To Go Public, Expects $10.4 Billion Valuation
March 16, 2021  |  IPO

Online multi-asset investment platform eToro is set to go public through a blank-check company. In a press release, eToro said that it expects a valuation...

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February Retail Sales Drop 3 Pct After January’s Stimulus Spending Dried Up
February Retail Sales Drop 3 Pct After January’s Stimulus Spending Dried Up
March 16, 2021  |  Retail

Retail sales, the nation’s broadest measure of consumer activity, fell 3 percent last month, contracting far more than economists were expecting while marking a stark...

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eCommerce’s Trillion-Dollar Year Is (Easily) In Sight 
eCommerce’s Trillion-Dollar Year Is (Easily) In Sight 
March 16, 2021  |  eCommerce

A trillion dollars is a lot of money, by any stretch of the imagination. Now it’s a bit of a benchmark, perhaps a psychological one....

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