SINGAPORE – Indonesian e-commerce firm Bukalapak started offering its services here on Monday (May 20) as it sets out on an ambitious regional expansion strategy. Bukalapak, a tech start-up whose valuation of more than US$1 billion makes it a rare unicorn company in Indonesia, is the country’s first e-commerce site to be available internationally. Its BukaGlobal app, which uses Bahasa […]
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E-commerce giant eBay might add cryptocurrency payments options on its platform, according to some leaked ad images from annual crypto event Consensus. The images from the conference show that the company is displaying crypto ads as one of the placards reads: “Virtual Currency. It’s happening on eBay.” Discover Barcelona Trading Conference – A Top Tier Crypto Trading Event “Leaked […]
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Nordstrom waited decades to expand in Manhattan, but now it’s making up for lost time. It introduced its men’s store last year and is opening a seven-story flagship store this fall. And the upscale department-store chain has more up its cuffed sleeves. In September, it will open two small Nordstrom outposts in New York, in the West Village and on […]
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PayPal’s venture capital arm is investing $11 million in Happy Returns. It marks the largest funding round to date for the online returns service and brings its total to $25 million. PayPal’s venture capital arm is investing $11 million in Happy Returns, marking the largest funding round to date for the online returns service and bringing its total to $25 […]
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LISTEN TO ARTICLE SHARE THIS ARTICLE When Shanghai university student Milky Guan buys cosmetics, she isn’t impressed by beauty stores and big name brands. Instead, the 20-year-old relies on a Chinese social media shopping website called Xiaohongshu, or Little Red Book, to figure out what’s hot and what’s not. On Xiaohongshu—a startup that’s part e-commerce portal and part social media […]
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Adidas CEO Kasper Rorsted told CNBC Wednesday the company saw e-commerce as a “tremendous opportunity.” It came as the company published its 2018 earnings, which exceeded analysts’ expectations. However, Adidas is expecting U.S. growth to stall in the first half of this year as it struggles to meet strong demand. There is big opportunity in the e-commerce market, the CEO […]
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UPS Strategic Enterprise Fund, the private equity investment arm of Universal Parcel Service (UPS), has made an equity investment in e-commerce platform Inxeption, to help the latter develop highly functional e-commerce solutions for B2B sellers and buyers, according to a press release on January 16, 2019. A Forward-Thinking Move At a time when blockchain technology is changing the face […]
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Earlier this week news.Bitcoin.com received an email from an e-commerce shop owner who was having lots of issues dealing with traditional payment providers. Many of the problems stemmed from him not having a formal address and having bank accounts in different countries. However, the owner of store Bohemianbeachstyle.com quickly found out about Coinbase Commerce and how easy it is to […]
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E-commerce is one of the world’s biggest industries, currently valued at about $1 trillion. However, the market share and the power are concentrated in a small number of players who continue to become more monopolistic. Due to the centralized nature of e-commerce today, power has been consolidated in specific companies and has also put consumer privacy and information security in […]
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