Indonesian tech unicorn launches ambitious regional expansion

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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eBay to Add Crypto Payment Option, Leaked Ads Show

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 to Add Two Mini Stores in Its New York Expansion

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 Ventures invests $11 million in retail start-up Happy Returns

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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The Future of Shopping Is Already Happening in China

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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E-commerce is the 'future for a lot of markets,' Adidas CEO says

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 Boosts E-Commerce Platform with Blockchain Investment

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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Frictionless Commerce: A Story of How Easy It Is to Start Accepting Bitcoin Cash

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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CyberMiles to democratize and decentralize e-commerce with Ethereum [ETH] VM competitor

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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