Paytm will open its IPO in November.
Paytm, India's largest mobile payment platform, will open its IPO next month and is seeking a valuation of approximately US$20 billion.
Paytm would set the IPO price range between Rs 2,080 to Rs 2,150 per share. It is expected to be listed for trading on November 8th. Paytm's goal is to raise 183 billion rupees through this IPO, about 10% higher than its previous goal.
Poshmark launches a "Brand Closet" plan.
Poshmark announced the launch of the "Brand Closet" program, allowing brands to sell to more than 80 million Poshmark users directly. According to the plan, brands will use a set of marketing tools provided by Poshmark to connect with consumers.
Among them, Drops Soon allows brands to share limited-time products. My Shoppers supports one-on-one customer surveys. Posh Party can help brands increase visibility.
DHL will open its first mobile innovation center in Dubai.
DHL opens the first mobile innovation center covering the Middle East and Africa in Dubai South. It will provide a platform for DHL customers and partners to communicate with industry innovators in the entire MEA region.
A series of advanced technology in the innovation center will shape the future logistics industry and some concepts that DHL has successfully practiced. DHL plans to launch the facility in Dubai before the end of this year and then move to Qatar, the next stop of its MEA region tour.
Walmart launches a new bill payment service VanillaDirect.
Walmart and InComm Payments, a global payment technology company, have reached a partnership to employ the VanillaDirect financial network in 4,700 US Walmart stores.
The service will enable customers to access over 15,000 billing and account providers in the network, including financial service providers from multiple industries such as utilities, telecommunications, billing, banks, leasing companies, and insurance providers. In addition, Walmart also stated that it would provide Walmart+ users with a cashback of US$9.95 to offset the customer's next online order.
PayPal launches Zettle Terminal, a POS solution.
To provide SMEs with better in-store mobility, PayPal will launch a new integrated point-of-sale solution, Zettle Terminal. Zettle Terminal has been available in the UK and will be available in other markets in the next two years.
In July 2021, PayPal launched PayPal Zettle, a POS solution for small businesses in the United States. This product is a digital retail terminal solution. By using Zettle card readers, merchants can receive various face-to-face payments. It can also help small businesses realize cross-channel online sales, inventory management, and payment accounting.
eBay's third-quarter revenue exceeded $2.5 billion, an increase of 11% year on year.
eBay's 2021 third-quarter financial statement showed that its third-quarter revenue increased by 11% year-on-year to US$2.501 billion, higher than the forecast of US$2.46 billion. Compared with the same period last year, eBay's GMV fell 10% to US$19.5 billion, net profit fell 53% to US$283 million, and the number of active global buyers fell 5% to 154 million.
Australian supermarket giant Coles launches its online platform, "Best Buys."
Australian retail chain Coles launched its online platform, "Best Buys." The "Best Buy" website extends the "Best Buys" store under the group. Coles and selected online stores will provide the products on its online platform.
This Friday, BestBuys will add new products from existing brand partners or new brands, adding once every two weeks. If there is a problem with the product purchased on this platform, the consumer can not return it to the Coles store. Customers need to contact Coles online customer service to schedule returns with the supplier.
Israel Post will import 15 million parcels from November to December.
According to Israel Post's latest forecast, at least 15 million imported parcels will be shipped to Israel from November to December this year. According to reports, Israelis most often shop on e-commerce platforms such as iherb, Amazon, SHEIN, Aliexpress, eBay, and Asos. The most commonly purchased items are household appliances, furniture, tableware, bedding, auto parts, carpets, etc. Larger products.
Singapore fashion e-commerce company Love Bonito raises US$50 million in series C financing.
Singaporean fashion e-commerce company Love Bonito announced that it had received US$50 million in series C financing, led by China Chunhua Capital Group. Founded in 2016, Love Bonito was initially a blog site selling used clothing, and now it designs and manufactures products independently.
It has a Love Bonito fashion website and 16 retail stores. Love Bonito has operations in more than ten markets, including Southeast Asia, East Asia, Australia, and the United States. In 2020, Love Bonito's annual sales were S$31.4 million, a decrease of 2.3% from the previous year. Love Bonito also plans to expand its clothing categories, launch sportswear and accessories, and launch personalized shopping features and forums.
Ceconomy 2020 online business profits increase by nearly 65% year-on-year.
On October 27th, Ceconomy, Europe's leading consumer electronics platform, announced its 2020/2021 fiscal year report. The report shows that the company's total revenue in 2020 has increased from 20.8 billion euros to 21.4 billion euros. Its online business accounted for more than 30% of total profits, an increase of 64.9% compared to the previous year, reaching nearly 7 billion euros. Ceconomy is the parent company of MediaMarkt and Saturn, the major European electronic goods retailers.
In the past year, these two platforms have gained about 8 million new users. In addition to the two significant players, Ceconomy also operates more than 1,000 consumer electronics stores in twelve European countries, including Germany, Austria, and Switzerland. There are substantial differences between the European markets.
YouTube will hold a week-long streaming shopping event.
YouTube plans to hold a week-long streaming shopping event, "YouTube Holiday Stream and Shop," starting November 15th. The goal of the event is to conduct a larger-scale test of its streaming shopping platform.
The event began with Merrell Twins and showcased products from top retailers like Walmart, Samsung, and Verizon. During this period, audiences can purchase new products through Q&A and voting, unlock limited-time offers, and interact with creators and other audiences.
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