Category: Commerce

myfisensemyfisenseFebruary 11, 2021

As per the Outlook Report 2021 by JP Morgan, “We expect inflation to rise modestly over the next 12 to 18 months to just below 2% in the United States and around 1% in Europe-right where it was for most of the last cycle. This means that policy rates will remain anchored, and investors should […]

myfisensemyfisenseFebruary 9, 2021

The biggest sportswear retailer in Britain, JD Sports Fashion is further targeting acquisitions after raising 464 million pounds ($631 million) through a placing of new shares. This fast-growing group has seen massive growth in the international markets as it opened a Malaysian joint venture in 2015. It further purchased Finish Line in the US in […]

myfisensemyfisenseFebruary 8, 2021

The COVID-19 pandemic is a demand, supply and policy shock for Foreign Direct Investment (FDI). According to the World Investment Report 2020 by UNCTAD, ” It has short-, medium-, and long-term effects. The lockdown measures are slowing down existing investment projects. The prospect of a deep global recession will lead MNEs to re-assess new projects. […]

myfisensemyfisenseJanuary 14, 2021

The owner of the animal supply chain store Petco raised $864 million in an initial public offering, returning the retailer to the public market 15 years after it was taken private. The company, which is changing its name to Petco Health and Wellness Co. in conjunction with the listing, sold 48 million shares for $18 each, according […]

myfisensemyfisenseJanuary 14, 2021

Poshmark Inc., the online marketplace for second-hand goods, raised $277 million in a U.S. initial public offering, pricing the shares above a marketed range. The company sold 6.6 million shares for $42 each Wednesday, according to a statement confirming an earlier report by Bloomberg News. Poshmark had marketed the shares for $35 to $39. Redwood City, California-based […]

myfisensemyfisenseDecember 10, 2020

Demand for contactless payments and e-commerce has grown in South Korea during the COVID-19 pandemic. The Seoul-based startup announced it has raised a $60 million Series B. The round was led by Hanhwa Investment & Securities, with participation from SoftBank Ventures Asia (the early-stage venture capital arm of SoftBank Group), SK Networks, Aarden Partners and […]

myfisensemyfisenseDecember 8, 2020

Shippit an Australia-based e-commerce logistics platform, will expand in Southeast Asia after closing a $22.2 million Series B led by Tiger Global, with participation from Jason Lenga. Founded in 2014, Shippit’s technology automates tasks related to order fulfillment, including finding the best carrier for an order, tracking packages and handling returns. The company’s Series B, which brings […]

myfisensemyfisenseNovember 23, 2020

Egypt-based Cloud-based e-commerce enablement platform ExpandCart has raised US$2.5 million in a Series A round of funding . The round of financing was led by Egyptian VC Sawari Ventures with participation from Agility Ventures (the corporate VC arm of logistics firm Agility), and Graphene Ventures some angel investors. Launched in 2013 by Amr Shawqy and Sameh Nabil, the startup enables […]

myfisensemyfisenseNovember 16, 2020

Philippines-based social e-commerce platform Resellee announced in a statement that it has raised a US$1 million in seed financing. The round of funding was secured from Mintech Enterprises and Hofan Capital. The startup will use the fresh capital to grow its local operation and proceed to expand in 2021. “Resellee plans to deploy the proceeds […]

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