Apollo Global Management Reportedly Doubts in Investment in Brand Aggregator Perch
The media reported that the private company Apollo Global Management is currently reviewing its investment in the brand aggregator Amazon Perch.
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Klarna Reports Earnings Results for First Half of 2023
Klarna has released the financial results of its operations for the first six months of 2023, which testified to the positive dynamics of the second quarter, which exceeded initial expectations.
Grubhub and Amazon Open Autonomous Store on Campus
The new Amazon Just-Walk-Out-powered frictionless convenience store enables students to place orders for pickup at campus eateries through Grubhub app and connect their meal plan as a form of payment
Praso Acquires Floki’s IP
The Brazilian company Praso, which provides a distribution platform for small retailers, announced the raising of $9.3 million in investment funds and announced the acquisition of the intellectual property of Floki, a brand that uses AI to automate purchases in small bars and restaurants.
Amazon Tests Higher Free Shipping Threshold
Amazon is currently testing a minimum purchase requirement of $35 to receive a free shipping service for customers who are not members of the Prime loyalty program.
N26 Integrates iDEAL Online Payment Standard
German online bank N26 enables the most popular online payment method in the Netherlands – iDEAL
Amazon Launches In-House Shipping Service After Hiatus
Amazon announced the resumption of the process of functioning of the shipping service, which was suspended during the coronavirus pandemic.
Infor Nexus and DBS Bank to Offer New Pre-Shipment Financing Solution for Businesses in India
Infor Nexus Supply Chain Network and DBS Bank reported on collaboration to create a pre-shipment financing solution for small and medium-sized businesses in India.
Mastercard Partners With Riskified to Combat eCommerce Fraud
Riskified and the multinational financial corporation Mastercard announced the beginning of cooperation, the purpose of which is to create for companies, operating in the field of e-commerce, the opportunity to increase the level of profitability received from digital business, and at the same time reduce the risk of fraudulent exposure.
Monos CEO Says About Impact of Inflation on Costs of D2C Buyers
Victor Tam, CEO of Monos, a company that creates premium travel products, said that during the difficult macroeconomic situation, which so far shows no signs of improvement in the foreseeable future, many consumers refuse to make large purchases in the e-commerce space, preferring shopping during holiday sales.
Amazon Launches New AI-Powered Feature
Amazon on Monday, August 14, announced the launch of a new feature based on artificial intelligence, which highlights the most important and significant parts of customer reviews of products purchased on the e-commerce giant’s platform.
Cartwheel Integrates With Toast Partner Ecosystem
Cartwheel, the on-demand delivery management platform, announced integration with the Toast partner ecosystem.
LuLu Group Raises $2.72 Billion
LuLu Group International, which is based in Abu Dhabi and owns one of the largest hypermarket chains in the Middle East, is raising 10 billion dirhams (about $2.72 billion) to refinance debt ahead of the expected initial public offering (IPO).
Serve Robotics Raises $30 Million
The company Serve Robotics announced the completion of a public deal and the raising of $30 million in financing.
Amazon’s Robot Workers to Manage Warehouse in Australia
The Australian branch of Amazon plans to move to the largest warehouse in this country.
John Lewis Launches Google Cloud Partnership
The British company John Lewis announced the beginning of cooperation with Google Cloud.
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