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Walmart’s Flipkart confirms it is entering the food retail business in India

Walmart’s Flipkart confirms it is entering the food retail business in India India’s Flipkart is entering the food retail business as the e-commerce giant looks to expand its reach in the nation, its chief executive said on Tuesday. Flipkart, which sold majority stake in the company to Walmart for $16 billion last […]

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GoFundMe launches free platform for nonprofits and charities, rolls out button to donate anywhere

GoFundMe launches free platform for nonprofits and charities, rolls out button to donate anywhere GoFundMe has made its name primarily as a platform for individuals to create fundraisers for personal causes — a service that has seen hundreds of campaigns go viral through social media to raise collectively well over $5 billion […]

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DoorDash opens a shared kitchen in Redwood City

DoorDash opens a shared kitchen in Redwood City DoorDash is opening its first shared commissary kitchen in Redwood City, Calif., bringing new delivery and pickup options to customers in Peninsula towns including Atherton, Menlo Park and Palo Alto. This is part of a broader trend of companies like Deliveroo opening shared kitchens […]

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Why each Libra member’s mutiny hurts Facebook

Why each Libra member’s mutiny hurts Facebook There’s a strategic cost to the defection of Visa, Stripe, eBay, and more from the Facebook -led cryptocurrency Libra Association . They’re not just names dropping off a list. Each potentially made Libra more useful, ubiquitous, or reputable. Now they could become obstacles to the […]

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Pegging Libra just to the $ could soothe regulators, a16z says

Pegging Libra just to the $ could soothe regulators, a16z says What if Libra wasn’t backed by a basket of international currencies, but only the dollar? Regulatory pushback to the Facebook-led cryptocurrency Libra has caused major partners including Visa, MasterCard, PayPal, and eBay to pull out of the Libra Association. But one […]

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Club Factory raises $100M to expand its lifestyle e-commerce platform in India

Club Factory raises 0M to expand its lifestyle e-commerce platform in India Club Factory, a Chinese e-commerce platform that sells fashion and beauty items and electronics accessories, has raised $100 million in a new financing round as it looks to expand its footprints in India. The new financing round — Series D […]

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Africa e-tailer Jumia’s shares fall 4% day after IPO lockup expiration

Africa e-tailer Jumia’s shares fall 4% day after IPO lockup expiration Shares of Africa focused e-commerce company Jumia dropped 4% the day after the lockup period expired for its April IPO on the New York Stock Exchange. The lockup provision prevents major shareholders — namely those who purchased equity pre-public listing — […]

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Toys R Us relaunches its website where online sales are powered by Target

Toys R Us relaunches its website where online sales are powered by Target Toys R Us is back online, thanks to a new deal with Target. Tru Kids, the parent company that acquired the defunct toy chain following its bankruptcy, has announced the relaunch of the ToysRUs.com website as it begins the […]

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Amazon, Walmart confront India’s slowing economy as holiday season growth stalls

Amazon, Walmart confront India’s slowing economy as holiday season growth stalls Even India’s biggest festive season, featuring blinding marketing blitzkrieg and heavy discounts from Amazon India and Walmart’s Flipkart, has failed to escape the pains of slowing economy. Online retailers in India sold goods worth $3 billion in the six-day festive sale […]

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Robinhood revives checking with new debit card & 2% interest

Robinhood revives checking with new debit card & 2% interest This time it actually has insurance. Zero-fee stock trading app Robinhood is launching Cash Management, a new feature that earns users 2.05% APY interest on uninvested money in their account with the ability to spend it through a special Mastercard debit card. […]

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