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Alibaba eCommerce Rival Pinduoduo Secures $1B In Funding

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Chinese upstart eCommerce site Pinduoduo (PDD) is raising more than $1 billion to help compete with Chinese giants like Alibaba and JD.com, according to reports. The company puts a twist on the traditional eCommerce playbook by offering a social aspect – shoppers who team up with friends or family can get discounts by making group orders.

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Investors Cap Off 2020 With An Eye On B2B eCommerce, SMB Banking

PYMNTS

There were several notable rounds, including high-value deals for supply chain management, B2B eCommerce and small business banking. With a focus on enabling corporations to manage payroll in a remote work environment, India-based Skuad has reportedly secured a $4 million seed investment round , according to the Economic Times of India.

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Latest Economic Data Sends Mixed Signals About Consumer Holiday Spend

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1) after the first major data report of the fourth quarter showed a continuation of America’s recent economic woes. New figures from the Bureau of Economic Analysis showed that personal income fell 2.7 Hopes for fresh signs of strength heading into the holiday shopping season were crimped Thursday (Oct.

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B2B eCommerce, Business Banking Tech Open VC Wallets

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India and Brazil, with focuses ranging from business banking technology to food and grocery B2B eCommerce. Brazil's BizCapital , a financial service provider for small- to medium-sized businesses (SMBs), secured $3 million in funding from Oikocredit, the company said this week. This week's roundup includes startups from the U.S.,

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Economic Nexus Laws’ Unexpected Impacts On Restricted Substance Retailers

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eCommerce sales tax laws are having unintended consequences in the tobacco industry. State governments began rolling out economic nexus laws after 2018’s South Dakota vs. Wayfair ruling. It appears that economic nexus laws are falling short of leveling the playing field in at least one niche industry, however.

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Indonesian Wholesale Marketplace Ula Secures $10.5M In Seed Funding

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Indonesian wholesale eCommerce market Ula has announced that it has secured $10.5 Ula, launched in January this year, aims to help small store owners boost their income through its multi-category wholesale eCommerce platform, along with perks such as a large products list, prices, doorstep delivery and pay later options.

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China Uses Monetary Policy To Cure China’s Economic, Viral Ills

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Can monetary policy cure the ills of an economic slowdown caused by the Coronavirus ? In a series of actions aimed at boosting liquidity (and, by extension, economic stability), China’s central bank has pumped money into the country’s financial system, which had been slowing markedly even before the pandemic.