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Petco’s $864 Million IPO Beats Forecasts 

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The San Diego-based pet care chain is pricing its 48 million shares of Class A common stock at $18 each, beating forecasts. Petco is controlled by CVC Capital Partners and Canada Pension Plan Investment Board, which acquired the company in 2015 for $4.6 14), Bloomberg reported. . billion in 2019. .

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Big Lots Q3 Earnings Break Records, Blow Past Forecasts

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billion in revenue, surpassing Wall Street’s forecasts. The Columbus, Ohio-based chain has beat revenue forecasts three times over the last four quarters. The average revenue estimate of six analysts surveyed by Zacks Investment Research was $1.38 Discount retailer Big Lots reported a third-quarter profit of $29.9 million on $1.38

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Singtel’s Dash Plans Remittance Service; KinerjaPay Notches $200M Investment

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Coverage includes Singtel ’s Dash’s plans to introduce a remittance service to allow users to send money from Singapore to Myanmar. With a signed agreement under the Shaping Inclusive Finance Transformations (SHIFT), Singtel’s Dash plans to bring secure and fast money transfers from Singapore to Myanmar by this coming March.

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Deutsche To Invest Billions In Automation, Analytics

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German shipping and logistics company Deutsche Post DHL has investment and expansion plans to capitalize on the growing eCommerce space worldwide, according to a report from Reuters. It aims to see better profits by restructuring and raising prices to raise its 2019 forecast, despite potential global trade difficulties ahead.

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Walmart Forecasting A Big Finish For 2018

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As was the case in the previous quarter, eCommerce sales and grocery were big winners for Walmart, and same-store sales logged their 16th consecutive quarter of growth. We have momentum in the business as we execute our plan and benefit from a favorable economic environment in the U.S.,” percent analysts were forecasting.

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Alibaba To Lead $1B Investment in Ele.me

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Alibaba, China’s largest eCommerce company, and Ant Financial, its financial services arm, are gearing up to invest $1 billion or more in Ele.me, the Chinese food delivery service. Bloomberg noted sales of this type of services are forecasted to hit $1.1 It recently made plans to open up credit services to the Brazil community.

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Japan’s Rakuten Introduces Retail Tool For Digital Transformation

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Rakuten , a Japanese tech company specializing in digital eCommerce solutions for retailers, is introducing a new subsidiary to bolster physical stores. investment firm KKR to acquire 85 percent of the $1.6 The planned June launch of 5G was postponed until September by Rakuten due to the coronavirus pandemic. .

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