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Poshmark Files For IPO After Posting Record Profits

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Secondhand eCommerce platform Poshmark filed for an initial public offering (IPO) after posting more than $30 million in profit across two consecutive quarters. “We We only recently became profitable and have experienced net losses. The Silicon Valley startup posted a net loss of $14.5 million last year.

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Are Private Labels The Key To Cracking The Profitability Indian eCommerce?

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Cash is still king – but it’s use has fallen off by 15 percent in the 18 months since Prime Minister Narendra Modi, announced a rapidly implementing demonetization plan that saw 86 percent of the rupees in circulation disappear out of the economy nearly over night. And expectations for eCommerce are swelling accordingly.

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The Walmart Amazon Whole Paycheck Tracker: The Regulation And eCommerce Loss Blues

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But, as Walmart and Amazon seem to like to do things in tandem, Walmart is also paying for some success — in this case success in rapidly building out its eCommerce operations. In fact, in his annual shareholder letter, Amazon’s CEO was touting the glories of making big bets, even if they don’t exactly go to plan. “As

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Tencent Buys Stake In Chinese eCommerce Co Youzan

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Tencent Holdings is buying over 1 billion shares of Hong Kong-listed eCommerce platform Youzan. billion shares to five subscribers, including Tencent’s Poyang Lake Investment, at $0.53 So far, Hangzhou-based Youzan has yet to turn a profit. In fact, it posted a loss of $839.4 percent stake in Youzan.

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Pinduoduo Aims To Raise Up To $5.6B To Boost Online Grocery Shopping

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Chinese eCommerce platform Pinduoduo plans to raise up to $5.6 billion to invest in its one-day delivery service of farm goods across China, among other projects. The company plans to offer up to 25.3 Despite being one of China’s largest shopping platforms, Pinduoduo has yet to turn a profit.

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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. billion, said it’s planning on selling 37 million of its shares to raise the new billion, or even $1.25 The company isn’t profitable yet, and probably won’t be for a while.

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Rakuten Dumps $1.4B In Tech Holdings, Including Pinterest Stake

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Rakuten , the Japanese eCommerce conglomerate, has sold billions of dollars’ worth in shares, including the entirety of its stake in Pinterest. Rakuten’s sales come on the heels of its operating loss of 40 billion yen, or $360 million, last quarter.