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JCPenney Explores Debt Restructuring Options With Advisers

PYMNTS

To look into debt restructuring options that would provide the retailer more time to make a turnaround, JCPenney Co Inc has reportedly hired advisers. Even so, one of the unnamed sources put out the caveat that the plans for restructuring are at an early stage.

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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 This is the latest investment for Tencent, which revealed aggressive investment plans earlier this year. percent stake in Youzan.

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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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Five At Five: PayPal’s New Investment Push

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PayPal Leads Investment In PPRO. Through this investment, PayPal said PPRO plans to accelerate the expansion of its payments platform and the international presence of its alternative payments-acquiring business. Bloomberg reported that Apple is restructuring its team of sales people in India. and around the world.

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MyTheresa eCommerce Fashion Brand Plans To Go Public

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Neiman Marcus has faced a lawsuit in the New York State Supreme Court over a debt restructuring that creditors said caused a decline in the value of MyTheresa. Some of those carve-outs have proved contentious with creditors for their parent brands.

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Five at Five: Ride Hailing Service Grab Set For New $1B Investment

PYMNTS

Stories include Southeast Asia ride-hailing service Grab on the verge of a huge investment, Huawei knocking off Apple in smartphones, Royal Bank of Scotland getting a reprieve, Shopify shares falling amid a slowdown and solid private sector jobs growth in July. Shopify Shares Fall Amid Slowing Growth During Second Quarter.

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Manifesting Retail’s Week Of Revolution

PYMNTS

We’ve seen Walmart throw down the gauntlet on eCommerce, going public with its plans to hire Amazon-like numbers for its fulfillment centers. But they have evolved enough to send consumers happily to eCommerce sites. In this moment, the pandemic has allowed us to accelerate where and how we will invest.