PYMNTS

APRIL 4, 2019

Tencent Holdings is buying over 1 billion shares of Hong Kong-listed eCommerce platform Youzan. That will bring Youzan’s net proceeds to $910 million HK, which will be used to fund system upgrades, product development, marketing, promotion of services and general working capital. In fact, it posted a loss of $839.4

eCommerce 51

eCommerce Profit and Loss Restructuring Investments 51

PYMNTS

OCTOBER 21, 2016

The company also announced Nina Barjesteh as the new marketing chief and the creation of a new position of chief customer officer. Fitch names rue21 as a retailer at a “high risk of default” because of its bond debt, declining foot traffic, competition from eCommerce and other retailers and “a lack of a compelling product line.”.

Retail 55

Retail Marketing Profit and Loss Restructuring 55

PYMNTS

AUGUST 16, 2018

The planet’s largest retailer by sales crushed their way through Q2, with bigger than expected gains in revenue, earnings, same-store sales and eCommerce sales than analysts were predicting before the numbers hit the wires. Also a highlight was eCommerce, with Walmart reporting 40 percent growth during the second quarter.

Profit and Loss 40

Profit and Loss Restructuring Forecasting eCommerce 40