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Police Allege Money Launderers Are Using Chinese eCommerce Sites To Move Money

PYMNTS

Chinese authorities have made a series of arrests alleging more than $2 billion was laundered at offshore gambling sites through faux eCommerce purchases. The Financial Times (FT) reported police acknowledged that in a scheme to avoid China’s tough financial regulations, thieves have targeted sites including Pinduoduo Inc.,

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BigCommerce + Symantec Secure eCommerce

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BigCommerce, a leading cloud-based ecommerce platform provider for SMBs and enterprise businesses, yesterday announced a partnership with world cybersecurity leader Symantec. The partnership will enable BigCommerce to deliver Symantec’s Encryption Everywhere solution to its worldwide customer base.

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How Treasurers Are Guiding Firms Through The eCommerce Revolution

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The eCommerce landscape is shifting on multiple fronts, with sellers embracing digital channels and adjusting their business models to a new reality of customer demands. This may be a challenge for organizations that already have experience with eCommerce. On the other side of the eCommerce ecosystem is the business-to-business model.

eCommerce 118
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Investors Cap Off 2020 With An Eye On B2B eCommerce, SMB Banking

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There were several notable rounds, including high-value deals for supply chain management, B2B eCommerce and small business banking. Snap Accounts Payable, otherwise known as SnapAP, has announced the completion of the first stage of funding from angel investors as it continues on its way toward a planned $2 million seed investment round.

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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, which went public six months ago and raised $1.6

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US Moves To Curb Pirated eCommerce Goods

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is moving to get tough on the sale of counterfeit merchandise online, notifying eCommerce marketplaces and warehouses that they will get hit with fines if they don’t pull knockoffs out of circulation, The Wall Street Journal reported. . The Department of Homeland Security (DHS) is planning to release a report on Friday (Jan.

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Enterprise Security Returns To Top Of B2B Investment Mountain

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Cybersecurity returned to the top of the B2B startup investment list as three companies in the enterprise security realm landed nearly half of the $246 million in B2B venture capital this week. But Software-as-a-Service emerged as a hot spot, too, with the largest investment round of the week going to a B2B eCommerce SaaS provider.

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