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Sources Confirm Flipkart Is Looking To Raise $1B

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A source familiar with India’s top eCommerce company Flipkart told Reuters that the firm is hoping to raise as much as $1 billion in its latest funding round. One of Flipkart’s biggest competitors, India’s eCommerce company Snapdeal , shared that it is “restructuring” by laying off employees. While Flipkart recently raised $1.5

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China’s Ant Group Mulling Creation Of New Consumer Loan Unit

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Ant was co-founded by billionaire Jack Ma, who also co-founded eCommerce giant Alibaba. While it is still unclear to what degree the Chinese government will try to control Ant’s booming loan business, the company will likely have to meet higher capital requirements, even with a restructuring of its consumer loan business.

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Ant Swallows MoneyGram In US Push

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The transaction itself shows Ant Financial, which operates as an affiliate of Alibaba Group Holding, the eCommerce giant, making inroads into the United States, which has been a goal of the parent company. The Wall Street Journal noted that Ant has a $60 billion valuation and had raised $4.5 The inroads into the U.S.-based

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Walmart Amazon Whole Paycheck Tracker: New Expansions, Partnerships And Reorganizations

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In Amazon’s case, the value of logistics is about $1 trillion, which is the valuation the company reached again this week, after the firm’s results and investments managed to impress investors. Big News of the Week: The Central Operations Restructuring. Never underestimate the value of logistics.

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Uber’s Rough Ride Of A Week

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a share, a price that would decrease Uber’s $60 billion valuation by 30 percent. But, facing widening losses, Uber may prefer to take the haircut (and the corporate restructuring that goes with it) as it tries to get back on track for 2018. billion in funding. Cyber Grinch: What’s a holiday season without stress?