Ecommerce

E-commerce pioneer Wenzel launches ‘Amazon on steroids’

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FILE PHOTO: The Delivery Hero headquarters is pictured in Berlin, Germany, June 2, 2017. The Berlin-based company Delivery Hero, one of Europe’s largest internet start-ups. REUTERS/Fabrizio Bensch/File Photo April 15, 2021 By Douglas Busvine BERLIN (Reuters) -German entrepreneur Ralf Wenzel, formerly of Delivery Hero and Softbank, is launching a global rapid delivery retail platform, entering …

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GameStop shares surge over 40% after Cohen tapped to lead e-commerce pivot

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FILE PHOTO: U.S. one dollar banknotes are seen in front of displayed GameStop logo in this illustration taken February 8, 2021. REUTERS/Dado Ruvic/Illustration/File Photo March 8, 2021 (Reuters) – Shares of GameStop Corp jumped over 40% on Monday after the world’s largest video game retailer tapped Chewy co-founder Ryan Cohen to spearhead a new committee …

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Exclusive: Indonesia e-commerce giant Tokopedia aims for $1 billion dual U.S., domestic IPO – sources | One America News Network

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FILE PHOTO: Founder and CEO of Indonesian e-commerce firm Tokopedia, William Tanuwijaya, poses for a photograph at Tokopedia headquarters in Jakarta, Indonesia, July 25, 2019. REUTERS/Willy Kurniawan/File Photo December 18, 2020 By Anshuman Daga SINGAPORE (Reuters) – Indonesia’s Tokopedia is lining up an initial public offering (IPO) worth at least $1 billion next year, two …

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FedEx profit leaps on rate hikes, e-commerce shipments | One America News Network

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FILE PHOTO: A Federal Express cargo plane approaches to land in San Diego, California August 24, 2020. REUTERS/Mike Blake December 17, 2020 LOS ANGELES (Reuters) -U.S. delivery firm FedEx Corp on Thursday said quarterly profit almost doubled after rate hikes and spiking volume helped lower the cost of delivering pandemic-fueled e-commerce purchases to residential addresses. …

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E-commerce firm Wish raises $1.1 billion in IPO | One America News Network

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December 16, 2020 By Chibuike Oguh (Reuters) -E-commerce firm ContextLogic Inc sold shares in its initial public offering (IPO) on Tuesday at $24 apiece, the top of its target range, to raise $1.1 billion, the company said in a statement. The IPO gives ContextLogic, which does business as Wish, a market capitalization of $14.1 billion. …

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