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Google to invest $550M in Chinese e-commerce giant JD.com, which just opened a fully automated warehouse

“Google announced today that it will invest $550 million in Chinese e-commerce giant JD.com” writes Taylor Soper for geekwire.com. The two companies will work together to “explore the creation of next generation retail infrastructure solutions,” according to a news release.Valued at around $65 billion, JD.com bills itself as China’s largest retailer and competes locally with fellow China tech giant Alibaba. Source: geekwire.com Share This:

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Google to invest $550 million in Chinese e-commerce giant JD.com

“JD.com’s investors include Chinese social media powerhouse Ten cent Holdings Ltd , the arch-rival of Chinese e-commerce leader Alibaba Group Holding Ltd , and Walmart Inc “ reports businessinsider.com. The JD.com investment is being made by the operating unit of Google rather than one of parent company Alaphabet’s investment vehicles.Google will get 27.1 million newly issued JD.com Class A ordinary shares as part of the deal.FILE PHOTO: Logo of JD.com is seen on a helmet of a delivery man in Beijing Thomson Reuters SINGAPORE (Reuters) – Google will invest $550…

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Etsy Plans to Raise Seller Fees and Invest More in Attracting Buyers

“Etsy will soon be raising its seller fees as a means of investing more into attracting buyers to its online marketplace, as well as creating new seller tools” writes Jonathan Sperling for fortune.com. As for attracting buyers, Etsy revealed that it invested $78 million in marketing throughout 2017 — the most it had ever spent — and plans to invest more than $110 million in marketing in 2018. Source: fortune.com Share This:

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The home-flipping startup Opendoor requires a lot of money. …

“And the company now says it has accepted another $325 million in new financing that values it at more than $2 billion, according to a person familiar with the matter” writes Jun Edt for recode.net. The company makes money by charging about a 6 percent fee on the sale price.That valuation validates the expensive business model and the company, which was last valued in 2016 at about half that figure. Source: recode.net Share This:

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HSBC to invest $15-17 billion as strategy swings from shrink to grow

“FILE PHOTO – The HSBC bank logo is seen at their offices in the Canary Wharf financial district in London Thomson Reuters LONDON (Reuters) – HSBC will invest $15-17 billion in areas including technology and its core Asian markets of Hong Kong and China as it swings from a strategy of cost-cutting to growth, new Chief Executive John Flint said on Monday” reports businessinsider.com. The announcement is Flint’s first public indication to shareholders of the strategy he intends to pursue at HSBC, which has struggled to meet its profit goals…

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HSBC to invest up to $17 bln in growth, technology

“HSBC Holdings PLC (HSBA.LN) said Monday that it will invest between $15 billion and $17 billion in technology and growth as it targets a return on tangible equity of 11% by 2020” writes Oliver Griffin for marketwatch.com. Group Chief Executive John Flint said that, after a period of restructuring, “it is now time for HSBC to get back into growth mode.”. The bank said it intends to sustain dividends at current levels and undertake share buybacks as appropriate to neutralize any share issuance as a result of scrip dividends. The…

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Alibaba’s Cainiao JV to invest $1.53 billion in Hong Kong logistics hub

“The Hong Kong hub will be yet another milestone on our way to achieving our goal of 72-hour global delivery,” Cainiao President Wan Lin said” reports businessinsider.com. Chinese e-commerce giant Alibaba took control of Cainiao last September and pledged to spend 100 billion yuan ($15 billion) over five years to build out a global logistics network.Cainiao Smart Logistics Network will take a 51 percent stake in the joint venture, while Chinese state investment firm China National Aviation Corp (Group) and courier YTO Express will each hold 35 percent and 14…

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Goldman Sachs, KKR invest $360 million in Portugal start-up

“LISBON (Reuters) – Portugal’s OutSystems, a low-code application platform, has raised $360 million from Goldman Sachs and U.S. investment firm KKR, valuing the company at more than $1 billion, it said on Tuesday” writes Midwest Communications Inc for 95kqds.com. Goldman Sachs made the investment through its Private Capital Investing platform. Source: 95kqds.com Share This:

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Lego aims to get back to sustainable growth after cleaning up its operations in 2017

“Danish toymaker the Lego Group aims to stabilize the business and invest to get back into sustainable growth, Chief Financial Officer Marjorie Lao said on Tuesday, after the company suffered a 7 percent decline in revenue in 2017. “2017 has indeed been a challenging year for us” writes Zhang Peng for cnbc.com. In 2018, we are looking to stabilize the business and invest to get back to growth in the long term,” Lao told CNBC’s Dan Murphy at the innovfest unbound conference in Singapore. In its 2017 financial statement, the…

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Russell Wilson, Ciara invest in effort to bring MLB to Portland

“Russell Wilson and his wife Ciara are venturing into the world of pro sports lobbying by investing in the Portland Diamond Project, a group aggressively trying to bring Major League baseball to Portland, Oregon” reports sportingnews.com. “As owners, investors, and partners in this incredible opportunity, we plan to change the game of baseball and impact the lives of kids everywhere,” Wilson said in a statement Friday. Source: sportingnews.com Share This:

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