Once your gaming company makes billions, what’s the next step? Launch a billion-dollar e-commerce company. That was Sea LTD’s game plan — becoming the most valuable company in Southeast Asia in the process. What’s next? World domination, starting with Latin America. Monster of a company Founded in 2009, Sea operates the largest gaming, e-commerce and…
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The future of e-commerce as told by Shopify and Amazon
Last week, two giant e-commerce companies reported earnings that confirmed what was already expected — e-commerce spending is slowing down as consumers take their spending elsewhere. But their earnings also show us two diverging growth stories… Something old: Amazon Amazon (NASDAQ:AMZN) fell 7% after reporting worst-than-expected earnings on Thursday — sending other e-commerce companies (i.e….
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Farfetch Stock: The luxury fashion marketplace rises on momentum
COVID may be over, but luxury revenge spending is just getting started. The luxury fashion industry is seeing “remarkable levels of profitability” coming out of the pandemic — and online marketplace Farfetch is reaping the benefits. From mom and pop shops to must cops When the pandemic hit, many expected the $316b luxury goods industry…
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Grocery delivery stocks hit the US stock market
Investors are hungry and ready to feast on two new grocery delivery stocks hitting the US market. On June 29, Chinese grocery startups, DingDong (NYSE:DDL) and MissFresh (NASDAQ:MF), went public on the US stock market. Grocery chains have a problem on their hands Due to the pandemic lockdowns, the online grocery market grew 81% to…
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Car sales move online and these car stocks are driving the change
Shaq is going to have to change his sales tactics in an online world. For the first time ever, millennials bought more cars than baby boomers and it looks like this trend is here to stay. The difference is – they’re doing it online. No showroom, no problem Buying a car is a tiring process…
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Etsy acquires Depop as the growth of secondhand clothing market explodes
Etsy, the e-commerce marketplace for gifts and handmade goods, is acquiring Depop, the UK-based second-hand fashion app, for $1.6b. What’s the big deal? Gen Z’s love secondhand shopping and vintage apparel. In 2020, the resale market grew 25x faster than new retail and Etsy wants a piece. BCG estimated the used-apparel industry to be worth…
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Amazon’s path to becoming a $2t company
Amazon made its second-biggest acquisition yesterday — yet its stock barely budged… What’s the big deal? Amazon’s stock stayed flat since last July despite tremendous growth this year and big news reports this week: Agreed to an $8.45b acquisition of MGM, the movie studio behind James Bond. Considering a push into physical pharmacies (via Insider…
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Global-E Online IPO — should you invest in the cross-border e-commerce company?
Global-E Online IPO — The Israeli e-commerce platform is going public at an expected valuation of $3.6b. This Shopify-backed company aims to remove the complications that arise when moving goods cross-border. Global-E Online IPO: Challenges in e-commerce COVID, globalization, and a focus on selling direct-to-consumers created a surge in cross-border e-commerce volume — with the…
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Shopify defies the laws of COVID — continues to surge despite reopenings
Shopify is defying the laws of COVID reopenings. Despite coming out of lockdowns, the e-commerce giant is showing no signs of slowing and even reported earnings that crushed all estimates — sending its stock up over 11%. Shopify vs Amazon For brands, selling on Amazon has become a necessary evil: The good: wide reach —…
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Squarespace Stock: E-commerce giant prepares to go public via direct listing
Squarespace stock: $SQSP — In the e-commerce world, there’s Amazon, and then there’s everyone else. But companies like Squarespace are giving retailers a fighting chance. On Apr. 16, Squarespace announced its plans to go public — via direct listing (i.e. same method Coinbase used to go public). Not all e-commerce sites are built the same…
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