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...One area of growing success for ByteDance is ecommerce thanks to TikTok Shop, which enables brands and merchants to sell goods marketed through short videos....
...The owners of London’s O2 Arena and Hammersmith Apollo have each entered the race to buy See Tickets, after French media group Vivendi kicked off a sales process for one of the UK’s biggest ticketing merchants...
...It will also allow merchants to charge different prices to consumers based on which credit card they use....
...In the US, merchants paid a record $172bn in processing fees to accept $11.2tn in card payments last year, according to the Nilson Report....
...The missiles “presented an imminent threat to merchant vessels and US Navy ships in the region and could have been fired at any time”, Centcom said....
...That transaction included stakes in two of the UK’s largest producing fields, Schiehallion and Mariner, as well as in the Cambo and Rosebank fields....
...Attacks peaked in March when three mariners were killed after a missile hit the bulk carrier True Confidence....
...The deal included stakes in two of the UK’s largest producing fields, Schiehallion and Mariner, and in the undeveloped Cambo and Rosebank fields....
...The UK’s listed universe of sportswear merchants is a small one. A plethora of cult brands remain in private hands, despite periodic IPO talk by the likes of Gymshark....
...But Magnati believes the data it collects on merchants will make banks more willing to lend to them....
...Thirteen years ago, Square disrupted payments processing with a simple dongle that merchants could attach to smartphones and tablets to accept card payments....
...The fintech assault has so far succeeded at the start of that chain, helping merchants take payments more cheaply and easily....
...The merchant typically pays 1-3 per cent of the transaction’s value. First is the processing fee charged by the acquirer for supplying merchants with the sales terminal and undertaking the payment....
...TikTok generates the bulk of its revenue from advertising but it has taken its ecommerce platform to various markets across Asia as well as the US, enabling brands and merchants to sell goods marketed through...
...Growth has been stronger in its Braintree unit, which provides unbranded payments technology to merchants. But this is far less lucrative than the branded business....
...Imagine a shopping mall where the landlord is the only merchant selling wares. Customers may not notice, understand or even care. They might even like the apparent convenience....
...Earlier this year, it accepted an investment from a merchant bank to pay off some of its debts. Meanwhile, Warner is still digesting the acquisition of Warner Brothers from two years ago....
...Kirkland & Ellis restructuring lawyer James Sprayregen is joining the investment and merchant bank Hilco Global as a vice-chair. Hilco had recently added the Lazard restructuring head David Kurtz....
...The trend is so disruptive that the Indonesian government has banned online shopping on social media platforms to protect smaller merchants. TikTok may have found a way around that prohibition....
...“Not only does Tokopedia have a large local merchant base and strong logistics and payments assets that TikTok can leverage . . . the company also has deep ties to Indonesia’s regulators and broader government...
...And Return of the Obra Dinn is a puzzle game set on a merchant vessel that resurfaces after five years of silence with all its crew dead or missing....
...Carvana, the upstart online used-car merchant, reached a market capitalisation of nearly $50bn in 2021, selling 425,000 used cars that year, 75 per cent more than the year before....
...Last year, US merchants paid $126bn in processing fees on about $5.7tn worth of credit card transactions, according to Nilson....
...A version of this article was first published by Nikkei Asia on December 12. ©2023 Nikkei Inc. All rights reserved....
...Krug is from Bilbao but spent her childhood summers around here, and eventually married a merchant crewman from Mundaka....
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