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...“They have a choice: to sell, to store, or to scrap,” said the Korea-based manager....
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...Suning is itself under financial pressure as it struggles with weaker sales at its physical stores, steep losses on investments and $1.2bn in bonds maturing this year....
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...One poster quotes an email they say was signed “Maximus Brainsby, Co-Founder, Pexgle.”...
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...It also owns Myntra, a popular online fashion store....
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...The editorial team can be reached at techasia@nex.nikkei.co.jp...
...SK E&S, the group’s energy unit, will open a New York office headed by vice-chair Yu Jeong-joon in 2022 after taking over several US energy companies in recent years....
...It transitioned into delivering from stores, charging businesses a part of the order value. Dunzo launched a quick-commerce operation last year, promising grocery deliveries in less than 20 minutes....
...Its e-wallet service, GoPay, allows customers to make cash deposits at convenience stores and use the app to make purchases, access credit through “buy now, pay later” schemes, and even make micro-investments...
...Steam’s owner Valve announced in October a ban on NFTs from its expansive store. The new policy appears to align with Steam’s stance prohibiting items that have real-world value on the platform....
...She need not have worried: this month, Nykaa’s corporate parent, FSN E-Commerce Ventures, raised $722m in an initial public offering valuing the company at about $7.4bn....
...Rather than look to sell a failing company’s assets, these highly co-ordinated state guided processes are focused on preserving jobs and business operations, said Ivan Chung, an analyst at Moody’s....
...In Indonesia, the central bank temporarily stopped issuing new e-wallet licences, resulting in the most well-funded companies buying companies that already have one....
...Last week, Bloomberg News reported that regulators in China had told lenders to carry out stress tests on their exposure to Evergrande....
...Retail Inditex (Spain) By investing in new systems, the Spanish clothing group is blurring the line between physical and online stores....
...But four years later and debt problems embroiling Zhang’s expansive conglomerate have rippled far beyond his Suning stores and websites....
...In 2015, the company created another business to provide technology, software and services to help department stores such as Harrods and brands including Thom Browne to run their e-commerce operations....
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