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Walmart May Be Looking To Sell Off Its Japanese Business

PYMNTS

Walmart has been operating in Japan for the last 16 years — a time described as “tumultuous” by the Financial Times ( FT ). Walmart first purchase Seiyu in 2002, but has faced difficulties gaining traction in the extraordinarily challenging Japanese market. As Walmart is refocusing its efforts in the U.S.

eBook 100
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Interswitch in Kenya

Bankelele

Interswitch is a Nigeria-based, transaction switching and electronic payments processing company, with operations in several African countries. Helios are best known in Kenya for their large investments in Equity Bank, Wananchi Online, and soon, at Telkom Kenya, where they are in the process of buying out France’s Orange Telecom.

ATM 28
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Here Are 35 Casualties Of The Retail Apocalypse And Why They Failed

CB Insights

Modern-day retail is at an inflection point as retailers face struggling physical storefronts, massive debt, and inefficient operations, among other issues. Formerly beloved brands such as Aeropostale, American Apparel, and PacSun bit the dust in 2016, and the pace of retail deaths has accelerated since then. Date: September 2017.

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Should Facebook Buy eBay?

PYMNTS

That’s where Reid Hoffman hatched the idea for LinkedIn in 2003 after inviting hundreds of his friends to create online profiles to get his idea for a professional online networking site off the ground. Four years later, in 2002, eBay announced that it would buy PayPal for $1.5 In September of that year, eBay went public.

Online 128
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Fools Rush In: 37 Of The Worst Corporate M&A Flops

CB Insights

Zynga, creator of Facebook games Farmville, Mafia Wars, and about a dozen different types of online slot machine games, paid $210M in 2012 for OMGPOP, creators of DrawSomething!, The companies served different user bases: Nextel was more of a business brand, with customers often drawn to its signature walkie-talkie technology.

Google 76
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Who’ll Be The ‘Netflix’ Of Payments?

PYMNTS

The big daddy of the video rental industry at the time was Blockbuster , and it operated more than 4,500 such outlets. Blockbuster filed for bankruptcy in 2010 with a market cap of $12 million, down from $4 billion just a decade before in 2002 — the year that Netflix IPO’d. So, too, are the cable operators.

Payments 100
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Wayfair’s Way Forward In A Crowded Field

PYMNTS

So small, in fact, that when it first started in 2002, the entire operation fit easily into the spare bedroom of Co-founder Steve Conine’s Boston home. Furniture, unlike clothes, food and books, is not considered an ideal product for online sale. As of today, that one-room idea has grown to $6.6

Boston 101