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Travel Firm Booking Invests $500M In Didi Chuxing

PYMNTS

Chinese ride-hailing company Didi Chuxing has received $500 million in funding from Booking Holdings. dollars on its balance sheet after it raised $4 billion in new capital late last year. In addition, Didi customers can book hotels through Booking.com and its sister site Agoda.

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Southeastern Grocers Rolls Out IPO

PYMNTS

Southeastern Grocers , the parent company of brands such as Winn-Dixie, HAS unveiled a rollout of an initial public offering (IPO) of 8.9 LLC and BofA Securities are serving as joint lead book-running managers and representatives of the underwriters for the deal. 21) announcement. Goldman Sachs & Co. PYMNTS research shows that 22.7

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Brex Rolls Out Corporate Card For eCommerce Cos

PYMNTS

The card bridges companies in the eCommerce space, including online brands and eRetailers, to 60-day payment terms, interest-free financing and no foreign transaction fees. In October the firm closed a $125 million Series C funding round from Greenoaks Capital, DST Global and IVP, valuing the firm at $1.1

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Goldman Sachs To Pay $2.5B For General Motors' Credit Card Business

PYMNTS

GM was the first company to let drivers use touchscreens to do things like order food, pay for gas or book hotels. Goldman has worked out a rough deal with Capital One Financial Group , with the purchase price included. Without a well-known brand or branches, Goldman has turned to partnerships like the Apple Card , which had $4.5

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Shogun Brings Big Retail Tech To Digital-First Retailers

PYMNTS

He needed a name for the company and liked the book. Four years and $35 million in venture capital funding later, Taylor’s company is expanding and simplifying the ability for eCommerce companies to build sophisticated yet simple web stores. A new Shogun was born.

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Booking.com, Resort Fee Commissions And The Platform Power Struggle

PYMNTS

A little over a month ago, Booking.com sent ripples of surprise throughout the travel vertical with the announcement that it would begin collection commissions on the fees resorts charge to customers who book through the platform. Booking platforms, on average, charge a 12 percent to 15 percent booking fee. “As

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How Clothing Stores Are Driving Retail Innovation

PYMNTS

In some cases, retailers are dedicating small spaces to brands inside their brick-and-mortar stores. With the small store concept, shoppers can access personal stylists and on-site tailoring, and customers can tap into omnichannel features such as buy online, pick up in-store.