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China-Based IPOs Raised $11.7 Billion In 2020

PYMNTS

The IPO rate for Chinese companies is the highest since Alibaba’s massive market debut in 2014, according to CNBC , citing a new report from Renaissance Capital. market for 2020, according to Renaissance Capital. Chinese companies held 30 initial public offerings (IPOs) this year, raising $11.7 and China over trade and security issues.

Phoenix 268
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GenNx360 Acquires B2B Industrial, AMW Packaging

PYMNTS

New York private equity firm GenNx360 Capital Partners has acquired B2B Industrial and the assets of AMW Packaging Supply , which will give the company a boost in the industrial packaging space, according to a press release. AMW Packaging will continue to operate out of its Phoenix, Arizona, location.

Industry 181
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Building Vendor Trust With Virtual Cards

PYMNTS

Such solutions help construction firms resolve balances while providing their business partners with crucial access to working capital. Virtual cards move payments quickly,” Phoenix said. “We Checks take longer to reach vendors,” Phoenix said. It’s for a particular vendor for a particular invoice,” Phoenix said.

Cards 116
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Amazon Seeks 100K Workers For Operations Roles

PYMNTS

The six targeted cities – Detroit, Dallas, New York, Denver, San Diego and Phoenix – were to be part of an investment of over $1.4 The news comes as COVID-19 has triggered a jump in Amazon 's sales, with its Q2 results seeing revenues and profits nearly double even as it spent over $9 billion on capital improvement initiatives.

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Alphabet-Backed Healthcare Startup, One Medical, To IPO

PYMNTS

Other investors include Benchmark Capital Partners, which owns 13 percent, and Oak Investment Partners, with 11.4 According to the filing , One Medical has nine locations — Boston, Chicago, Los Angeles, New York, Phoenix, San Diego, the San Francisco Bay Area, Seattle and Washington, D.C.

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Nikola Motor CEO Defends $4M In PPP Funds

PYMNTS

While the program is touted by lawmakers and the White House as a lifeline to small- and medium-sized businesses (SMBs) and their workers, the Phoenix hybrid truck manufacturer is another example of a mega company that received the cash. Trevor Milton, the CEO and founder of Nikola Motor Company , is defending his company’s receipt of $4.1

Utah 156
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Western Alliance to Buy GE Capital's Hotel Finance Portfolio

American Banker

in Phoenix has agreed to buy GE Capital's hotel franchise finance loan portfolio. Western Alliance Bancorp.

Capital 28