article thumbnail

Alibaba Bids For Metro Brick-And-Mortar Stores In China

PYMNTS

14) when an exclusive report from Reuters said that Alibaba wants to buy a stake in the Chinese wholesale operations of Germany-based Metro AG. Those Metro stores that Alibaba reportedly wants still seem to have some life left in them. Metro reported that same-store sales in Asia rose a currency-adjusted 7 percent to €1.04

Metro 148
article thumbnail

Metro Cash And Carry Launches App To Help India Shops Digitize

PYMNTS

The Indian arm of German retailer Metro Cash and Carry has announced the launch of an app for kirana stores, allowing retailers to order stock, keep a check on inventory, and facilitate payments directly from their smartphones. There are plans to launch the app across all of its 27 stores in 17 cities in the near future. “The

Metro 110
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

libaba Bids for Metro Brick-and-Mortar Stores in China

PYMNTS

14) when an exclusive report from Reuters said that Alibaba wants to buy a stake in Germany-based Metro AG’s wholesale operations in China. Those Metro stores that Alibaba reportedly wants still seem to have some life left in them. Metro reported that same store sales in Asia rose a currency adjusted 7 percent to 1.04

Metro 100
article thumbnail

Online B2B Marketplaces See New Funding Rounds 

PYMNTS

The company has expanded from Australia to southeast Asia and clients include Lego, Metro, Pandora and others. Murli Ravi, co-founder of Tin Men Capital has said that “We see synergies between RateIt and other Tin Men portfolio companies, as well as immediate potential with our firm’s go-to-market partners across Southeast Asia.”.

Online 179
article thumbnail

Online Grocer BigBasket Raises $150M For Expansion

PYMNTS

BigBasket, India’s biggest online supermarket, is in the process of raising about $150 million in funding from investors including Alibaba. Bangalore-based BigBasket plans to use the funds to expand across major metro areas in the country, acquire smaller startups and expand into new categories, including beauty products and meat.

Online 124
article thumbnail

COVID-19 Looks Set To Raze Online Home Sales (And Agents’ Jobs)

PYMNTS

housing market, which itself is poised to take a hit where no part of the U.S. The housing market depends on the sanguine attitude of the U.S. In many metro areas, listing volumes were down between high teens percentage rates to more than 40 percent. The quartet includes Zillow Group, Offerpad, Redfin and Opendoor Labs.

Online 181
article thumbnail

Goop Inc Taps Into Booming Wellness Market

PYMNTS

The Global Wellness Institute found that the market for those kinds of offerings was value at $4.2 Chief Revenue Officer Kimberly Kreuzberger said, according to the outlet, “We’re marketing to a very actionable consumer because they’re a shopper.”. While Gwyneth Paltrow’s Goop Inc.