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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

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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

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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

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Metro Bank UK: 2023’s Next Bank Collapse? | Samsung’s Trackable Card Unveiled | UBS Tests Tokenized Fund on Public Blockchain

Bussman Advisory

Gain insights into disruptive technologies, industry updates, and success stories from our portfolio companies. This week’s must-know stories: Metro Bank’s Financial Struggles: Will Metro Bank in the UK be 2023’s next banking collapse? Tokenizing funds can enhance liquidity and market access.

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Sensibill Rolls Out New Tool For Automatic Receipt Extraction

PYMNTS

Sensibill CEO Corey Gross said in the release that there's a "new urgency around cost savings, efficiencies, digital engagement and innovation in otherwise mature markets.". Our Receipt Extraction API offering uses smart technology to extract receipts in bulk with speed and precision," he said, according to the release. "We

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Car Talk: Shift Announces Plans To Go Public

PYMNTS

“We are excited to partner with Shift and its world-class management team as it leverages its technology platform to disrupt the $840+ billion used car market,” said Daniel Cohen, chairman of the board of directors of Insurance Acquisition Corp. Merging with Insurance Acquisition Corp.

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Costco’s First China Store Signals Broader Retail Trend Into Foreign Markets

PYMNTS

The answer may hold lessons for other retailers eager to do more in the Chinese market. As the newspaper said, “German wholesaler Metro is also in the process of selling its operations to a local bidder, while British grocery giant Tesco pulled out of the Chinese market in 2014.”.

Marketing 101