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Poshmark Files For IPO After Posting Record Profits

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Secondhand eCommerce platform Poshmark filed for an initial public offering (IPO) after posting more than $30 million in profit across two consecutive quarters. “We We only recently became profitable and have experienced net losses. The Silicon Valley startup posted a net loss of $14.5 million last year.

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When Will Profits Hitch A Ride With Uber And Lyft?

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However, Uber’s revenue increased only 2 percent between Q3 and Q4, reaching $3 billion, a 24 percent increase over the previous year — leading some investors to question the ridesharing firm’s future prospects for profitability. Losses came in at $1.8 billion in losses reported at the same time in 2017.

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Alibaba eCommerce Rival Pinduoduo Secures $1B In Funding

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Chinese upstart eCommerce site Pinduoduo (PDD) is raising more than $1 billion to help compete with Chinese giants like Alibaba and JD.com, according to reports. billion, said it’s planning on selling 37 million of its shares to raise the new billion, or even $1.25 The company isn’t profitable yet, and probably won’t be for a while.

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Are Private Labels The Key To Cracking The Profitability Indian eCommerce?

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Cash is still king – but it’s use has fallen off by 15 percent in the 18 months since Prime Minister Narendra Modi, announced a rapidly implementing demonetization plan that saw 86 percent of the rupees in circulation disappear out of the economy nearly over night. And expectations for eCommerce are swelling accordingly.

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Walmart’s eCommerce Business Continues To Struggle

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Walmart’s eCommerce division is projecting losses of $1 billion in its bid to catch up with Amazon, which is causing tensions between the leader of the division and Walmart U.S. billion) in attempts to compete, but it hasn’t helped profitability. Walmart has previously said it was anticipating the losses from the division.

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Sneaker Sales Propel 3Q Surge In Under Armour Earnings

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Sportswear giant Under Armour reported a third-quarter profit of $38.9 Patrik Frisk, president and CEO of Under Armour, told The Baltimore Sun that the company is focused on returning to profitability and is planning to invest in eCommerce and company-owned retail outlets. . The deal is valued at up to $345 million.

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Pinduoduo Aims To Raise Up To $5.6B To Boost Online Grocery Shopping

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Chinese eCommerce platform Pinduoduo plans to raise up to $5.6 The company plans to offer up to 25.3 Despite being one of China’s largest shopping platforms, Pinduoduo has yet to turn a profit. Last week, the company reported a third-quarter net loss of $115.6 billion based on Monday’s closing stock price.