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Police Allege Money Launderers Are Using Chinese eCommerce Sites To Move Money

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Chinese authorities have made a series of arrests alleging more than $2 billion was laundered at offshore gambling sites through faux eCommerce purchases. The Financial Times (FT) reported police acknowledged that in a scheme to avoid China’s tough financial regulations, thieves have targeted sites including Pinduoduo Inc.,

eCommerce 124
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BigCommerce + Symantec Secure eCommerce

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BigCommerce, a leading cloud-based ecommerce platform provider for SMBs and enterprise businesses, yesterday announced a partnership with world cybersecurity leader Symantec. The partnership will enable BigCommerce to deliver Symantec’s Encryption Everywhere solution to its worldwide customer base.

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How Treasurers Are Guiding Firms Through The eCommerce Revolution

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The eCommerce landscape is shifting on multiple fronts, with sellers embracing digital channels and adjusting their business models to a new reality of customer demands. This may be a challenge for organizations that already have experience with eCommerce. On the other side of the eCommerce ecosystem is the business-to-business model.

eCommerce 118
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Investors Cap Off 2020 With An Eye On B2B eCommerce, SMB Banking

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There were several notable rounds, including high-value deals for supply chain management, B2B eCommerce and small business banking. Snap Accounts Payable, otherwise known as SnapAP, has announced the completion of the first stage of funding from angel investors as it continues on its way toward a planned $2 million seed investment round.

B2B 84
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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, which went public six months ago and raised $1.6

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US Moves To Curb Pirated eCommerce Goods

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is moving to get tough on the sale of counterfeit merchandise online, notifying eCommerce marketplaces and warehouses that they will get hit with fines if they don’t pull knockoffs out of circulation, The Wall Street Journal reported. . The Department of Homeland Security (DHS) is planning to release a report on Friday (Jan.

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How Streamlined B2B eCommerce Payments Boost Sales For Event Vendors

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Ensuring proceedings come together requires scheduling, coordinating participants’ transportation, securing speakers, finding and furnishing venues and more. Corporations would often rather hand that planning and management work off to professionals. . Its offerings thus need to be accessible for event planners nationwide.

B2B 67