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Alibaba to split into six groups, chases IPOs

CFO Dive

The Chinese ecommerce giant will be splitting into six separate groups in a move that follows declining tech valuations and a regulatory crackdown on the country’s tech sector.

Valuation 218
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B2B eCommerce Embraces The Ecosystem Opportunity

PYMNTS

With trade shows canceled and enterprise digitization accelerated, 2020 was a big year for the adoption of B2B eCommerce. Even before the pandemic hit, the B2B eCommerce landscape was heating up as businesses sought greater efficiency. “The The Rise of the Marketplace.

B2B 121
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Petco Aims At $4 Billion Valuation In IPO

PYMNTS

Petco will file its initial public offering (IPO) with a valuation of almost $4 billion, according to a registration statement filed with the Securities and Exchange Commission (SEC) Wednesday (Jan. eCommerce was a fast-growing channel for pet-related shopping even before the pandemic, making $12.2

Valuation 102
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FinTech Stripe Eyes Funding Round That Could Put Valuation At $100B

PYMNTS

According to people familiar with the discussions, the new valuation could hit as much as $70 billion or maybe as much as $100 billion, Bloomberg said. Bloomberg noted that the company has been taking advantage of the eCommerce interest, starting its own card-issuing service for U.S.

Valuation 117
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Nasdaq Debut Gives Poshmark More Than Double Valuation

PYMNTS

Poshmark saw its valuation more than double following its Nasdaq debut, with shares closing at $101.50, the Wall Street Journal (WSJ) reported on Thursday (Jan. Poshmark’s valuation is now over $3 billion, up from $1.25 Poshmark joins a slew of digital startups filing IPOs as the coronavirus pandemic continues to fuel eCommerce sales.

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Affirm Aims At Over $10 Billion Valuation In New IPO Filing

PYMNTS

At $44 per share price, Affirm would have a valuation in excess of $10 billion, Reuters reported. Affirm partnered with the travel industry eCommerce platform Inntopia in November to extend BNPL options to the hotel industry. The Silicon Valley startup is planning to offer 24.6

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Bolt Nets $75 Million In Funding Round For eCommerce Innovation

PYMNTS

The round saw the company's valuation hit over $215 million. There has been a surge in eCommerce this year because of the pandemic, at the expense of in-person shopping as people tried to stay clear of the coronavirus. Bolt was founded in 2014 in San Francisco and works on tools to streamline web transactions. Data from the IBM U.S.