Cashback Industry News

Indonesian e-commerce, cashback leader Tokopedia rings up $350M investment from Google, Temasek

In a sign that North American e-commerce markets may be hitting a ceiling, Indonesian e-commerce and cashback giant Tokopedia has received a new $350 million round of financing from Google and Singapore government investment fund Temasek. The Jakarta headquartered online marketplace was originally backed by SoftBank Group and has also received funding since from Alibaba…

October 26, 2020
Rakuten shuts down e-commerce legend Buy.com

When Buy.com launched in 1998, the company’s tagline was “The Internet Superstore—Low Prices on Top Brands.” It started selling discount computers and software and quickly added office products, wireless products, electronics, books, videos, games, music, and sporting goods. The company’s prices were so low, Fortune magazine called it a “seemingly crazy new model” two months after it launched,…

August 2, 2020
2020 Global Cashback Report highlights 450+ cashback industry leaders

Identifies cashback company best practices, e-commerce trends, consumer preferences, new market opportunities The new 2020 Global Cashback Industry Research Report profiles more than 450 global cashback industry leaders, tracks the growth and best practices of the $108 billion industry and analyzes its key role in worldwide e-commerce including during the Covid-19 pandemic. The report highlights…

July 14, 2020
French cashback site iGraal acquired in $134 million deal

If there was ever any doubt about the strength of the global cashback industry, two recent acquisitions should encourage investors and cashback site operators. Right in the middle of the global coronavirus pandemic, Global Savings Group (GSG) reached a deal to acquire the leading French cashback, vouchers, and coupons company iGraal from majority shareholder M6…

July 7, 2020
Target circles back to cashback rewards for customers

Target is revamping its customer loyalty program and will launch Target Circle, a free nationwide loyalty program that gives shoppers personalized deals and supports local non-profit organizations. The new loyalty program will launch in October and gives customers a 1% cashback reward on every purchase which they can spend on future Target shopping. “Our goal is…

September 9, 2019
What’s the latest in loyalty programs in 2019?

What do consumers think of loyalty programs in 2019? We’ve got some answers thanks to a new report from HelloWorld. The 2019 Loyalty Barometer Report: What Consumers Think of Loyalty & Reward Programs looks at how consumers are shaping the changing loyalty landscape and how brands can create more engagement and sales by responding proactively. Four…

February 25, 2019
New India e-commerce rules turn industry upside down

New Feb 1 Foreign Direct Investment (FDI) regulations on e-commerce have the online selling business in turmoil in the India e-commerce industry. The new government regulations prohibit foreign-owned companies from restricting local retailers from their marketplace platforms or only selling products from preferred suppliers. Local Indian businesses have complained about barriers to access on the…

February 11, 2019
E-commerce and retail news roundup

US retail and global e-commerce news roundup includes Walmart, Amazon, Target, Flipkart and more.

April 4, 2018
Walmart seeks piece of Flipkart and India market share

Walmart is talking to India’s biggest e-commerce operator Flipkart about acquiring a 40% stake and a direct challenge to Amazon in Asia’s third-largest consumer market. Walmart has been unable to enter the Indian market effectively, operating only 21 cash and carry wholesale stores now because of tough laws protecting India’s retailers. Amazon picked up a…

February 16, 2018
Loyalty marketing: Lufthansa, HelloWorld research, Benebit, mobile wallets

Our post starts with a look at airline plans for revenue-based loyalty programs in 2018. A study by HelloWorld shows 64% of consumers still like earning points for products but the path to purchase changes how merchants must build better loyalty programs. Startup Benebit plans to convert loyalty and rewards points across programs into single…

December 19, 2017