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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…
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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,…
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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…
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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…