Chinese online grocer Dada-JD Daojia is reportedly conducting talks bankers to raise around $500 million in a US IPO in May 2020. Walmart owns a 10% stake in the venture.
Salesforce announced the signing of a definitive agreement to acquire field service management company ClickSoftware for $1.35 billion in cash and stock.
IBM Investor Briefing: Red Hat Enables Cloud-Native Software to Run on Any Platform; Updates Guidance
(To be completed by Editor) IBM announced that it has transformed its software to be cloud-native and run on any cloud platform with the help of technology from Red Hat and also updated guidance for the acquisition.
Coresight Research and eShopWorld have partnered to create this first-of-its-kind list of visionaries, thought leaders, and experts driving eCommerce excellence for brands and retailers today.
Tencent and the Pokémon Company announced they will collaborate on new games. Tencent and Nintendo will hold a press event on August 2 at which they are expected to announce the launch of the Nintendo Switch Game System in China
Salesforce announced a strategic partnership with Alibaba via a blog post. Under the agreement, Alibaba will become the exclusive provider of Salesforce to customers in Greater China.
On July 23, Alibaba announced it will open its business-to-business (B2B) e-commerce platform, Alibaba.com, to US small business to sell globally. The global B2B e-commerce market is $23.9 trillion, six times larger than B2C e-commerce, according to the US International Trade Commission. Alibaba.com will co-sponsor a national tour of local “Build Up” events to support small and medium-sized businesses.
Amazon Prime Day 2019 surpassed Black Friday and Cyber Monday combined, this year featuring a variety of innovative tools to engage customers through experiences and via multiple channels.
Coresight Research's global team will have live coverage of Amazon Prime Day 2019, from Asia, Europe and the US throughout the event. Coresight Research estimates Amazon could generate approximately $5.8 billion in global product sales on Prime Day 2019, up by around half from our $3.9 billion estimate for 2018.
On July 9, 2019, Google announced an agreement to acquire enterprise file-storage provider Elastifile for an undisclosed figure via a blog post.
On July 9, 2019, Cisco announced an agreement to acquire optical-networking equipment manufacturer Acacia Communications for a $2.6 billion in cash, net of cash and marketable securities.
On July 2, 2019, NCR announced the acquisition of D3 Technology, Inc., a leading provider of online and mobile banking for the Large Financial Institution (LFI) market, for an undisclosed figure.
Coty Inc. (NYSE: COTY), announced a turnaround plan on July 1, 2019, designed to improve performance, especially in consumer beauty and to optimize its luxury and professional beauty businesses.
The RealReal raised $300 million in its June 28 NASDAQ IPO. The stock went up 44.5% to $28.90 per share in its first day.
Alibaba's Tmall Global, China's largest business-to-consumer (B2C) cross-border online marketplace, launched its first English-language website on June 26