Tag Archives: ECM

PR Newswire

Adyen to expand into the Middle East, opens Dubai office

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AMSTERDAM, Nov. 10, 2020 — Adyen (AMS: ADYEN), the global payments platform of choice for many of the world’s leading companies, announced today that it will expand its offering to the Middle East. Supporting the momentum of innovation and diversification of the business landscape in the Middle East, the company has opened an office in Dubai. This will enable Adyen’s existing merchant base to easily move into the region and provide merchants from the region with access to the full strength of the Adyen platform.

"We’re very excited to open our Dubai office, this is an incredibly dynamic market," said Sander Maertens, Head of Middle East for Adyen. "For us, it’s important to be able to offer local expertise to our merchants — that’s why opening a local office is essential."

Offering a broad range of local payment methods, so shoppers can pay using their preferred payment methods, is vital to online success. To enable its merchants in best servicing their shoppers in the Middle East region, Adyen integrated with a host of key local payment methods – amongst which Fawry, Mada, Meeza, KNET, NAPS, BENEFIT, and OmanNet.

"Investing in our global reach to support our merchants is something we’re constantly working on — and this is a very interesting region for them," said Pieter van der Does, co-founder and CEO of Adyen. "There’s a lot happening in the Middle Eastern market, and we’re excited to be a part of it."

About Adyen
Adyen (AMS: ADYEN) is the payments platform of choice for many of the world’s leading companies, providing a modern end-to-end infrastructure connecting directly to Visa, Mastercard, and consumers’ globally preferred payment methods. Adyen delivers frictionless payments across online, mobile, and in-store channels. With offices across the world, Adyen serves customers including Facebook, Uber, Spotify, Casper, Bonobos and L’Oréal. The opening of new offices as described in this press release underlines Adyen’s continuous growth across geographies over the years.

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PR Newswire

Hexindai to Hold Annual General Meeting on December 16, 2020

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BEIJING, Nov. 6, 2020 — Hexindai Inc. (NASDAQ: HX) ("Hexindai" or the "Company"), a mobile e-commerce and consumer lending platform in China, today announced that it will hold an annual general meeting of shareholders (the "AGM") at the Conference Room, 5th Floor, Block C, Shimao, No. 92 Jianguo Road, Chaoyang District, Beijing 100020, People’s Republic of China, at 10:00 a.m. (Beijing Time) on December 16, 2020. Shareholders listed in the register of members of the Company at the close of business on November 6, 2020 (Cayman Islands Time) are entitled to receive notice of, attend and vote at, the AGM or at any adjournment that may take place. Beneficial owners of the Company’s American Depositary Shares ("ADSs") who wish to exercise their voting rights for the underlying ordinary shares which are represented by their ADSs must act through Citibank, N.A., the depositary of the Company’s ADSs, and should give voting instructions to Citibank, N.A. accordingly.

Copies of the notice of AGM, which sets forth the resolutions to be proposed to and voted upon by the shareholders, the proxy statement and the Company’s annual report on Form 20-F for the fiscal year ended March 31, 2020 are available on the Investor Relations section of the Company’s website at http://ir.hexindai.com/ and on the SEC’s website at www.sec.gov.

About Hexindai Inc.

Hexindai Inc. (NASDAQ: HX) ("Hexindai" or the "Company") is a mobile e-commerce and consumer lending platform based in Beijing, China. The Company collaborates with brands both online and offline to offer high-quality and affordable branded products through its new form of social e-commerce mobile platform and facilitates loans to meet the increasing consumption needs of underserved prime borrowers through its online consumer lending marketplace. Hexindai’s strong user acquisition capabilities, cutting-edge risk management system, and strategic relationships with respected financial institutions allow the Company to generate higher customer satisfaction, reliance, and realize fast growth.

For more information, please visit http://ir.hexindai.com/

For investor inquiries, please contact:

Hexindai

Investor Relations
Ms. Zenabo Ma
Email: ir@hexindai.com

Christensen

In China
Mr. Eric Yuan
Phone: +86-10- 5900-1548
E-mail: Eyuan@christensenir.com

In US
Mr. Tip Fleming
Phone: +1-917-412-3333
Email: tfleming@Christensenir.com

Related Links :

http://ir.hexindai.com/

PR Newswire

More than 350,000 brands and sellers to join Lazada’s 11.11 Shopping Festival

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Biggest One-Day Sale event provides opportunities for businesses and brings non-stop happiness to Southeast Asia’s consumers

SINGAPORE, Nov. 3, 2020 — Lazada, the region’s leading eCommerce platform, kicks off this year’s 11.11 Shopping Festival with more than 350,000 brands and sellers across Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam joining its Biggest One-Day Sale. Thousands of new brands will also participate in Lazada’s highly anticipated shopping event for the first time this year.

Celebrating the eighth edition of its annual big show, Lazada is reinvigorating its 11.11 Shopping Festival with attractive promotions, exclusive deals, rewards, and exciting Shoppertainment content to bring non-stop happiness to 80 million consumers who have embraced eCommerce as part of their daily purchasing routine this year. The event will also play an important role in helping to revive many businesses following the disruptions caused by the pandemic.

"This has been a pivotal year for many businesses, and 11.11 will be a new experience for many who have embarked on the eCommerce journey. These year-end mega shopping festivals will be opportunities for brands and sellers to acquire new customers and boost their sales performance," said Lazada Group’s Chief Executive Officer, Chun Li.

Products and promotions will vary by country.
Products and promotions will vary by country.

In the last six months, Lazada has seen a sharp increase in new brands including Isetan, Under Armour, Swatch and Castrol join LazMall to give their retail mix a digital overhaul, and more businesses from the F&B, hospitality, recreation and personal service sectors adopting an omnichannel approach.

Consumers can also look forward to a wider assortment this 11.11, with leading international brands including Lancome, Marks & Spencer, Miniso, Swatch, and TopShop participating in Lazada’s 11.11 for the first time this year. Over 70 brands including 3M, Adidas, Kiehl’s, Lego, Pampers, Philips, Polo Ralph Lauren and Xiaomi have also partnered with Lazada to create a visually fun brand showcase, featuring signature and loved products from their exclusive 11.11 catalogue this year.

Products and promotions will vary by country.
Products and promotions will vary by country.

Adding to this year’s 11.11 celebrations, consumers will also be able to enjoy a little stardust from Lazada’s first regional brand ambassador, popular Korean superstar Lee Min Ho. He has joined the Lazada family to spread happiness with his encouraging personality and put a smile on fans’ faces as they shop for their favourite brands and products.

Local brands take centerstage, powered by Lazada’s technology and logistics infrastructure

From Prism+ in Singapore, Signature Markets in Malaysia to Wardah in Indonesia, homegrown local brands take centerstage as Lazada promotes the development and sustainability of young brands, some who have only made the online switch this year, to take on their first 11.11 shopping festival with Lazada.

In support of over 150,000 local brands and sellers in our markets, Lazada extended stimulus packages offering cash funds to subsidise start-up costs, and helped small-and-medium enterprises (SMEs) optimize cash flow by partnering with financial institutions. Being able to leverage Lazada’s technology and logistics infrastructure boosted the operational capabilities of local businesses from agri-farmers in Malaysia and the Philippines, to artisanal craftsmen in Thailand and Vietnam, and helped them diversify their revenue source.

Lazada’s logistics network covers six countries across Southeast Asia and is ready to handle peak-time order volumes. This network, which includes over 15 warehouse facilities, over 400 sortation centres and hubs and is supported by 45 logistics partners, is ready for volumes from domestic and cross-border sales of over 30 times the norm this 11.11 season. In addition, Lazada is expecting its logistics fleet to see a 25% increase in mileage fulfilling orders this 11.11, compared to last year.

"Our data-driven technology and smart algorithms enhance the user experience by improving product relevancy and buyer-seller matching, helping our sellers achieve better results," said Li. "Each 11.11 sets a new benchmark for our technology and logistics infrastructure to deliver the best service to our customers – this year will be no different as we prepare to serve even more buyers and sellers."

Consumers enjoy vouchers, promotions and deals through new Shoppertainment features

Besides an improved browsing and product discovery experience, shoppers can anticipate benefits including over 200 million deals with maximised value and free shipping where available. With over 700 million vouchers offering discounts of 10% off or more, there will be at least eight vouchers available for each of Lazada’s active consumers.

"We are grateful for the support of our local businesses and international brands for choosing Lazada for this annual big show. The Lazada team believes we have a duty to help consumers find lighthearted joy and spread happiness with family and friends, especially right now," said Jessica Liu, Co-President and Regional Head of Commercial, Lazada Group. "With that spirit, we will have the most attractive promotions and deals at the lowest prices, together with non-stop entertainment like LazGames and livestreams."

Fans of LazGames can also play Happy Bounce, Lazada’s newest game, where shoppers can navigate a cute "Kitten" avatar through different levels by swiping left and right to collect Lazada coins and vouchers. Almost USD2 million worth of rewards from over 5,000 brands and sellers are up for redemption. Shoppers can also earn extra points to access more deals by inviting friends to join the game. Coins earned through LazGames can now be converted to vouchers to make purchases on the platform.

Lazada’s signature 11.11 Super Show – country-hosted concerts featuring local celebrities and performers – will also take the stage on the eve of 11 November. Consumers will also have the opportunity to win exclusive vouchers through various interactive segments, such as Balloon Rain, Voucher Rain and Shake It!, which will be localised in each market.

About Lazada Group 

Founded in 2012, Lazada Group is the leading eCommerce platform in Southeast Asia. We are accelerating progress in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam through commerce and technology. With the largest logistics and payments networks in the region, Lazada is a part of our consumers’ daily lives in the region and we aim to serve 300 million shoppers by 2030. Since 2016, Lazada has been the Southeast Asia flagship platform of Alibaba Group powered by its world-class technology infrastructure.

Media Contact:

Sherwin Loh

Fiona Heng

WE Communications on behalf of Lazada Group

sherwin.loh@lazada.com 

fiona.heng@lazada.com

WE-Lazada@we-worldwide.com

 

 

PR Newswire

Vipshop Appoints Co-Chief Technology Officer

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GUANGZHOU, China, Nov. 2, 2020 — Vipshop Holdings Limited (NYSE: VIPS), a leading online discount retailer for brands in China ("Vipshop" or the "Company"), today announced the appointment of Mr. Pengjun Lu as the Co-Chief Technology Officer of Vipshop, effective immediately.

"We are delighted to have Pengjun join us as the Co-Chief Technology Officer of the Company," said Mr. Eric Shen, Chairman and Chief Executive Officer of Vipshop. "Pengjun brings with him extensive experience in big data and personalization in China’s internet industry. We believe his expertise and leadership will enable us to enhance our technological capabilities, further improving the customer experience on our platform."

Prior to joining Vipshop, Mr. Pengjun Lu served as the Chief Technology Officer of JOYY Inc. (formerly known as YY Inc.) (NASDAQ: YY) from March 2018 to September 2020, where he led the technology department and certain business units. From September 2014 to March 2018, Mr. Lu served as the general manager in charge of search advertising and the chief architect of the infrastructure team at Baidu Inc. (NASDAQ: BIDU). From July 2006 to September 2014, Mr. Lu worked at Google, most recently as a staff engineer in charge of the Shanghai advertising back-end team, and received the Google Founders Award for the QueST project. Mr. Lu received a master’s degree in computer science and technology from Fudan University, and a bachelor’s degree in computer science and technology from Wuhan University.

About Vipshop Holdings Limited

Vipshop Holdings Limited is China’s leading online discount retailer for brands. Vipshop offers high quality and popular branded products to consumers throughout China at a significant discount to retail prices. Since it was founded in August 2008, the Company has rapidly built a sizeable and growing base of customers and brand partners. For more information, please visit http://www.vip.com.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as Vipshop’s strategic and operational plans, contain forward-looking statements. Vipshop may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Vipshop’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Vipshop’s goals and strategies; Vipshop’s future business development, results of operations and financial condition; the expected growth of the online discount retail market in China; Vipshop’s ability to attract customers and brand partners and further enhance its brand recognition; Vipshop’s expectations regarding demand for and market acceptance of flash sales products and services; competition in the discount retail industry; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Vipshop’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Vipshop does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

 

Related Links :

http://www.vip.com

PR Newswire

Nike And Lazada Partner To Serve More Consumers In Southeast Asia

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Lazada and Nike will help drive digital expansion and widen accessibility of Nike product innovation and design in the region

SINGAPORE, Nov. 2, 2020 — Nike and Lazada, Southeast Asia’s leading eCommerce platform, are teaming up to serve more consumers across the region with direct access of Nike innovation and design assortment through Lazada’s online commerce platform.

Nike will directly retail to consumers across five countries in Indonesia, Malaysia, the Philippines, Singapore and Thailand through the Nike LazMall Flagship Store. Nike will also leverage Lazada’s fulfillment and logistics capabilities, ensuring consumers will benefit from the reliability and speed of the platform’s advanced delivery network. 

"This venture enables us to consistently offer product accessibility, enjoyable shopping experiences and a wide variety of innovation and design to our regional consumers in line with our digital growth," says Ken Yamada, GM, Nike Direct Digital Commerce, Southeast Asia and India.  "At the same time, this marketplace experience will be complementary to Nike.com and our existing strategic partnerships to enrich our offerings and choices for consumers within the Nike digital ecosystem."

The initial phase will give consumers access to a wide variety of Nike products online – from footwear to apparel and equipment for men, women and kids. In addition, consumers will enjoy great deals, free shipping and returns within 15 days. The assortment will continue to evolve to cater to the unique tastes and needs of consumer in each market.

"Lazada is proud to serve as Nike’s online retail partner for Southeast Asia, where LazMall is the region’s leading premium brand shopping destination trusted by consumers," said Jessica Liu, Co-President and Regional Head of Commercial, Lazada Group. "We look forward to working closely with the Nike team to expand their presence in the region by directly connecting them with more consumers and elevating the customer experience through our data-driven technology and advanced logistics capabilities. Lazada consumers across Southeast Asia will be delighted to have first-hand access to a wide assortment of Nike’s world-renowned designs, especially in the upcoming 11.11 shopping festival."

The new collaboration between Nike and Lazada has kicked off in the Philippines, Indonesia, Malaysia and Singapore, and will be made available in Thailand soon.

Follow Nike’s LazMall Flagship Store for the latest news and updates: https://www.lazada.sg/shop/nike/.

About Lazada Group 

Founded in 2012, Lazada Group is the leading eCommerce platform in Southeast Asia. We are accelerating progress in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam through commerce and technology. With the largest logistics and payments networks in the region, Lazada is a part of our consumers’ daily lives in the region and we aim to serve 300 million shoppers by 2030. Since 2016, Lazada has been the Southeast Asia flagship platform of Alibaba Group, powered by its world-class technology infrastructure.

Media Contacts

Natasha Chang

Tiffany Low

WE Communications on behalf of Lazada Group

AKA Asia on behalf of Nike

+65 8511 9196

+65 9118 1074

WE-Lazada@we-worldwide.com

tiffany@aka-asia.com

 

PR Newswire

Daraz Launches 11.11 Sale in South Asia

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Daraz Launches 11.11 Sale for the Third Consecutive Year With Leading Brands and Local Entrepreneurs

KARACHI, Pakistan, Nov. 1, 2020 — Daraz, South Asia’s leading online shopping platform, is all set to launch its annual 11.11 sale for the third year in a row and bring the largest shopping festival in the world to our five South Asian markets including Pakistan, Bangladesh, Sri Lanka, Nepal and Myanmar. Invented by Alibaba CEO Daniel Zhang, 11.11 has evolved from a China-only "singles day sale" to now the largest "Global Shopping Festival" celebrated in many countries across the world and surpassing Black Friday, Cyber Monday and Year-End campaigns combined in sales volume.

The sale not only features more than 1800 global and domestic brands, but also Daraz’ large seller base of more than 150,0000 registered sellers – all ready to offer great deals and discounts to our customer base. The 11.11 sale is not restricted to just the average discounts that are given to the customer in every other sale. It is unique and different in every aspect. Users can avail Daraz wallet cashback, make use of the 11 O’clock deals, play the one-rupee game and take part in Mission 11.11 to win exciting prizes. All of this is expected to attract more than 7 million users to visit our platform during the day of 11.11.

Apart from the exclusive brand product launches, brand partnerships and payment partners, Daraz as a platform aims to boost the economic activity post the COVID pandemic. 11.11 comes at a time when most economies and its people are facing significant challenges. The 11.11 Shopping Festival not only offers our sellers the chance to make a recovery and boost their sales, but also allows those customers affected by the pandemic the most a chance to get their necessities and favorite products at the lowest prices. This includes offers from our most valued brand partners and sponsors including RB, Nestle, Realme, Bata, Haier, Samsung and a lot more.

Group CEO, Bjarke Mikkelsen, spoke about how Daraz is taking steps to ensure that we’re playing a larger role for the society in these troubling times. "There are many businesses which suffered during these unprecedented times in our markets. This sparked a realization, stronger than ever before, regarding the importance of a digital presence. Slowly and steadily, everything around us is becoming digitalized. We have a platform that allows us to help the society by creating employment opportunities through on-boarding sellers, as well as by providing customers access to millions of products from the palm of their hands. Daraz empowers businesses to step into the online world while simultaneously catering to the changing customer needs." 

We are excited to announce lowest prices on products and most brands in one place during 11.11 with more features than before. We invite all users to check out our new platform services including shopping, gaming, travel bookings, bill payments and many more.

Media Contact:
Pireh Shafiq
Email: pireh.shafiq@daraz.pk

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PR Newswire

Banggood Kicks Off 11.11 Global Shopping Festival with $1 Pre-sale Deposit Offer

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GUANGZHOU, China, Oct. 30, 2020 — Banggood, a leading cross-border e-commerce retailer, officially kicked off its 11.11 Global Shopping Festival on October 28. To accompany the Shopping Festival, Banggood has launched a number of innovative offers and mini-games to bring users a richer and more enjoyable shopping experience, including its new Price Storm pre-sale deposit feature, which will continue until Black Friday. Banggood has also united influencers and internet celebrities from different regions through a series of live broadcasts, in order to reach a larger global audience and spread the joy of shopping festivals.

Banggood’s Price Storm feature allows users to make a $1 deposit to grab the lowest price and secure their purchase ahead of the 11.11 Global Shopping Festival. From 4:00PM (UTC+8) on November 2 to 3:59PM (UTC+8) on November 10, users can pre-order sale products by paying a deposit of $1 or $3. After putting down their deposit, users enjoy a cash discount, which will be credited when the balance payment is made, and the final payment is due between 4:00PM (UTC+8) on November 10 and 4:00PM (UTC+8) on November 12. Users who have made a deposit will see their pre-order and outstanding balance under the "My Reserved" section, with a reminder to pay before the end of the Shopping Festival.

"Customer experience and creating genuine, sustainable value for customers have always been crucial components of Banggood’s development strategy. We have introduced our pre-sale deposit feature to sufficiently prepare in advance and bring users a better shopping experience. With the pre-sale deposit, Banggood can expedite the dispatch and delivery process, so that customers can receive and use the products they have purchased as quickly as possible," said Qin Peng, Banggood’s Chief User Experience Officer.

In addition to the pre-sale deposit, Banggood will be offering advance purchase for VIP Club members with an exclusive membership discount. Typically falling on the 9th of every month, Banggood will use November’s VIP Day as an opportunity to reward members with advance purchase opportunities ahead of the 11.11 Global Shopping Festival — giving VIPs first access to the widest range of products at the best price. Banggood will also introduce member-only offers worth millions of US dollars and shipping coupons for VIP customers to give them the ultimate shopping experience. Banggood’s VIP Program has been updated with more valuable benefits for the members. Click here for latest information about Banggood’s VIP Club.

Banggood will be bringing back its much-loved Banggood Live for the 11.11 Global Shopping Festival, with a dedicated Banggood Live section on the website and APP. The massive event will see more than 80 celebrities from over 20 countries live streaming and interacting with users, with more thousands of products across 100 brands showcased during the 48-hour event. In addition to gaining a deeper understanding of products they are interested in through the host’s product experiences, live unboxing events and more, users will receive exclusive coupons during the live stream that can be redeemed whilst watching the broadcast. Last but not least, Banggood has prepared $10,000 gifts, which will be distributed to users between November 10 and 12.

Benefits of the sale are not constrained to the mentioned above. 10% off site-wide coupons are available by downloading Banggood APP through Huawei App Galley. Stay tuned with Banggood and Huawei’s social media to get the latest news.

About Banggood

Founded in 2006, Banggood is a leading e-commerce company running its website www.banggood.com and pages on other platforms to offer tens of millions of registered users more than 500,000 types of products, covering from consumer electronics to clothing. Banggood is headquartered in Guangzhou, China, the city of the supply chain, with a global reach in North America, Europe, Asian Pacific, South America and the Middle East. For more information, please visit: https://www.banggood.com/aboutBanggood.html

Media Contact
Zoeh Zheng
Phone: +86-134-5028-6595
Email: pr@Banggood.com

 

Related Links :

https://www.banggood.com

PR Newswire

ALL – Accor Live Limitless has five priceless “second-hand” football jerseys to win, worn yesterday by Paris Saint-Germain players in their European match

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#TheSecondHandNewJersey

PARIS, Oct. 30, 2020 — Which fan hasn’t dreamed of wearing his/her favourite football player’s actual personal jersey? Thanks to ALL – Accor Live Limitless, official principal partner and jersey sponsor of the Paris Saint-Germain, this dream can come true. To give Paris Saint-Germain supporters all over the world a priceless experience, ALL – Accor Live Limitless, the new daily lifestyle companion of the Accor Group, has five jerseys from Paris Saint-Germain players up for grabs. They are the brand new third kit shirts for the 2020-21 season, worn* for the first time yesterday at their European match in Istanbul. These second-hand jerseys are unique and will be available to win on the famous second-hand fashion platform Vestiaire Collective here.

To view the Multimedia News Release, please click: https://www.multivu.com/players/uk/8805451-five-second-hand-paris-saint-germain-football-shirts-to-win/.

From today and until midnight on Monday 2nd November (French time), Paris Saint-Germain supporters can try and win the club’s 2020-21 third kit shirt, worn and signed by Neymar Jr, K.Mbappé, A. Di Maria, Marquinhos and P. Kimpembé. To have a chance, they must register on the Vestiaire Collective website and add their choice of shirt to their "wish list". This competition is international and accessible to all PSG fans around the world. It is available in 5 languages from the dedicated website page. Everyone has a chance to win!

The five winners will be picked at random on 3rd November and will be given their second-hand shirt in one of the Accor Group hotels around the world, where they will be invited to enjoy an unforgettable experience.

This activation reflects the shared ambition of Paris Saint-Germain and ALL – Accor Live Limitless to bring unique experiences to fans, reflecting a new vision of hospitality that goes beyond accommodation.

#TheSecondHandNewJersey
@all @psg

– *All the shirts worn and offered during this contest will be washed at 60°C before being given to the winners at least one week after the match, to avoid any risk associated with Covid-19.

Free competition, no purchase required. Terms and conditions available here.

More info on ALL – Accor Live Limitless and Vestiaire Collective : click here

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ALL - Accor Live Limitless, official principal partner of Paris Saint-Germain, offers five extraordinary second-hand Paris Saint-Germain jerseys.
ALL – Accor Live Limitless, official principal partner of Paris Saint-Germain, offers five extraordinary second-hand Paris Saint-Germain jerseys.

 

 

Contact:
Agence Olivia Payerne | AOP pour Accor: contact@agence-op.fr

PR Newswire

Rokt closes US$80M Series D investment round as COVID-19 drives significant demand in e-commerce

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The tech leader sees a 42% increase in valuation in 2020, to more than US$450M

NEW YORK, Oct. 26, 2020 — Rokt, the global leader in e-commerce technology, today announced an investment of US$80M. The capital will help accelerate research & development and support the expansion of its client base into new verticals and geographies as Rokt continues to make e-commerce smarter, faster, and better.

The funding round was led by Rokt’s largest institutional shareholder TDM Growth Partners, and supported by other existing investors including Square Peg. In just this year alone, Rokt’s valuation has increased 42% to more than US$450M.

While the COVID-19 pandemic has shaken the foundations of corporations and startups alike, it has also created a strong market demand for e-commerce and in turn, for Rokt. Limited in-person shopping and rapidly changing consumer spending habits have led companies in all categories to accelerate their digital transformation, and e-commerce has deepened its foothold in daily lives.

"With the industry facing COVID-related challenges, brands need alternative revenue sources and acquisition channels," said CEO, Bruce Buchanan. "Rokt continues to be laser-focused on bringing value to the hundreds of e-commerce companies that rely on our technology to deliver top- and bottom line results, and will continue to drive innovation and deliver results that the market desperately needs," Bruce continued, "We are delighted for the investment and strategic guidance from our shareholders and look forward to continuing to deliver on our mission." 

"Despite the COVID-19 pandemic and the resulting uncertainty, we still have high conviction in market leading technology companies. Rokt is certainly one of these businesses. We are thrilled to increase our investment in Rokt and continue our partnership with Bruce and the business," said TDM partner, Tom Cowan.

The additional funding sets up a strong foundation for continued rapid growth of Rokt. Rokt closed their US$48M Series C investment round less than a year ago. Recently, they have invested in strengthening their leadership team, hiring an SVP of Marketing, a new Chief Technology Officer, and 3 additional executive appointments in the last 4 months. Their world-class technology was also recognized by the MarTech Breakthrough awards as the Best Use of AI in MarTech.

For more information about the companies, visit Rokt, TDM Growth Partners, and Square Peg.

ABOUT ROKT

Rokt is the global leader in e-commerce technology, powering the Transaction Moment™ of best-in-class companies including Expedia, Live Nation, Groupon, Staples, Lands’ End, Fanatics, GoDaddy, Vistaprint, and HelloFresh. Rokt’s mission: To make e-commerce smarter, faster, and better.

Through its proprietary technology, Rokt enables its e-commerce clients to increase brand engagement and unlock new revenues in the Transaction Moment™, allowing them to stay ahead of their competition while delivering a superior and individualized experience for each customer.

Founded in Sydney, the company now operates in the US, Canada, the UK, Ireland, France, Germany, the Netherlands, Denmark, Sweden, Norway, Finland, Spain, Australia, New Zealand, Singapore, and Japan. Learn more at rokt.com. 

ABOUT TDM. GROWTH PARTNERS

TDM Growth Partners is a global investment firm with offices currently in Sydney and New York.

TDM invests in fast growing companies run by passionate management teams. Our unique and flexible mandate allows us to invest in public and private companies globally.

TDM operates on long-term time horizons, and a commitment to help build businesses we’re proud of. We have a highly focused approach to investing, with a portfolio of no more than 15 investments globally. TDM has the ability to deploy capital up to $150 million per investment. https://www.tdmgrowthpartners.com/

ABOUT SQUARE PEG

Square Peg is a venture capital firm on a mission to empower exceptional founders. It invests in technology companies across Australia, Israel and Southeast Asia with a focus on Series A and B. Square Peg is investing out of its US$235 million 2018 fund and manages US$1 billion in capital commitments.
www.spc.vc

Rokt team virtually celebrates closing their Series D investment round amid the COVID-19 pandemic
Rokt team virtually celebrates closing their Series D investment round amid the COVID-19 pandemic

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Related Links :

http://www.rokt.com

PR Newswire

Ruten Japan Launches Single Day flash Sale everyday as low as 60% off with promotion code

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TOKYO, Oct. 26, 2020 — The Singles’ shopping festival is here, and Ruten Japan will launch the "Singles’ Day Flash Sale" event! In addition, during the event, limited members not only get free shipping over $50, but also $5 off by using promotion code at checkout. Event will begin from October 26th to November 11th for all 13 countries and regions* around the world. A new set of promotionial codes will be announced everyday at 11:00 GMT+9.

Ruten Japan Launches Single Day flash Sale everyday as low as 60% off with promotion code
Ruten Japan Launches Single Day flash Sale everyday as low as 60% off with promotion code

Ruten Japan’s CEO Yun Su said that the Single’s day shopping festival is considered a large-scale e-commerce festival in Asia. Many e-commerce platforms will hold various large-scale promotional activities on double eleven day to attract consumers’ attention and stimulate purchases on their platform. This year, Ruten Japan "Singles’ Day Flash Sale" will announce the promotional code of the day. Lucky contestants can immediately redeem the promotional code at checkout.

Other than the promotion code, the bestseller items on Ruten website and in Japan will be cheaper than the lowest market price during the Double 11 Day sales. Within the consecutive 17 days, the items of day will be presented in flash sale mode in order to get the best deal for Ruten’s customers. Ruten Japan’s customers get to enjoy the full and borderless shopping experience during this annual Double 11 Day sales.

The "Singles’ Day Flash Sale" includes items such as 3C appliances, Japanese Omiyage, toys & games, health products, cosmetics, fashion, household appliances, snacks, and etc. Minimum 60% off pop-up flash sale everyday starting today. Many best-selling products have also joined the ranks of the "Singles’ Day Flash Sale" shopping event. Specially recommended products  for this selection includes: Japan’s hot-selling Tokyo Campanella gift box at $37.67, Perfect Grade Unleash RX-7-8-2 Gundam Collectibles item at $3,751, Wakamoto health care product at $23.07, and etc.

Ruten Japan Single Day flash Sale URL:
https://en.ruten.co.jp/campaign/1111_EN

Ruten Japan:https://en.ruten.co.jp/

*Remarks: Ruten Japan ships to these destinations: Singapore, Hong Kong, Vietnam, Taiwan, Canada, New Zealand, United Kingdom, Indonesia, Macao, Malaysia, Philippine, Thailand and Korea.

Related Links :

https://en.ruten.co.jp/