Chinese fast-fashion online retailer Shein is exploring opening up its platform to other merchants. The juggernaut, now based in Sinagpore, said in a memo to investors it was exploring selling merchandise from third-party retailers in a move that would put it in direct competition with Amazon and Alibaba’s overseas operations, The Wall Street Journal reported. Founded in China in 2012, the...
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When JPMorgan Chase struck a $400 million deal to buy WePay in late 2017, it pledged that the Bay Area fintech would become “Chase’s payments innovation incubator in Silicon Valley,” helping the country’s biggest bank compete with surging startups Stripe and Square and payments companies like PayPal. But it didn’t all go to plan. As the bank tried to digest the...
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