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Djko Grubhub, Uber, Postmates Lose Bid to Dismiss Antitrust Lawsuit by Diners
Shein is reportedly seeking approval from a Chinese regulator to go public in the United States.The online fashion company, which is based in Singapore and valued at $66 billion, filed with the regulator in November to comply with new listing rules for local firms, Reuters reported Friday Jan. 12 , citing unnamed sources.Shein did not immediately reply to PYMNTS request for comment.The decision could potentially delay Sheins plans to float on the stock market, due to a lengthy approval process with various Chinese regulators and potential increased scrutiny in the U.S., according to the report.Shein filed with the China Securities Regulatory Commission CSRC for the U.S. float, subjecting itself to Beijings new listing rules for Chinese firms going public offshore, the report said.Chinese listing rules implemented in March require local firms seeking offshore listings to make a filing with the CSRC and obtain clearance from domestic regulators, per the report. This process involves multiple authorities, potentially leading to more uncertainty due to their different priorities.Under the CSRC rules, if a company generates 50% or more of its operating revenue, pr stanley cup ofit, total ass stanley thermos ets or net assets in mainland China and conducts its main business activities in the country, it would be recognized as a Chinese company and subject to the new rules, according to the repor stanley polska t. Sheins reliance on a supply chain and manufacturers in China suggests that it may fall into this category.Shein Azvy Atom Bank Raises $36M, No Mention of IPO
Everybody talking and no one says a word, wrote John Lennon in his popular Nobody Told Me, song from 1984.Lennon, of course, wasn ;t talking about payments or commerce, but his lyrics sound a little like some of the criticism surrounding the payments innovation discussions when it comes to ensuring the industry follows a customer-centric model.Everybody saying they ;re focused on the customer, but are their actions backing up the claim Patrick Gauthier, Amazon Vice President of External Payments, doe stanley kaufen sn ;t think that 鈥?as a whole 鈥?payments and commerce leaders think with a customer-first mentality, which he said is really where the industry needs to be in order to matriculate true innovation. Instead, too many are driven by the industry lingo, too focused on creating the next big thing, and too often forgetting whom their voice is representing: the consumer and the merchant.Ouch.From Gauthiers perspective, the message is getting garbled up in the jargon of the industry 鈥?which he said has kept innovation from hitting the people its stanley usa intended to help: those using the services and buying the products aka, the consumer .Everybody will always say we start with the customer, etc., but then you hear it in the language. They use the lingo o stanley quencher f the industry 鈥?the language of the insiders, not the lingo the consumer would use. The consumer doesnt understand the lingo. The customer gets lost in that, Gauthie |
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