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Wish Sold to Asian Ecommerce Platform Qoo10 for $173 Million

Retail TouchPoints

“By combining our operating expertise and Wish’s technology and data science capabilities , we expect to drive greater success for merchants while providing an even greater marketplace for consumers globally.” followed by former #1 Shein.

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Report: Amazon Considering Peloton Acquisition as Fitness Company Seeks Profitability

Retail TouchPoints

He was CFO at Netflix from 1999 to 2010, putting him in a leadership role during the transition from mail-based distribution to streaming-based subscriptions. The company is aiming to achieve at least $800 million in annual run-rate cost savings through operating expense efficiencies and margin improvement in its Connected Fitness category.

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In the News: Recovery Grants From $1,000 to $100K Available to Small Businesses

Small Biz Trends

Businesses looking for help for debt repayment to renovations, operating expenses, lost revenue, and more can apply for grants from $1,000 to $100K. SBA Implores Americans to Shop Small on Small Business Saturday Small Business Saturday was founded in 2010 by American Express and officially co-sponsored by the SBA since 2011.

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Have Temu and Shein Thwarted Wish’s Hopes of a Comeback?

Retail TouchPoints

When it debuted back in 2010, Wish was the only game in town as far as manufacturer-direct discount shopping apps went. We have a lot of work ahead to further improve our business operationally, and our first steps are to rationalize corporate overhead and operating expenses,” said Yan in discussing the aforementioned planned job cuts.

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As-a-service may be more than you think

Cisco Retail

It was 11 years after the Webex SaaS model to AWS launching its first-generation IaaS (infrastructure-as-a-service), EC2 in 2006, with Google Cloud and Azure following closely in 2008 and 2010. For example, some people think that NaaS is just an operating expense model to pay for networking services like a lease.