He noted that “the older generation that couldn’t or is not willing to shop in stores is also adopting digital” - one of the chief reasons the adoption of eCommerce saw the acceleration it did as the COVID-19 pandemic began. Tsang argued that online sales no longer rely as much on younger shoppers who are more at home using the technology. He told PYMNTS’ Karen Webster that the shift to digital was accelerating, and predicted consumers’ shopping habits would be unlikely to revert to pre-pandemic norms in the future. PYMNTS spoke to PingPong managing director Kenny Tsang about the shift to digital commerce in the outset of the pandemic in 2020. After launching its IPO last week with an expected listing price range of 26 to 29 per share, cybersecurity company SentinelOne is going public tomorrow with some momentum behind it. Read more: How SMBs Could Edge Out eCommerce Giants This Holiday Season Based in Hangzhou, the company has more than 600 employees in the U.S., Europe and Asia. Sellers can use PingPong to manage multiple currencies through one secure platform.
More than a million merchants use PingPong for cross-border, supply and value-added tax payments, the company says on its website. Read more: Unicorn FinTech PingPong Lands eMoney Licenseįounded in 2015, the company collects payments for Chinese firms selling on platforms such as Amazon and Shopify. Revenue at the file-sharing platform rose 26 to 65m (55m, 75m) last year, while increasing by 64 to 45m in the first half of 2021, it said on Monday. It had reached $1.5 billion by the end of that year, around the same time PingPong received approval from regulators in Luxembourg to do business as an Electronic Money Institution (EMI). WeTransfer has revealed that its sales rose by more than a quarter during the coronavirus pandemic as it gears up for a potential stock market float. In 2020, the company achieved “unicorn” status, meaning its value rose above $1 billion. PingPong will also try to raise around $300 million in a pre-IPO funding round, the sources say, noting that the company is valued at $5 billion.
The company had considered listing on mainland China. 27) that the company is working with advisors on an IPO listing that could come to the Hong Kong markets this year. Sources told Bloomberg News Thursday (Jan. PingPong, a Chinese startup that helps eCommerce merchants make cross-border payments, is considering an initial public offering (IPO) to raise up to $1 billion.
0 kommentar(er)
