the news not to be missed this summer

YAHOO MAIL launches Shopping Saver, a tool for finding gift cards and discount codes in your inbox. With Shopping Saver, Yahoo Mail users can now easily access gift cards and discount codes, simplifying their online shopping experience. Benefits are grouped and highlighted in inboxes and message drafts, allowing users to quickly spot potential savings opportunities

INSTACART Files initial public offering (IPO) request in the United States, announcing full-year 2022 revenues up 39% year over year to $2.55 billion, with net income of $428 million, compared to a loss of $73 million in 2021. In addition, revenues in the first half of 2023 increased 31% year over year to $1.48 billion. INSTACART has been led by the French Fidji SIMO since 2021.

Next, food delivery startup SWIGGY, valued at $10.7 billion in 2022, is planning an initial public offering (IPO) in 2024, after pausing the process for several months due to unfavorable markets.

BNPL Specialist (Buy Now, Pay Later) TO ASSERT announces fourth-quarter revenue growth of 22 percent over the prior year to $446 million, well above analyst expectations. However, net losses increased 11% to $206 million. Gross Merchandise Volume (GMV) grew 25% to $5.5 billion.

SHEIN acquires approximately 33% of Sparc, parent company of Forever 21, and Sparc acquires a minority stake in Shein. This collaboration allows Shein to sell Forever 21 items and operate within its stores.

WALMART cooperates with WING, a subsidiary of Alphabet (parent company of Google), to test drone delivery over distances of up to six miles (about 9.7 kilometers) at two Dallas-area stores. These drones will deliver food and household essentials.

TICK TOC plans to ban links to e-commerce sites like Amazon, to trick users into shopping through the TikTok Shop. In the US, TikTok Shop is expected to post losses of more than $500 million in 2023.

Since October 2023, AMAZON plans to levy a new 2% per-sale fee on merchants who self-manage the shipping of their products. This fee will be in addition to the approximately 15% commission they already pay to the platform.

AMAZON is taking steps to remove or reduce packaging from its products in an effort to speed deliveries, reduce costs and meet its climate goals

AMAZON has decided to eliminate many of its in-house brands, including the apparel and home furnishings sectors, in an effort to avoid regulators and boost its profits. While Amazon confirms its ‘Basics’ range will remain a priority, the company has nonetheless made drastic cuts, saving just three of its 30 clothing brands, such as Goodthreads and Lark &​​Ro.

AMAZON reported second-quarter revenue of $134.4 billion, up 11% year over year, with net income of $6.7 billion, a sharp contrast to reported $2 billion net loss in the second quarter of 2022. The AWS (Amazon Web Services) segment saw its sales increase 12% year-over-year to $22.1 billion.

ANYCOMMERCE (formerly WYND) has implemented its collection software, AnyPOS, in all Chronopost partner shops. This system allows you to process large amounts of transactions, AnyPos has already recorded more than 2000 transactions per day in a month since its installation. This partnership is underlined by Bercy to illustrate its “I choose French Tech” program which aims to encourage large groups to adopt the solutions developed by French start-ups.

The ecommerce marketing company KLAVIYO filed for an initial public offering (IPO) in the United States and reports first half 2023 revenues of approximately $321 million, compared with approximately $208 million in the prior year, as well as net income of $15.2 million dollars, compared to a net loss of $24.6 million a year prior.

JD.com reported second-quarter revenue up 7.6% year over year to approximately $39.7 billion. Retail sales recorded less growth, rising 2.5% year over year, well below forecasts of 4.5%.

ALI BABA announced a 14% year-over-year increase in first-quarter revenue to approximately $32.3 billion. The company’s net income grew significantly 51% year over year to approximately $4.7 billion. This positive performance is partly explained by the return to growth of its main domestic e-commerce unit.

ADYEN announced a net profit for the first half of 2023 up 21% compared to the previous year, reaching 739.1 million euros, a figure lower than the estimates which had projected 754 million euros. Reported EBITDA was €320 million, also below forecasts of €365 million. Despite these results, the company justifies hiring 551 new employees. Following these announcements, the action ADYEN.AS recorded a significant decline of more than 35%.

BUY announced second-quarter revenue of $1.7 billion, up 31% year-over-year. The company reported operating income of $146 million, compared with a $42 million loss a year earlier. Gross Merchandise Volume (GMV) increased 17% year over year to $55 billion.

HISL reported a 7% increase in second-quarter revenue of $7.3 billion and an 11% increase in total payments volume of $376.5 billion compared to last year. However, operating margin was 21.4%, lower than forecast of 22%.

To support its cash flow MIRACLE signs a 100 million euro loan with five banks. The startup raised $555 million in 2021 in Series E at a valuation of more than $3.5 billion. MIRAKL had an annual ARR of $135 million in 2022.

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