News digest 17.05.2021

WHATSAPP WILL GRADUALLY STOP YOU CALLING OR MESSAGING CONTACTS IF YOU DON'T AGREE TO ITS NEW PRIVACY POLICY

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Users will only be able to respond to incoming messages via notifications and will not be able to write anything themselves. Then, after a few weeks, that function will be shut down for them as well.
Within 120 days the accounts will not be disabled so that users can adopt the privacy policy.
The update will come into force on 15 May.

BINANCE FACES PROBE BY U.S. MONEY-LAUNDERING AND TAX SLEUTHS

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U.S. officials have expressed concerns that cryptocurrencies are being used to conceal illegal transactions, including theft and drug deals, and that Americans who’ve made windfalls betting on the market’s meteoric rise are evading taxes.
As a result of the investigation, the Binance Coin token fell by 14% in 24 hours.

GOOGLE ANALYTICS IS CHANGING ITS APPROACH TO DATA TRACKING

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New privacy-focused tracking methods do not use the controversial FLoC technology that Google is already testing in Chrome, but rely on first-party data and machine learning.
New solutions are designed to help marketers succeed in a world with fewer third-party cookies and identifiers, introducing new ways of measuring conversions and obtaining important data.

TIKTOK BEGINS TESTING IN-APP SHOPPING TO CHALLENGE FACEBOOK

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TikTok tests social-commerce functions in several European countries, including the UK.
The company has already tested online purchasing in partnership with Walmart and Shopify, but then buyers moved from application to company sites. This time TikTok wants to keep users inside their ecosystem.

EBAY TAPS INTO NFT FRENZY, ALLOWS SALE ON PLATFORM

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EBay will add new tools for sellers who meet the standards of the site "in the coming months".
The retailer is also considering accepting payments in cryptocurrency.

INDONESIA RETAIL SALES DOWN 14,6 PERCENT IN MARCH

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Retail sales in Indonesia fell at a slower pace of 14,6% on annual basis in March, compared with an 18,1% fall in February.
Bank Indonesia, which had forecast a 17,1% drop in sales in March, is predicting a 9,8% increase in April.

CHINESE PRODUCTS GET PULLED FROM AMAZON

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Several leading Chinese vendors have disappeared from Amazon in recent days. The company accuses them of violating website policy, pointing out problems of authenticity of goods and reviews.
For Amazon, that’s a big loss. Chinese traders accounted for 75% of the new sellers in January 2021, compared to 47% the year before.

GREAT SINGAPORE SALE LOOKS TO CASH IN ON OMNICHANNEL EXPERIENCE VIA LAZADA TIE-UP

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Singapore Retailers Association (SRA) has named Lazada its official eCommerce partner for the Great Singapore Sale (GSS) 2021.
Through the partnership, SRA said its members on LazMall can tap on the daily traffic that Lazada garners, along with the suite of marketing solutions available to increase visibility while appealing to shoppers.

FLIPKART IN TALKS TO RAISE $1 BILLION AHEAD OF IPO

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Indian e-commerce giant Flipkart has hit the market to raise about $1 billion at up to $30 billion valuation in a pre-IPO financing round.
In recent months, the company has also internally discussed pushing its public listing timeline to early next year.

ADIDAS AND NIKE CHINESE SALES PLUMMET FOLLOWING BOYCOTTS OVER XINJIANG STANCE

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The two giant brands suffered over the Xinjiang stance on cotton.
In April, sales of Adidas on Tmall, China’s largest ecom site owned by Alibaba Group, fell by 78%. Nike’s online sales declined by 59%.

AMAZON BORROWS $18.5 BILLION, IT DOESN’T NEED IN NEW DEBT SALE

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The American retailer Amazon held a bond placement for $18.5 billion. The term of circulation of the longest debt paper will be 40 years.This was the largest sale of Amazon's debt securities in the company's history.
The funds raised by the company will be used for general corporate purposes, including environmental and social projects. Previously, Amazon had planned to raise about $15 billion.

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