Quitting to join a competitor and lying about it. Googling “clear computer data” to hide one’s digital tracks. Stuffing devices with stolen data into a locker during a police raid. Not exactly the hallmarks of professional corporate spies.
As part of its plea, UMC agreed to pay a $60 million fine and cooperate with the ongoing Justice Department investigation. This case stands at the center of the Trump administration’s “China Initiative,” a series of investigations designed to counter what the department calls “Chinese national security threats.”
Many things are taking place:
A game store owner takes on e-commerce, reluctantly - Marketplace
This week, we're looking at how small businesses have moved online during the pandemic. Monday we talked about all the ways a business can get into e-commerce. Today, we hear from one business owner navigating that world.
Kathleen Donahue is the owner of Labyrinth Games & Puzzles , an independent store in the Eastern Market neighborhood of Washington, D.C. She only sells analog games and puzzles — no electronics — so it might not be surprising that she was reluctant to sell online. Prior to the pandemic, the store was a real community hub, holding events such as kids' birthday parties, team-building sessions and game tournaments.
Marketplace for Indie Boutique Discounts Raises $40 Million
Investors are betting that consumer desire for discounted goods isn't going anywhere and are backing online boutique marketplace Jane with $40 million in new capital.
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The company is expecting to tally about $250 million in sales this year with plans to increase 20 to 30 percent next year, roughly the same rate of growth it saw in 2020.
This is Jane's first round of funding for the company, which is profitable, and it's one of the first things Noormohamed did when he took on the ceo role at Jane this past summer. He previously worked as an executive at Farfetch. The round is led by Tritium Partners, a private equity fund based in Austin, Tex. Among its past investments is coupon website RetailMeNot and furniture and home decor marketplace Chairish.
Digital Marketplaces Primed For Consolidation | PYMNTS.com
Investors have spent over $1 billion this year on buying up successful small businesses to try and create new digital conglomerates, according to the Financial Times .
They have targeted businesses that became successful through Amazon with the pandemic's digital shift all year, the report says, and the ideal model is a conglomerate in the mode of Unilever or Proctor & Gamble.
Independent merchants have turned like everyone else to the digital marketplace, with those on Amazon raking in over $200 billion in sales this year, according to analysts, with tens of thousands of them boasting revenues of $1 million in a year.
And here's another article:
Finally, some relief (probably) - Marketplace
Raynham Barrels & Boards restaurant opening marketplace, function hall
RAYNHAM — A year after opening, Barrels and Boards has plans to open a marketplace attached to the restaurant and a function hall.
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The B&B Market Place is expected to open sometime after Christmas at 1285 Broadway. It will have fresh, upscale quality meat and fish, bakery goods and grab-and-go meals for sale.
There are not many small markets in town or the area, so Barrels and Boards saw a need to open its own, Laghetto said.
Henry Charged With Aggravated Robbery After Gun Is Pulled During Facebook Marketplace Deal -
In an incident on Nov. 11, police said there was a robbery at 8201 Apison Pike. A man said he was to meet another man to sell him a Mac Book Pro. The deal was for around $2,100.
The man with the Mac Book said the deal was to have been at Dunkin Donuts in Ooltewah, but en route the man changed it to the Apison Pike location.
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Video was found showing a black Chevrolet Malibu at the robbery scene. That is the type car driven by Henry, Police said.
Time to ride, and buy: Peleton to acquire Precor - Marketplace
Peloton, the interconnected exercise equipment company known mostly for its pricey bikes, is acquiring Precor, a supplier of commercial fitness equipment in a $420 million deal.
This has been a big year for home exercise equipment, and Peloton has been a winner in this pandemic — sales have doubled. But that growth has come with supply chain issues, and this deal may be the answer to Peloton's problems.
Sridhar Tayur, an operations management professor at Carnegie Mellon University, said Peloton has a plan.
Happening on Twitter
If we all lived to like 800 or 1,000, people still in their first century would seem so cute. The world's children,… https://t.co/ErHNJC07KR waitbutwhy Mon Dec 14 17:33:21 +0000 2020
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