Line Man Wongnai, Thailand's food delivery giant, backed by giants like GIC and Z Holdings, contemplates a 2025 IPO possibly in Thailand and the US. The company's worth surpasses $1B.

About You Holding SE, a Hamburg-based e-commerce company, saw sales of €1.94B, up 1.6% YOY. Adjusted EBITDA improved significantly, reaching €3.2M after a loss of €137M last year. The net loss reduced to €112.2M, nearly halving the previous year's €229M.

Coupang, a South Korean e-commerce giant, saw its net income drop dramatically in Q1 2024, from $91M to $5M, largely due to its recent acquisition of luxury retailer Farfetch. Excluding Farfetch, net income would have been $98M.

Zalando's first-quarter sales of $2.37M mark a minor drop but show promise of recovery with a net loss improvement from $41.4M to $9.6M. Strong B2C and B2B growth highlighted by a 1.3% margin in adjusted EBIT.

At the 2024 Stripe Sessions in San Francisco, Stripe introduced 50+ new features to enhance payments processing and fight fraud, having processed over $1 trillion last year.

Despite a slight drop in sales, Wayfair impresses with a $107M cut in losses and a 3% rise in customer numbers, indicating strong resilience and strategic staffing reductions.

Frasers Group has bought the intellectual property (IP) of Matches, including the brand name and database, and licensed it back to the administrators, aiming to continue its operations and potentially sell off assets.

Global Fashion Group (GFG) reported a significant 21% drop in sales for Q1 2024, earning 153M USD. Adjusted EBITDA also fell to 17.3M USD despite improvements in gross margin. The company maintains its forecast, expecting a currency-adjusted decline in NMV of 5-15%.

Ted Baker, a British fashion brand, is expected to close several stores in the Netherlands and Belgium. This comes after its European partner AARC failed to meet financial obligations, affecting 19 total locations. Authentic Brands Group ended its partnership with AARC in February 2024.

Amazon's Q1 2024 revenue reached $143.3B, driven by AI and advertising. AWS revenue hit $25B, with net income tripling to $10.4B. CEO Andy Jassy sees huge potential in AI and plans to increase capex for AWS growth.

Schibsted buys 9.99% of FINN from Polaris for NOK 2.5B, enhancing control. Polaris gains Schibsted shares. The transaction involves issuing new Schibsted B-shares based on Oslo Stock Exchange's VWAP. The seller is restricted from selling shares for 90 days post-transaction. Carnegie AS advises Schibsted financially; Advokatfirmaet Wiersholm AS provides legal counsel.

Klarna joins forces with Uber in the USA, Germany, and Sweden, introducing the groundbreaking "Pay Now" feature, aligning payments with salary cycles. This strategic move not only broadens Klarna's service spectrum beyond its traditional online retail domain but also positions it favorably amidst pre-IPO speculations, fostering growth aspirations.

Getir, once valued at $7.5 billion, faces closure as its key investor withdraws support. A potential merger with competitor Flink is on the table.

Rebag launches Rebag+, charging $50/month or $500/year, converting into store credit, with perks like free shipping and returns. CEO Gorra aims to boost sales, targeting dormant customers, amid a "deceleration" in growth.

AliExpress, a Chinese e-commerce giant, increased its South Korean subsidiary's capital by $24.2M on April 24, marking the largest capital boost since its 2023 setup.

Finmid, based in Berlin, leverages its embedded fintech solution to empower SMBs with more financing options directly through digital marketplaces. Recently, they raised $24.7M in Series A funding, with a valuation reaching $107M.

Fy! has strategically acquired Trouva, marking its third change of hands in two years. The deal comes as both companies aim for profitability in a tough economic climate.

Deliveroo Plc celebrates a 2% order growth to 73.5M in Q1, with a notable performance in international markets. Meanwhile, Just Eat reports a dip in orders, reflecting ongoing challenges in the sector.

Getir debates leaving Germany as it faces dwindling sales and presence. Urgent restructuring talks in Istanbul could lead to major market exits by May 2024, affecting jobs and operations.

Amid survival struggles, Superdry announces a delisting plan from the stock market, focusing on restructuring without closing stores.

Shein's persistent interest in acquiring Topshop highlights its strategic moves in the fashion industry. Asos, grappling with losses, considers the sale vital for financial recovery.

Amidst volatile stock fluctuations, Amazon employees express dismay over lower future pay projections, sparking internal debates and official responses.

Guesty, a platform streamlining online property management, secures $130M in Series F, eyeing profitability in 2024. Post-money valuation now stands at $900M.

Asos, once a pioneer in online retail, is grappling with a 20% decline in sales, fierce competition from Shein and Temu, and a changing business model.

OTTO's GMV hit $7.05B in 2023 with a 2% increase, despite a retail downturn. The online marketplace now hosts over 6,500 partners, expanding its EU network.

As Richemont seeks a buyer for Yoox Net-a-Porter, potential suitors including Mytheresa and BestSecret emerge, despite YNAP's continuous financial challenges and a fine by Italy's antitrust agency.

Despite aspirations for a stock market debut, Swiggy grapples with a $200M loss and a hefty $500M loss for the fiscal year 2022-23. The food giant, valued at $10.7B, eyes recovery by cutting costs.

Alibaba decided to scrap Cainiao's IPO, eyeing to acquire the remaining 36% for $3.75B, valuing Cainiao at $10.3B. Amid China's tech downturn, Alibaba bets big on logistics.

In a bold move to promote sustainable fashion, Depop has eliminated its 10% seller fee for UK listings. The company's CEO, Kruti Patel Goyal, highlights this shift as a boost for the resale economy, aiming to empower sellers and enrich the platform's community.

Reddit's leap into the IPO sphere is not just about numbers; it's about community. With plans to raise up to $748M by selling 22M shares priced between $31-$34, 8% of these shares are earmarked for users based on karma. 2023 saw revenue hit $804M, up 21% from 2022, signaling robust growth and a closer bond with its user base.

Elliott, known for its ambitious investment strategies, hits a brick wall with Currys, as its £742M bid gets the cold shoulder. With the door now closed on immediate advances, Elliott's pursuit comes to a standstill, affecting Currys' stock negatively.

Prescient AI's innovative AI platform promises eCommerce brands like Good American and Eight Sleep a revolutionary way to optimize ad spend, boasting significant ROAS increases and revenue growth. With $10M Series A funding, it's on a hiring spree to expand its already impactful team.

Swedish payment giant Klarna has been slapped with a hefty $733K fine by a court for GDPR violations, concerning the clarity and accessibility of their privacy notes during March-June 2020. The company's reaction and next steps remain awaited.

Allbirds, amid a turnaround, announces a CEO change and store closures, aiming for revival. As Joe Vernachio steps up, the brand eyes growth despite a nearly 15% revenue drop in 2023, and shares below 75 cents from a $26 high.

Depop sellers have been experiencing payment delays due to a technical issue, with reports of payments being pushed back daily without explanation. The issue, linked to Depop's automated payout system, has been resolved, with Depop apologizing and promising swift payouts.

Frasers Group's abrupt exit from Matchesfashion reveals deep troubles in the luxury marketplace sector. Amid rising operational costs and shifting consumer preferences, the landscape for online luxury fashion retailers like Farfetch, YNAP, and Matches darkens, with Mytheresa now standing as the last beacon of hope.