180
Fashion Jobs
SAMSOE
Account Manager no (Menswear)
Permanent · OSLO
BEST SELLER
Bestseller Søker Business Controller Til Vero Moda
Permanent · OSLO
ABBOTT
Territory Manager
Permanent ·
NEW YORKER
Butikkselger 100% Til New Yorker i Bergen
Permanent · BERGEN
H&M
Sales Advisor, Deltid - Metro Senter, Lørenskog
Permanent ·
H&M
Sales Advisor, Deltid - Amfi Kanebogen, Harstad
Permanent · HARSTAD
H&M
Sales Advisor, Deltid 80% (Vikariat) - h&m Torgkvartalet, Stjørdal
Permanent · STJØRDAL
H&M
Sales Advisor (Sommerassistenter) - Strandtorget, Lillehammer
Permanent · LILLEHAMMER
H&M
Sales Advisor (Sommerassistenter) - Nordbyen Kjøpesenter, Larvik
Permanent · LARVIK
H&M
Sales Advisor (Sommerassistenter) - Farmanstedet, Tønsberg
Permanent · TØNSBERG
H&M
Sales Advisor, Deltid (Vikariat) - Alti Mandal
Permanent · MANDAL
ZIZZI
no: Salgsassistent. 20% Vikariat
Permanent · STRØMMEN
NEW YORKER
Ekstrahjelp/Sommerhjelp Til New Yorker i Hamar
Permanent · HAMAR
TOMMY HILFIGER
Tommy Hilfiger is Looking For a Sales Assistant (Full Time) For Our Outlet Store, Vestby
Permanent ·
TOMMY HILFIGER
Stockroom Manager, Tommy Hilfiger - Vestby Outlet
Permanent ·
POPKEN FASHION GMBH
Social Media Manager (M/W/D) - Norwegian Market (Freelancer)
Permanent · OSLO
POPKEN FASHION GMBH
Copywriter/Translator - Norwegian Market (Freelancer)
Permanent · OSLO
PANDORA
Sales Assistant Part Time (M/F/X) - Sandvika Storsenter
Permanent · SANDVIKA
JACK & JONES
Jack & Jones Lillehammer Strandtorget Søker Deltid 80%
Permanent · LILLEHAMMER
H&M
Sales Advisor (Sommerassistent) - Kvadrat Kjøpesenter, Sandnes
Permanent · SANDNES
JIMMY CHOO
Sales Associate - Oslo - Norway
Permanent · OSLO
H&M
Sales Advisor (h&m Home) - Karl Johan, Oslo
Permanent · OSLO
By
Reuters
Published
Apr 2, 2020
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Alibaba-rival Pinduoduo raises $1.1 billion in share placement

By
Reuters
Published
Apr 2, 2020

​Chinese e-commerce firm Pinduoduo Inc said on Tuesday that it had raised $1.1 billion in a private share placement, bolstering its ability to finance growth, despite recent market volatility.


The move comes just six months after Pinduoduo raised $1 billion in a convertible bond. In February last year, it also raised $1 billion from a follow-on offering. - Reuters


Undeterred by the coronavirus epidemic that has rocked financial markets around the world, Nasdaq-listed Pinduoduo has secured several long-term investors including Chinese private equity firms Hillhouse Capital and Boyu Capital and tech giant Tencent Holdings for the deal, said three sources.

Pinduoduo declined to comment on investors. Tencent, Hillhouse and Boyu did not respond to requests for comment.

The company said it plans to use the proceeds to help finance growth, upgrade users’ shopping experience and offer more subsidized products. It looks to close the transaction in early April.

The move comes just six months after Pinduoduo raised $1 billion in a convertible bond. In February last year, it also raised $1 billion from a follow-on offering.

The recent market turmoil is widely expected to lift the need for already listed companies to sell more shares and raise fresh capital to weather the economic downturn.

Pinduoduo, which competes with Alibaba and JD.com, offers discounts on products ranging from electronics to groceries but is under pressure as established players look to muscle in on its rural stronghold.

Its total revenue nearly doubled to 10.79 billion yuan ($1.55 billion) in the three months ended Dec. 31, but fell short of the average analyst estimate of 10.93 billion yuan.

The still loss-making firm has seen positive operating cash flow in the past few years. Net cash flow from operating activities stood at 9.6 billion yuan in the last quarter of 2019, up nearly 70% year-on-year.

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