3 in Finance

9/17: Flink (Germany), provider of on-demand grocery delivery services, raised $150M of venture funding in a deal led by REWE and BOND Capital, placing the company’s pre-money valuation at $585M. (Link)

9/5: Topshop (United Kingdom), a fast-fashion company that specializes in women’s clothing, shoes, and accessories, agreed to be acquired by Heartland in a transaction that values the company at over $230M. (Link)

9/3: Syarah (Saudi Arabia), an online car-selling marketplace, raised $60M of Series C venture funding in a deal led by Artal Capital. (Link)

3 for Fun

Biden administration addressing “de minimis” exemption with latest proposal, aimed at Chinese e-commerce sites such as Shein and Temu. (Link)

Rumors of potential TikTok acquisition by Amazon get louder as the two companies strengthen ties. (Link)

Questions about legitimacy of online retailers leading to significant challenges for e-commerce businesses. (Link)

Big movers — month over month stock performance:

Wayfair gains 33%; Alibaba gains 29%; Vipshop gains 26%

Rent the Runway falls 24%; Vivid Seats falls 23%; EverQuote falls 15%