Kering Boss Shares Square To Target Technology Industry

P, a mobile payment company founded in 2009 by TwitterInc. co-founder and chairman JackDorsey, launched a two round of sales in December last year (secondoffering), allowing employees and other existing shareholders to sell their shares in the two tier market without issuing new shares.

According to the current round of pactions, SquareInc.'s valuation reached 5 billion US dollars, which rose sharply compared with the valuation of US $3 billion 250 million of US $200 million D round of financing in September 2012.

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< p > in addition to SquareInc.'s existing investor angel investment company SVAngel and private equity fund RizviTraverseManagementLLC to increase the SquareInc. stake, the new investors have GroupeArtemis, while GroupeArtemis is the holding company of Fran Fran ois-HenriPinault. The wholly owned auction house Christie "s Christie" also controls 40.78% of the shares and 55.35% of the voting rights of the group.

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< p > SquareInc. is the second investment of Fran C ois-HenriPinault in the field of science and technology.

The French billionaire first set foot in science and technology is a joint venture with YooxSpA, a Italy electricity supplier.

Now, the joint venture operates KeringSA e-commerce website, which is the seven luxury brand of Kai Yun group.

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< p > Square is a popular mobile payment terminal in the United States in recent years. Users only need to put the small credit card terminal in the iPhone or iPad earphone interface, and then open the Square application program to pay for the card. The mobile phone card that lkara promoted last year is "borrowing" the creativity of the Square card terminal.

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< p > StarbucksCorp. Starbucks participated in strategic investment in SquareInc.D round a href= "//www.sjfzxm.com/news/index_c.asp" > financing < /a >, and then strengthened cooperation. StarbucksCorp. Starbucks introduced Square payment to its 7000 stores in the United States.

Square announced in May last year that it will enter the first international market outside North America, the Japanese market, the largest clothing retailer in Asia, the parent company FastRetailingCo. of Uniqlo UNIQLO, and Ltd. express group. After October, it said it would use the Square payment system in its flagship flagship store to avoid wasting time queuing.

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< p > SquareInc. has also launched a SquareWallet application similar to Alipay wallet. Users can easily settle accounts in the store only by paying the names and SquareWallet pictures on the times.

In 2013, the total paction amount paid through Square reached US $20 billion, which is expected to exceed US $30 billion in 2014.

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Fran P ois-HenriPinault and JackDorsey are expected to assist each other in their respective businesses after the a href= "//www.sjfzxm.com/news/index_c.asp" > SquareI < /a > nc..

Just imagine KeringSA Kai Yun group can introduce Square payment to the physical stores of a luxury brand such as Gucci, Gucci, Balenciaga, and StellaMcCartney, and provide convenient and private payment for customers who want to enjoy the noble service.

With mobile payment becoming more and more popular all over the world, what is more valuable is the data contained in SquareInc..

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< p > for SquareInc., the customer level of "a href=" //www.sjfzxm.com/news/index_c.asp "luxury brand" /a "is high-end and broad, and the price of SaintLaurent is much higher than that of Starbucks Starbucks coffee. The increase of paction volume and the expansion of business will help SquareInc. to accumulate enough capital in future possible IPO to sell a good price.

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< p > earlier, it was reported that SquareInc. had already hired banks to deal with listing matters, but later TechCrunch quoted people familiar with the matter that SquareInc. would also conduct a round of financing before listing.

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