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NIKE
Manager, gc - Strategic Account
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Lead, Project Manager, IT, Asia Pacific
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JO MALONE LONDON
Education Director, jo Malone London, Asia Pacific
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Senior Merchandising Manager
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Area Manager
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Business Analyst
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Manager, Global Supply Planning
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Senior Manager, Quality Strategy
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Supply Chain Operations Manager, Dickies Asia
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Merchandise Manager
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ESTÉE LAUDER
Regional Education Director, Estee Lauder, Asia Pacific
Permanent · Hong Kong
VF
Senior Manager, Regional Projects
Permanent · 香港
LEVI'S
Gsp Purchasing Operations Analyst
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ESTÉE LAUDER COMPANIES
Contract HR Services Representative, Asia Pacific (6-Months Contract)
Permanent · Hong Kong
NIKE
sr Marketplace Planning Manager
Permanent · Hong Kong
COS COLLECTION OF STYLE
Cos Part Time Sales Advisor
Internship · HONG KONG
ESTÉE LAUDER COMPANIES
Senior Lead, Supply Chain Application Support, Asia Pacific
Permanent · Hong Kong
EXCUSE MY FRENCH
Sales Executive
Permanent · HONG KONG
ESTÉE LAUDER COMPANIES
Senior Director, Data & Applications, IT, Asia Pacific
Permanent · Hong Kong
By
Reuters API
Published
Jul 30, 2020
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PayPal profit jumps 86% on pandemic-driven online spending shift

By
Reuters API
Published
Jul 30, 2020


PayPal Holdings Inc reported an 86% jump in second-quarter profit on Wednesday as the e-commerce payments processor benefited from the shift to online spending amid the coronavirus pandemic.


Reuters



Net income increased to $1.53 billion, or $1.29 per share, in the quarter ended June 30, from $823 million, or 69 cents per share, a year earlier.

The results reflected an unrealized investment gain worth 58 cents a share and included additional loan loss reserves amounting to 7 cents a share, down from the 17-cent reserve addition in the first quarter.

On an adjusted basis, the company said net income rose to $1.26 billion, or $1.07 per share, from $848 million, or 71 cents per share, a year earlier.

E-spending surged during lockdowns in multiple countries and those who facilitate that -- such as PayPal -- benefited as much as the e-tailers from whom consumers were buying their essentials and discretionary items. And they're likely to continue to benefit with predictions that higher e-spending will carry on, even as physical stores reopen worldwide.

Additional reporting by Sandra Halliday

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