eCommerce

  • Another blockbuster quarter for Alibaba as revenue surges 61%

    Another blockbuster quarter for Alibaba as revenue surges 61%

    Alibaba’s stellar financial performance continues unabated after the Chinese e-commerce giant again beat analyst expectations thanks to impressive growth in its core business at home. The firm reported total revenue of RMB 55.1 billion ($8.3 billion), beating expectations of RMB 52.2 billion according to a Reuters poll with 61 percent growth. Net profit for the period increased by… Read More

  • Rebagg loses a ‘g’ to rebrand luxury handbag marketplace

    Rebagg loses a ‘g’ to rebrand luxury handbag marketplace

    Who needs two g’s when you can get by with one? Luxury handbag marketplace Rebagg is now Rebag because the startup “really wanted to elevate our game,” said Charles Gorra, founder and CEO. “Dropping the ‘g’ is a big symbol.” He believes that the shorter Rebag is more representative of the “simplicity” of the brand. “We also like the… Read More

  • Amazon adds an AR shopping feature to its iOS app

    Amazon adds an AR shopping feature to its iOS app

    Amazon today is introducing a new feature called AR View that lets customers visualize online products in their own living space, using their smartphone camera. Launched today in the Amazon app for iOS devices, AR View offers the ability to view thousands of products for the home or office – including furniture, electronics, toys, games, home décor and more – in augmented… Read More

  • China’s JD.com leads $19M investment in Southeast Asian online fashion brand Pomelo

    China’s JD.com leads $19M investment in Southeast Asian online fashion brand Pomelo

    This year has seen unprecedented interest in Southeast Asia’s startups from Chinese tech firms, and today we can add another deal to the pile. JD.com, the close rival to Alibaba, has led a $19 million investment in Bangkok-headquartered online fashion brand Pomelo. The deal, which is the largest Series B for a Thai startup to date, is co-led by Indonesia’s Provident Capital… Read More

  • CircleUp announced $125 million venture fund

    CircleUp announced $125 million venture fund

    CircleUp, which has been a marketplace for consumer and retail investing, is announcing that it now has a $125 million growth fund to invest in companies directly. Using machine learning technology called Helio, CircleUp Growth Partners says it will be able to identify potential investments using data about companies to predict success. Read More

  • Target store staff can now create online orders for customers when local merchandise is unavailable

    Target store staff can now create online orders for customers when local merchandise is unavailable

    Amazon and Walmart aren’t the only major U.S. retailers looking to better merge online with brick-and-mortar operations. Today, Target announced a new app called “myCheckout” for its store staff that will allow them to process online transactions on the customer’s behalf, including taking payments, right from the store’s floor when merchandise is unavailable… Read More

  • Amazon Echo, Echo Plus and Echo Dot are now shipping in India

    Amazon Echo, Echo Plus and Echo Dot are now shipping in India

    Earlier this month, Amazon promised it would bring its Echo line of smart speakers to the competitive e-commerce battleground of India. The devices, including the Echo, Echo Plus, and Echo Dot, were initially available through an invite-only program. Today, Amazon says those orders are now shipping to customers, and will arrive in November. To encourage sales, earlier Echo adopters were offered… Read More

  • Shippo quietly raised $20 million last spring

    Shippo quietly raised $20 million last spring

    Shippo, the business shipping platform, says it has raised a $20 million Series B, under the radar last spring. It was led by Bessemer Venture Partners, with participation from Union Square Ventures, SoftTech VC and others. The company chose not to announce it until now, which is something we’ve been seeing more with startups. Sometimes it’s for competitive reasons and… Read More

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