Walmart

  • LeEco takes on Apple, Google, Amazon, Netflix, Samsung, Oculus, Tesla and Uber in US debut

    LeEco takes on Apple, Google, Amazon, Netflix, Samsung, Oculus, Tesla and Uber in US debut

    LeEco is not a household name in the States. You don’t see their products in Walmart or Best Buy. Chances are you don’t know anyone that uses LeEco’s movie streaming service or a LeEco smartphone. LeEco hopes to change that. Today at an odd and overblown event, the company burst into the North American market with a bevy of services and products that’s set to take on… Read More

  • Walmart launches a free streaming service, Vudu Movies on Us

    Walmart launches a free streaming service, Vudu Movies on Us

    Who’s copying Amazon? Everyone! But especially Walmart. Speaking of which, the retailer giant announced today the launch of its own video streaming service, called Vudu Movies on Us. The service at launch will include thousands of titles, which will be available in HD and can be streamed for free. To generate revenue, Vudu Movies on Us will be ad-supported. While Amazon’s Prime… Read More

  • WalmartLabs open sources the application platform that powers Walmart.com

    WalmartLabs open sources the application platform that powers Walmart.com

    Walmart probably isn’t the first company that comes to mind when you think about open-source software (or the second or third, really), but WalmartLabs, Walmart’s innovation-focused tech division, has already launched a number of open-source projects into the wild. The most interesting of these so far was OneOps, its DevOps platform, but today it is launching a similarly… Read More

  • To compete with Amazon, Walmart should cut itself in half Crunch Network

    To compete with Amazon, Walmart should cut itself in half

    Walmart latest earnings report wasn’t pretty. Overall revenue growth came in at a tepid o.7% for the first half of the fiscal year. Their e-commerce sales grew 11.8%, but the total e-commerce market is tearing ahead at 15% quarterly growth, which means they’re actively losing that market. Oh, and they bought a massively unprofitable e-commerce vendor for $3.3 billion dollars to make… Read More

  • Can foreign tech companies win in China? Crunch Network

    Can foreign tech companies win in China?

    As China’s digital business grows, it’s going to provide more opportunities for many players. Who “gets it” and who doesn’t will certainly not only be a function of “being blocked or not,” but equally (or even more importantly) those who have the right mindset and approach to the China context. Read More

  • What this month’s Jet.com sale means for the future of retail Crunch Network

    What this month’s Jet.com sale means for the future of retail

    Retailers grasp the web-focused future of the industry, but the sale of Jet.com to Walmart earlier this month has sped up the shift and validated the online marketplace approach to e-commerce. Read More

  • The next $1 billion startup acquirer won’t be a tech company Crunch Network

    The next $1 billion startup acquirer won’t be a tech company

    Acquisitions starting with a “B” are not uncommon in the tech industry in Silicon Valley. Roughly two to four billion-dollar deals have gone down each quarter (on average) over the last few years. The recent purchases of Cruise Automation by General Motors and Dollar Shave Club by Unilever turned heads for another reason —  the buyers were as non-techie as you can get. Read More

  • Confirmed: Walmart buys Jet.com for $3B in cash to fight Amazon

    Confirmed: Walmart buys Jet.com for $3B in cash to fight Amazon

    Walmart today took its biggest step yet in its bid to compete against Amazon in the world of digital commerce: today the retail giant announced that it would be acquiring Jet.com — an online-only shopping site that has been live for a little over a year — for $3 billion in cash, plus up to $300 million in shares for the founders and others at the company. Jet.com will continue… Read More

  • Walmart is buying Jet.com for $3 billion

    Walmart is buying Jet.com for $3 billion

    Walmart Stores is buying Jet.com in a deal worth $3 billion dollars according to a source with direct knowledge of the deal, confirming reports that have been pouring in about the bid for Jet.com all week. According to our source the signatures for the deal were dry on Friday and will be announced as early as Monday morning — echoing what was reported in both Bloomberg and… Read More

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