E – COMMERCE
- Trends
PayPal is the first company to drop out of the Facebook-led Libra Association
PayPal has become the first company to walk away officially from Facebook’s Libra, a cryptocurrency and related association that it…
Read More » - STARTUPS
Zola, the $650M wedding portal, taps the travel market with an expansion into honeymoons
The wedding industry is estimated to be worth some $100 billion in the U.S. alone, and now one of the…
Read More » - Food
MaxAB raises $6M seed round to optimize Egypt’s B2B grocery markets
Cairo based startup MaxAB looks to optimize the supply-chain network for Egypt’s food and grocery retailers. The B2B e-commerce company…
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Alibaba unveils Hanguang 800, an AI inference chip it says significantly increases the speed of machine learning tasks
Alibaba Group introduced its first AI inference chip today, a neural processing unit called Hanguang 800 that it says makes…
Read More » - STARTUPS
Lookiero closes $19M led by MMC Ventures to be the Stitch Fix for Europe
Lookiero, the online personal shopping service for clothes and accessories, has closed a $19 million funding round led by London-based…
Read More » - Finance
Walmart launches two new credit cards offering 5% back on digital purchases
Walmart is partnering with Capital One to launch a new credit card program, which rolls on September 24, and includes…
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Walmart Grocery is expanding its $98 per year ‘Delivery Unlimited’ subscription across the U.S.
Walmart is expanding its brand-new “Delivery Unlimited” grocery delivery membership program to more stores across the U.S., with plans to…
Read More » - STARTUPS
The direct to consumer department store Neighborhood Goods has raised $11 million
Neighborhood Goods, the direct to consumer department store hawking brands like Rothy’s, Dollar Shave Club, Buck Mason, Draper James and…
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DHL expands Africa eShop online retail app to 34 countries
DHL has expanded its DHL Africa eShop business to 13 additional markets, upping the presence of the global shipping company’s…
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Alibaba acquires NetEase Kaola in deal worth $2 billion
Alibaba Group has acquired NetEase Kaola for $2 billion, the two companies said today, and will integrate it into Tmall,…
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