[ News ]

[ TikTok time for music streaming? ]

        TikTok parent company ByteDance is looking to expand to become a music distribution platform, WSJ citing anonymous sources. The company's Resso streaming service currently only serves India, Indonesia and Brazil. But plans are in the works to extend to over a dozen more markets, eventually going global — competing with the likes of Apple Music and Spotify. ByteDance grew 80% to $61.7 billion in 2021, and an expansion of its streaming service would further drive revenue and keep users on...

Posted: 10/13/22 [ Read More... ]

[ TikTok chases Amazon with plans for U.S. fulfillment centers ]

          TikTok is planning to build its own product fulfillment centers in the U.S., creating an e-commerce supply chain system that could directly challenge Amazon, as indicated by more than a dozen new job openings posted in the past two weeks to LinkedIn. Why it matters: The move signifies TikTok's commitment to e-commerce as its next major revenue stream, following the explosive growth of its ads business.
  • "By providing warehousing, delivery, and customer service returns, our mission is to help sellers improve...

Posted: 10/12/22 [ Read More... ]

[ Global eCommerce and Other Non-Store Retailers Market to Reach $5.7 Trillion by 2027 ]

      Complimentary updates for one yearGlobal eCommerce and Other Non-Store Retailers Market to Reach $5.7 Trillion by 2027 - In the changed post COVID-19 business landscape, the global market for eCommerce and Other Non-Store Retailers estimated at US$2.3 Trillion in the year 2020, is projected to reach a revised size of US$5.7 Trillion by 2027, growing at a CAGR of 13.5% over the analysis period 2020-2027. eCommerce, one of the segments analyzed in the report, is projected to record a 14.6% CAGR...

Posted: 10/10/22 [ Read More... ]

[ Nextech AR Receives Large 3D Model Purchase Order From Blue Chip Enterprise Customer Experiencing Record Q3 Demand in 3D Model Business As Web3.0 Demand Accelerates For Global E-Commerce Industry ]

        TORONTO, Sept. 20, 2022 (GLOBE NEWSWIRE) -- via InvestorWire -- Nextech AR Solutions Corp. (“Nextech'' or the “Company”) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), a Metaverse Company and leading provider of augmented reality (“AR”) experience technologies and services is pleased to announce that the Company has received a purchase order for 7,500 3D models with over 50% already delivered and the balance expected to be delivered in early Q4, 2022. This large...

Posted: 09/30/22 [ Read More... ]

[ Flora Raises $9M to Build the First Technology-driven Sustainable E-commerce Platform ]

        Flora provides greater access to sustainable products to over 300 thousand customers at affordable prices and saves 10 thousand tons of CO2 emissions annually. SAN FRANCISCO--(BUSINESS WIRE)--Flora, a technology-driven sustainable e-commerce platform, emerged from stealth mode today to announce that it has raised $9 million in seed funding from prominent Silicon Valley investors, including Lux Capital, Correlation Ventures, Climate Capital, and Gokul Rajaram. Flora acquires, reinvents, and grows sustainable brands with a mission to provide greater access to sustainable products...

Posted: 09/29/22 [ Read More... ]

[ Shopify targets physical retailers after an overly aggressive bet on e-commerce ]

            Shopify Inc., Canada’s largest e-commerce company, announced Tuesday that it will start selling new hardware for brick-and-mortar retailers, as it attempts to recover from an overly aggressive bet on the speed at which the economy would move online. The device, called POS Go, resembles a smartphone and will allow retailers to provide wireless checkout anywhere in store, while also allowing merchants to view analytics and data on such things as sales, inventory and product information. It’s one of Shopify’s most significant product announcements 

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[ Uber looks to create travel ‘superapp’ by adding planes, trains and rental cars ]

            Uber is driving ahead with its plan to become a travel “superapp”. The San Francisco-headquartered firm announced Wednesday that it is adding trains, buses, planes and car rentals to its U.K. app this year. The move is part of a pilot that could be expanded to other countries at a later date if it goes well.
While Uber won’t provide these travel services itself, it will allow users to book them through its app following software integrations...

Posted: 04/07/22 [ Read More... ]

[ Warehouses Transform N.Y.C. Neighborhoods as E-Commerce Booms ]

The region is home to the largest concentration of online shoppers in the country. The facilities, key to delivering packages on time, are reshaping neighborhoods.

An e-commerce boom turbocharged by the pandemic is turning the New York City region into a national warehouse capital.

In just two years, Amazon has acquired more than 50 warehouses across the city and its surrounding suburbs. UPS is building a logistics facility larger than Madison Square Garden on the New Jersey waterfront...

Posted: 03/17/22 [ Read More... ]

[ Direct-to-consumer companies hit severely in US ]

Brands like Warby Parker, Stitch Fix, FIGS Inc, and Allbirds Inc. Launched a new type of retail by selling "direct to consumer" – on the internet — rather than through traditional retailers. These companies' values rose well into the billions, riding on the promise of little overhead, no intermediaries, and a limitless pool of clients. They appeared to be invincible. Today, however, they're tumbling hard and there's no sign of a bottom in sight. DTC companies are being hit hard by...

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[ Programmed to win: 10 cities where tech strength defies the pandemic ]

Timothy Tannert grew up in Akron, Ohio. Chris Anderson made his start in southern California. Now they’ve come together to lead Innotescus, a tech startup that is redefining video’s role in artificial intelligence. And you won’t find them in their old home towns anymore. Instead, they have set up shop in Pittsburgh. Never mind the Pennsylvania city’s long-ago legacy as a steel town. Today, Pittsburgh is rich with expertise in fields such as robotics,...

Posted: 06/25/21 [ Read More... ]