Category: eCommerce
2020 will change the way we look at robotics
From logistics to food prep, robots are custom built to help mankind survive a pandemic Brian Heater @bheater / 13 hours Earlier this month, Hyundai acquired a controlling stake in Boston Dynamics that valued the company at $1.1 billion. What’s most interesting about the news isn’t the acquisition itself (it…
Read More
Daily Crunch: Alibaba faces antitrust probe
Chinese authorities investigate an e-commerce giant, Google may be tightening its grip on research and VCs weigh in on the year’s biggest surprises. This is your (briefer than usual) Daily Crunch for December 24, 2020. The big story: Alibaba faces antitrust probe China’s State Administration for Market Regulation said that…
Read More
China’s e-commerce titan Alibaba hit with antitrust probe
China’s top market watchdog has begun a probe into Alibaba over alleged anti-competition practices at the e-commerce firm, the latest of Beijing’s efforts to curb the country’s ever-expanding internet titans. The State Administration for Market Regulation said Thursday in a brief statement that it is investigating Alibaba over its “choosing…
Read More
TaskRabbit is resetting customer passwords after finding ‘suspicious activity’ on its network
TaskRabbit has reset an unknown number of customer passwords after confirming it detected “suspicious activity” on its network. The IKEA -owned online marketplace for on-demand labor said it reset user passwords out of an abundance of caution and that it “took steps to prevent access to any user accounts,” a…
Read More
Bandit ML helps e-commerce businesses present the most effective offer to each shopper
Bandit ML aims to optimize and automate the process of presenting the right offer to the right customer. The startup was part of the summer 2020 class at accelerator Y Combinator . It also raised a $1.32 million seed round in September from YC, Haystack Fund, Webb Investment Network, Liquid 2…
Read More
Indian court rejects retail giant Future Group’s plea against Amazon
An Indian court rejected Future Group’s plea that sought to prevent its partner Amazon from interfering in — and blocking — the Indian retail giant’s $3.4 billion asset sale deal to Mukesh Ambani’s Reliance Industries, delivering a glimmer of hope to the American e-commerce firm that has invested more than…
Read More