Tag: e-commerce
TV advertising didn’t die, it just moved online
The tradition of sitting through a barrage of ads in exchange for being entertained began with radio, flourished with the arrival of television and followed the mass migration online. As the massive $35 billion in advertising revenue captured by YouTube and Instagram in the last quarter indicated, online advertising around…
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Rigetti Computing took a $71 million down round, because quantum computing is hard
The $71 million in financing that quantum computing technology developer Rigetti Computing recently raised came at a significant cut to the company’s valuation, according to several sources with knowledge of the company. The company declined to comment on its valuation or the recent round of funding it secured. Rigetti is…
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Ford is building an all-electric Transit cargo van for the U.S. market
Ford said it will produce and sell an all-electric version of its popular Ford Transit cargo van for the North American market starting with the 2022 model year as part of the automaker’s broader bet on electrification. The all-electric Transit, which will be assembled in the U.S., is part of…
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Alipay owner Ant Financial takes minority stake in Klarna
Some big moves in the payments platform space: Ant Financial Group, the owner of China’s Alipay payment platform has announced it’s taking a minority stake in Swedish payments platform Klarna — which has a strong European presence and a flagship product that lets shoppers buy now and pay later in…
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Amazon makes its same-day delivery service faster in select U.S. cities
Amazon this morning announced another step it’s taken to speed up same-day deliveries. The company has installed what it’s calling “mini-fulfillment centers” closer to where customers live in select U.S. markets, including Philadelphia, Phoenix, Orlando, and Dallas. The new facilities allow Amazon to reduce same-day delivery times down to just…
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iPrice, a platform for comparison shopping in Southeast Asia, raises $10 million Series B
iPrice Group, which helps comparison shoppers in Southeast Asia by pulling together prices from different e-commerce platforms, has closed a $10 million Series B. Led by ACA Investments, the round also included participation from Daiwa PI Partners and returning investors Line Ventures, Mirae Asset-Naver Asia Growth Fund. The company’s last…
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