Posts filtered by tags: E - Commerce[x]


 

From bootstrapped to a $2.1B valuation, ReCharge raises $227M for subscription management platform

ReCharge , a provider of subscription management software for e-commerce, announced today that it has raised $227 million in a Series B growth round at a $2.1 billion valuation.  Summit Partners, ICONIQ Growth and Bain Capital Ventures provided the capital. Notably, Santa Monica, California-based ReCharge was bootstrapped for several years before raising $50 million in a previously undisclosed Series A from Summit Partners in January of 2020. And, it’s currently cash flow positive, accordi...
Tags: Food, Fundings & Exits, Startups, TC, Cloud, Ecommerce, Europe, California, Funding, Startup, Tech, E-commerce, Software, SaaS, Venture Capital, Harry


A new YouTube feature will make its connected TV ads more shoppable

YouTube today gave advertisers a sneak peek at its plans to make its video platform more shoppable. The company will soon be introducing a new interactive feature aimed at advertisers called brand extensions, which will allow YouTube viewers to learn more about a product they see on the screen with a click of a button. The new ad format will allow the advertiser to highlight their website link or another call-to-action in their connected TV video ad. The viewer can then click the option “send to...
Tags: Google, Facebook, Ecommerce, Video, Shopping, Youtube, Marketing, Brands, Tech, Walmart, Bloomberg, E-commerce, Video Ads, Ads, Shopify, Streaming Services


Amazon had sales income of €44bn in Europe in 2020 but paid no corporation tax

Despite lockdown surge the firm’s Luxembourg unit made a €1.2bn loss and therefore paid zero corporation taxFresh questions have been raised over Amazon’s tax planning after its latest corporate filings in Luxembourg revealed that the company collected record sales income of €44bn (£38bn) in Europe last year but did not have to pay any corporation tax to the Grand Duchy.Accounts for Amazon EU Sarl, through which it sells products to hundreds of millions of households in the UK and across Europe,...
Tags: Amazon, Europe, Business, UK, Technology, Internet, World news, E-commerce, Tax Avoidance, Corporate Governance, Luxembourg, Tax Havens, Amazon EU Sarl


Shopee exec explains how mobile-first platforms are helping businesses in Southeast Asia optimize

Terence Pang, chief commercial officer at Shopee Shopee Terence Pang is the chief commercial officer at Shopee. Pang talks about how the digital revolution in Southeast Asia is being spurred by mobile platforms. Because of his work, Insider named Pang to our annual list of the 10 leaders transforming retail. Visit Insider's Transforming Business homepage for more stories. Southeast Asia (SEA) has seen rapid development in the past decade, as countries become more urbaniz...
Tags: Google, Indonesia, China, Southeast Asia, Singapore, US, Trends, E-commerce, Sea, Philippines, Retail, Platforms, West Java, Nonthaburi, Oreal, East Malaysia


Antitrust: Hawley and Klobuchar on the big tech battles to come

The Republican senator has written a sort of manifesto for the presidential primary. The Democrat seems focused on the supreme courtHawley rails at big tech firms but he has invested in themAntitrust is hot. In February, the Minnesota senator Amy Klobuchar introduced the Competition and Antitrust Law Enforcement Reform Act of 2021. Weeks later, the Missouri senator Josh Hawley proposed the Trust-Busting for the Twenty-First Century Act. Both bills are pending before the Senate judiciary committe...
Tags: Google, Amazon, Facebook, Books, Technology, Minnesota, Internet, Republicans, Senate, World news, E-commerce, US news, Culture, Democrats, US politics, Missouri


Amazon delivers a big earnings beat heading into Bezos' final quarter as CEO

Amazon CEO Jeff Bezos, who is stepping down, helped lead Amazon Web Services to cloud dominance, including in the public sector. Shannon Stapleton/Reuters Amazon reported revenue of $108.52 billion for the first quarter of 2021, beating analysts' expectations. Jeff Bezos will discuss the results with investors in his last call as CEO before stepping down July 1. See more stories on Insider's business page. Amazon delivered a huge beat for its first-quarter earnings on Monday, with ...
Tags: Amazon, News, Enterprise, Trends, Markets, Bloomberg, E-commerce, Retail, Earnings, Aws, Jeff Bezos, Amazon Web Services, Bezos, GAAP, Andy Jassy, Tech Insider


Amazon delivers a huge earnings beat heading into Jeff Bezos' final quarter as CEO

Amazon CEO Jeff Bezos. Shannon Stapleton/Reuters Amazon reported revenue of $108.52 billion for the first quarter of 2021, beating expectations. Sales were up 44% year over year, and AWS gained 32% over the same quarter last year. Strong sales are expected to continue into the second quarter, bolstered by Prime Day before July. See more stories on Insider's business page. Amazon delivered a strong beat for its first-quarter earnings on Monday, with $108.52 billion in revenue powered by...
Tags: Amazon, News, Enterprise, Trends, Markets, Bloomberg, E-commerce, Retail, Earnings, Aws, Jeff Bezos, Bezos, GAAP, Tech Insider, DOMINICK REUTER


Amazon delivers a big earnings beat heading into Jeff Bezos' final quarter as CEO

Amazon CEO Jeff Bezos. Shannon Stapleton/Reuters Amazon reported revenue of $108.52 billion for the first quarter of 2021, beating expectations. Sales were up 44% year over year, and AWS had gains of 32% over the same quarter last year. Strong sales are expected to continue into the second quarter, bolstered by Prime Day in June. See more stories on Insider's business page. Amazon delivered a huge beat for its first-quarter earnings on Monday, with $108.52 billion in revenue powered by...
Tags: Amazon, News, Enterprise, Trends, Markets, Bloomberg, E-commerce, Retail, Earnings, Aws, Jeff Bezos, Bezos, GAAP, Andy Jassy, Tech Insider, DOMINICK REUTER


California Court Holds Amazon Strictly Liable for Marketplace Items Amazon Didn’t Fulfill–Loomis v. Amazon

This is another lawsuit over a fiery Chinese-manufactured hoverboard sold through Amazon’s marketplace. In Bolger v. Amazon from August 2020, a California appellate court held that Amazon was strictly liable for marketplace items it fulfilled, and Section 230 immunity didn’t apply. A second California appellate court has endorsed Bolger but goes further: strict liability applies even if Amazon doesn’t do the fulfilment. This puts Amazon is a legally dicey spot, and its countermoves will likely s...
Tags: Amazon, Law, California, Ebay, E-commerce, Customers, Fox, Lg, Wiley, Illinois, State Farm, Ucla, Osu, McDonald, Loomis, Hinton


Armed with $160M in funding, LatAm’s Merama enters the e-commerce land grab

Merama, a five-month old e-commerce startup focused on Latin America, announced today that it has raised $60 million in seed and Series A funding and $100 million in debt. The money was raised “at well over a $200 million valuation,” according to co-founder and CEO Sujay Tyle.   “We are receiving significant inbound for a Series B already,” he said. LatAm firms Valor Capital and Monashees Capital and U.K.-based Balderton Capital co-led the “massively oversubscribed” funding round, which...
Tags: Amazon, Fundings & Exits, Startups, TC, Facebook, Ecommerce, Europe, Balderton Capital, Mexico, Funding, Startup, Tech, Eu, European Union, E-commerce, Paypal


Mailchimp moves into e-commerce

Over the course of the last few years, Mailchimp morphed from a basic newsletter platform to a fully-fledged marketing company. And while the service already offered integrations with a number of e-commerce sites, it is now launching its own online stores for small and medium businesses, as well as a new appointment booking service. These new services will be part of MailChimp’s new ‘Websites & Commerce’ plans, which starts with a free tier that offers most of the basic functionality. Users on t...
Tags: TC, Ecommerce, UK, Tech, E-commerce, Google Analytics, United States, United Kingdom, Computing, Mailchimp, Online Stores, World Wide Web, Cloud Applications, Ben Chestnut, WEBS, Websites Commerce


Weav raises $4.3M to knit together a universal API for commerce platforms

Weav, which is building a universal API for commerce platforms, is emerging from stealth today with $4.3 million in funding from a bevy of investors, and a partnership with Brex. Founded last year by engineers Ambika Acharya, Avikam Agur and Nadav Lidor after participating in the W20 YC batch, Weav joins the wave of fintech infrastructure companies that aim to give fintechs and financial institutions a boost. Specifically, Weav’s embedded technology is designed to give these organizations acc...
Tags: Fundings & Exits, Startups, TC, Ecommerce, Y Combinator, Money, Finance, Funding, Startup, Tech, Banking, E-commerce, Paypal, Venture Capital, Davis, Api


Amazon Can’t Force Arbitration of Minors’ Privacy Lawsuit Over Alexa Recordings–BF v. Amazon

Minors allege that Amazon’s Alexa service improperly stores or utilizes their voiceprints. The district court denied Amazon’s request to force arbitration of the claims based on the fact that the plaintiffs, who were minors, were not signatories (or had not agreed to) to the terms of service for the Alexa device. There is no dispute that if the parents had brought the claims, their claims would be subject to arbitration. The district court held that as non-signatories, Amazon can’t force the mi...
Tags: Amazon, Facebook, Law, Washington, E-commerce, Alexa, Privacy/security, Eric, Townsend, Ninth Circuit, Lawsuit Against Apple, Washington State Supreme Court, EKD, Licensing/Contracts, BF, Minor Children Moves Forward


Mighty Networks raises $50M to build a creator economy for the masses

Mighty Networks , a platform designed to give creators and brands a dedicated place to start and grow communities, has closed on $50 million in a Series B funding round led by Owl Ventures. Ziff Capital Partners and LionTree Partners also participated in the financing, along with existing backers Intel Capital, Marie Forleo, Gretchen Rubin, Dan Rosensweig, Reid Hoffman, BBG Ventures and Lucas Venture Group. The investment brings Palo Alto-based Mighty Networks’ total raised since its 2017 in...
Tags: Ios, Android, Ipad, Fundings & Exits, Startups, New York, Youtube, Funding, Startup, Tech, E-commerce, Author, Ning, Palo Alto, Software, SaaS


CCPA Data Breach Lawsuit Against Walmart Fails–Gardiner v. Walmart

This is a data breach lawsuit against Walmart in which plaintiff (on his own behalf and on behalf of a putative class) asserts that his data is being currently sold on the dark web. Plaintiff asserted the typical claims, but also one under the California Consumer Privacy Act. The judge dismisses the lawsuit saying the claims are inadequately pled. While the court gives plaintiff a chance to cure the deficiencies, it gives a signal that the court will closely scrutinize any amended pleading. The...
Tags: Law, Linkedin, Walmart, E-commerce, Best, Starbucks, Low, Anderson, Privacy/security, Reilly, Ninth Circuit, Katz, Gardiner, Ruiz, Piñero, Tsao


Massachusetts Supreme Court Says Turo Doesn’t Qualify for Section 230…Sometimes…–Massport v. Turo

Turo facilitates peer-to-peer car rentals. It provided an option for users to pickup/dropoff at Logan Airport, but Turo took the position that it wasn’t a car rental service pursuant to the applicable regulations. The airport authority (Massport) sued Turo and got an injunction despite Turo’s Section 230 defense. Turo appealed. The Massachusetts Supreme Court affirms the injunction, but with an important modification. With respect to Section 230, everyone agrees that Turo qualifies as an ICS pr...
Tags: Law, Boston, Los Angeles, E-commerce, Airbnb, Logan Airport, DOE, Homeaway, Logan, Massachusetts Supreme Court, CDA, Massport, Massachusetts Port Authority, Derivative Liability, Backpage, Turo


Bitcoin tumbles after reports Joe Biden will raise taxes on rich

Cryptocurrency falls below $50,000 as White House looks to bring levy on investment gains into line with income taxesSpeculators in Bitcoin have been left nursing heavy losses after reports Joe Biden is planning to raise taxes on the wealthiest Americans to tackle inequality and finance trillions of dollars in higher social spending.The cryptocurrency price fell more than 6% to below $50,000 (£36,000) a bitcoin, hitting the lowest level since early March, as the White House puts the finishing to...
Tags: Business, Technology, Internet, White House, World news, Joe Biden, E-commerce, US news, Stock Markets, Bitcoin, Private Equity, Cryptocurrencies, Hedge Funds, US taxation, Biden Administration


Customer care as a service: Outsourcing can help your startup wow clients 24/7

Your clients might not demand 24/7 customer service yet, but they’re certainly hoping for it. But how can a startup with a lean staff provide round-the-clock customer care? There are several options available, but more than ever, outsourcing is one of them. When should your startup consider outsourcing its customer care? And what should you look for in a provider? Here are some insights on what customer care as a service (CCaaS) can do for you, and how fast-growing startups have been leveraging ...
Tags: Startups, Ecommerce, Tech, E-commerce, SaaS, OECD, Les Echos, Pony, The Nest, EC Ecommerce and D2C, EC How To, Onepilot, Pierre Latscha, Ben Guerville


PicPay, the Brazilian mobile payments platform, files for an IPO on Nasdaq

Brazilian mobile payments app PicPay filed an F-1 with the Securities and Exchange Commission (SEC) for an IPO valued at up to $100 million on Wednesday. The company plans to list on the Nasdaq under the ticker symbol PICS. PicPay operates largely as a financial services platform that includes a credit card; a digital wallet similar to that of Apple Pay; a Venmo-style P2P payments element; e-commerce, and social networking features. “We want to transform the way people and companies inter...
Tags: TC, Social Networking, Ipo, Tech, E-commerce, Brazil, Mobile Payments, Fintech, Latin America, Initial Public Offering, Securities And Exchange Commission, Rio, Sao Paulo, Batista, Wesley, Barclays Capital Inc


Amazon installed hand scanners in Whole Foods stores that lets shoppers pay with a palm print. Here's how they work.

Amazon Amazon installed hand scanners at Whole Foods that allow people to pay with their palm print. The Amazon One system is being unrolled at seven Seattle Whole Foods stores. The company first released the new payment system last fall. See more stories on Insider's business page. Amazon is installing a system that allows customers to pay for goods using the palm of their hand at Whole Foods stores in the Seattle area.The company announced the payment system, called Amazon One, woul...
Tags: Amazon, News, Whole Foods, Trends, E-commerce, Star, Retail, Seattle, Payment System, Amazon Amazon, Seattle Amazon, Tech Insider, Amazon One, Madison Broadway, Amazon Books Amazon, Grace Kay


What's New on Amazon Prime Video in May 2021

Amazon Prime Video’s May slate of original series is a study in literary contrasts. On the one hand, we’ve got The Underground Railroad (May 14), a prestige limited series produced by Oscar-winner Barry Jenkins (Twelve Years a Slave), adapting Colson Whitehead’s Pulitzer Prize-winning novel of the same name, a lightly…Read more...
Tags: Amazon, Publishing, Hbo, Oscar, Anne Hathaway, Morgan Freeman, Retailers, Lifehacks, French Connection, Helen Mirren, Dan Stevens, The Da Vinci Code, Cora, Constance Wu, E Commerce, Anthony Mackie


Take a look inside Wall Street darling Ryan Cohen's ambitious plan to 'transform' the retailer into the Amazon of gaming

Chewy cofounder and former CEO Ryan Cohen is now the head of RC Ventures, an investment firm that's taken a 12% stake in GameStop. Courtesy of Chewy.com Chewy cofounder and former CEO Ryan Cohen is the largest individual GameStop shareholder. He's also in charge of the board, and intends to turn the company into the Amazon of gaming. Cohen is already making major moves at the company, and he has big plans for the future. Visit the Business section of Insider for more stories. What ...
Tags: Amazon, Gaming, Microsoft, Video Games, Entertainment, Finance, Wall Street, Trends, E-commerce, Pc, Steam, Playstation, Sony, Xbox, Reddit, Retail


11th Circuit Says Grocery Store Website Isn’t Covered by the ADA–Gil v. Winn-Dixie

Winn-Dixie is a major grocery store chain in the South. Their website offers multiple functions, but does NOT take grocery orders online. The website features at issue in this case are the ability to refill prescriptions online and to link coupons to the shopper’s account so they will automatically apply at in-store checkout. The plaintiff, Gil, has a visual impairment, and he uses screen reading software to browse the Internet. The parties stipulated that Winn-Dixie’s website “was not designed ...
Tags: Supreme Court, Law, Congress, E-commerce, Noah, Netflix, Harvard, Missouri, Aol, Ada, Young, Trump, Thomas, Martinez, Gil, Winn Dixie


Amazon Might Make Its Drivers Assemble Your Furniture

In yet another bid to completely dominate all things e-commerce, Amazon’s reportedly begun testing a premium service that lets its customers opt into having their deliveries assembled once they reach their door. The service is planned to first hit shoppers based in Virginia and “two other markets,” according to an…Read more...
Tags: Amazon, Home Depot, Science, Virginia, Environment, Retailers, Bloomberg LP, Wayfair, E Commerce, Retailing, Amazon Home Services, 3d Publishing, Service Companies, Technology Internet


How to contact Wish customer service by phone or email, or through the app

It's easy to contact Wish's customer service team. Westend61/Getty Images You can contact Wish customer service directly by phone or email, or through the Wish app. For issues regarding specific orders, navigate to your order history page in the Wish app. If there's an issue with your entire account, you should contact Wish by phone or email. Visit Insider's Tech Reference library for more stories. Wish, the popular e-commerce platform, is known for its affordable products....
Tags: Amazon, Etsy, Trends, Customer Service, E-commerce, Online Shopping, Wish, Customer Support, Peloton, Tech Insider, BI-freelancer, Tech Reference, Software & Apps (Reference, Tech How To, Abigail Abesamis Demarest


Goldman Sachs leads $23M in funding for Brazilian e-commerce startup Olist

Olist , a Brazilian e-commerce marketplace integrator, has raised $23 million in a Series D round extension led by new investor Goldman Sachs Asset Management that brings its total Series D financing to $80 million. Existing backer Redpoint eventures, which first put money in Olist in 2015, also participated in the latest round. With this latest infusion, Olist has now raised over $126 million since its 2015 inception. This round is reportedly its last before the company plans to go public, ...
Tags: TC, Finance, Banks, Softbank, Tech, E-commerce, Ceo, Companies, Online Shopping, Brazil, Silicon Valley, Goldman Sachs, Opera, Latin America, Redpoint Ventures, Accel


Virtual hoodie sells for £19,000 as a non-fungible token

Black hoodie from streetwear label Overpriced is part of growing NFT one-of-a-kind asset trendA virtual hoodie has sold for £19,000, bought as a non-fungible token (NFT).The black hoodie from the streetwear fashion label Overpriced, emblazoned with an expletive-laden logo in neon green graffiti font, sold on the digital art marketplace Blockparty.co to an anonymous bidder who, through scanning a code, can now “wear” the garment in virtual settings online. Continue reading...
Tags: Fashion, Technology, Internet, E-commerce, Men's Fashion, Cryptocurrencies, NFT


Turkey’s economic turmoil drives Bitcoin frenzy

Investors turn to cryptocurrency after Erdoğan’s sacking of central bank governor caused further fall in liraThe neighbourhood teahouse is a focus of daily life across Turkey, an Ottoman tradition that has endured through the centuries. At the Red Lightning teahouse in Çorum, the enterprising owners have one foot in the past and one in the future: it’s the first one in the country where customers can pay in bitcoin.“Everyone we know in Çorum is starting to invest in cryptocurrency. We think that...
Tags: Technology, Economics, World news, Turkey, E-commerce, Bitcoin, Global Economy, Erdogan, Cryptocurrencies, Corum, Hüseyin Nalcı, Kerem Kutay Yıldırım


From pickup basketball to market domination: My wild ride with Coupang

Ben Sun Contributor Share on Twitter Ben Sun is co-founder and general partner at Primary Venture Partners, a seed-stage VC firm based in NYC. A month ago, Coupang arrived on Wall Street with a bang. The South Korean e-commerce giant — buoyed by $12 billion in 2020 revenue — raised $4.55 billion in its IPO and hit a valuation as high as $109 billion. It is the biggest U.S. IPO of the year so far, and the largest from an Asian...
Tags: TC, Ecommerce, Column, Asia, South Korea, Ipo, Boston, Softbank, Groupon, Tech, E-commerce, Chicago, Harvard, Alibaba, Korea, Coupang


Alibaba shares jump after record $2.8bn anti-monopoly fine

E-commerce firm feels penalty by Chinese regulators means focus on company is at an endShares in Alibaba surged on Monday after the e-commerce company said that a record $2.8bn fine handed down by Chinese regulators marked the end of an investigation into anti-competitive practices at the company.Top executives at the company, founded by the billionaire Jack Ma, told investors that while Chinese regulators continued a wider investigation into the sprawling conglomerates in the country’s tech ind...
Tags: Hong Kong, Business, Technology, Top, Internet, China, World news, Regulators, E-commerce, Stock Markets, Asia Pacific, Alibaba, Jack Ma