It would be one of the greatest startup investments of all time. Masayoshi Son, riding high in the klieg lights of the 1990s dot-com bubble, invested $20 million dollars into a fledgling Hong Kong-based startup called Alibaba. That $20 million investment into the Chinese e-commerce business would go on to be worth about $120 billion…
The Luckin saga continues as the Chinese coffee challenger seeks solutions to the undesirable consequences of a $310 million fraud. On Tuesday, the company announced sacking chief operating officer Liu Jian, the alleged mastermind behind the fraud, and chief executive officer Qian Zhiya, a rare female leader of a Chinese internet firm. Despite the scandal, the…
By Matt Binder2020-05-14 16:25:11 UTC While many brick-and-mortar stores have closed their doors during the coronavirus pandemic, online retailers have experienced a boom. In fact, in April, ecommerce sites experienced traffic that surpassed last year’s Black Friday … every single day of the month. According to a new report by ecommerce marketing data platform PriceSpider,…
Four years ago, Brandon Gell was an architecture student who spent most of his time working on 3D printing modular housing. Now, he’s the founder of Clyde, an extended warranty startup that wants to help small e-commerce businesses offer product protection. Today, the company announced it has raised a $14 million Series A led by…
Credit: Taobao & Kuaishou In the past few years, retail-streaming has become a rapidly growing ecommerce channel in China, with all manners of salespeople directly selling goods to consumers on an ecommerce livestream. While influencers and celebrities are the most familiar faces seen on retail-streams, recently, executives of major Chinese corporations have also appeared in…
Shopify Inc. has displaced Royal Bank of Canada (RBC) as the nation’s largest public company. The ecommerce platform provider’s market capitalization surged to $120-billion Wednesday afternoon to eclipse that of the nation’s largest lender. The lead held past the closing bells on Wednesday, as Shopify ended the session with a market cap of $121.3 billion, compared to…
China is showing renewed interest in live streaming. As the coronavirus swept through the country and shut down premises in droves, businesses are turning online to drive sales. Many have adopted live streaming, a model that predates the short videos that dominate many of our mobile screens now. Ecommerce titans like Alibaba, JD.com and Pinduoduo…
More rough figures from Canalys. After reporting a 13% year-over-year drop for global smartphone shipments, the firm is back with even worse numbers for China. Shipments dropped 18% year-over-year for Q1 in the world’s largest smartphone market. And once again, the COVID-19 pandemic was to blame. It tracks that China was hard hit for Q1,…
As the coronavirus began to spread through Japan in March, workers at a warehouse in Sugito that processes millions of personal care products each day were overrun by a spike in demand for masks, gloves, soap, and hand sanitizer. To prevent workers from spreading the deadly virus, the company that operates the center, PalTac, introduced…
The new Extra Crunch Live series is taking flight this week. Today we’re talking to Cowboy Ventures’ Aileen Lee and Ted Wang. This Thursday we’re keeping the parade of well-known investors coming, when Charles Hudson will join Natasha Mascarenhas and I for a deep-dive into all things pre-seed and seed. Extra Crunch Live Episode 2:…
The looming recession has sparked a boom in digital business. April 20, 2020 4 min read Opinions expressed by Entrepreneur contributors are their own. The recent rise in unemployment in America has been staggering, and there are few companies that haven’t been impacted. Although in ecommerce, some brands are reporting sales similar to the highs…
BioCatch, a developer of biometrics security technology, said it has raised $145 million in its latest round of funding. The company’s technology tracks user behavior on websites to determine if a customer is real or a fraudster, according to a statement. Its technology is now used by more than 40 of the largest global financial…
Half a year after Devin Wenig stepped down as CEO, eBay is finally ready to name a permanent replacement. Following an appointment from the company’s board of directors, Jamie Iannone will step into the role as head of the company, effective April 27. The executive was also elected to eBay’s board. Most recently, Iannone served…
Younger generations are on board to eat healthier. In certain parts of the country, it’s just about access to affordable options. April 10, 2020 6 min read Opinions expressed by Entrepreneur contributors are their own. At this point, the overweight American is a cliché known around the world. And in spite of quips at their…
TLDR: This 11-course bundle of practical WordPress and WooCommerce knowledge can prime any new digital business for success. Amid all the concern and darkness in a world fighting its way through a global pandemic, it’s important not to lose sight of some of the silver linings to be found in our collective new normal. With…
Recently the New York Times reported how Amazon was flooding the market with new logos and brands. Essentially, Amazon finds cheap manufacturers to produce goods and matches them with sellers that will brand and sell the products on Amazon‘s marketplace. The strategy is to flood the market in a category, leverage the Prime listing, and move on.…
New York (CNN Business)Joe Tsai, the billionaire co-founder of Chinese ecommerce giant Alibaba, and his wife Clara Wu Tsai, have donated 2.6 million masks, 170,000 goggles and 2000 ventilators to New York the US epicenter of the coronavirus pandemic. The su…
TLDR: For under $40, the Build Your Own Business with WordPress and WooCommerce Bundle is a step-by-step guide to getting any ecommerce business off the ground. WooCommerce isn’t exactly the biggest name in tech. But two statistics can explain immediately why it’s a name you should know if you’ve ever considered opening a digital storefront.…
