US companies Walmart and Amazon are competing to acquire a controlling stake in Flipkart, India’s leading eCommerce company. Walmart has completed an in-depth due diligence on its proposed majority ownership in the Indian firm. However, rival Amazon also wants to put in a bid and offers a ‘breakup fee’ of $1 billion to $2 billion, […]
Alibaba is set to gain full control of Ele.me as it revs up on its plan to have a stronger foothold in China’s burgeoning market for quick delivery services. A statement released by Alibaba hinted of an enterprise valuation for Ele.me pegged at $9.5 billion. However, the company has not given any exact figures on
Alibaba Acquires Food Delivery Service Ele.me for $9.5 Billion Read More »
In a bid to improve its services, Walmart is currently testing automation in several of its stores across the country. The robots are designed to manage repetitive tasks and give the staff more time to focus on helping customers. The retail giant has deployed around 50 robots that scan shelves to check for mislabeled items,
Walmart’s Got Robots Running Loose In Its Stores Read More »
eBay has now made it easier for sellers to ship their items by using augmented reality to pick the right USPS box, the company announced in a Monday press release. Using Google’s ARCore platform on Android, eBay leverages motion tracking and environmental recognition to help sellers superimpose virtual shipping boxes of various sizes over a
eBay’s New AR Feature Makes Finding the Right Shipping Box a Lot Easier Read More »
Amazon has obtained approval on a new patent from the US Patent and Trademark Office for a delivery drone that can respond to human gestures and voices on Tuesday. The patent, filed in July 2016 and published recently, is in line with the company’s goal to maintain a fleet of unmanned aerial vehicles that will
Amazon Gets Patent for Delivery Drones with Gesture and Voice Recognition Read More »
On Monday, Google announced a program called Shopping Actions to help retailers take on the eCommerce giant Amazon. Under the program, merchants are allowed to list their products across the search engine’s platforms—Google Search, Google Express shopping service, and Google Assistant on mobile devices and smart speakers like Google Home. The program gives consumers a universal
Google Introduces Shopping Actions to Help Online Retailers Take On Amazon Read More »
Instagram is planning to increase its share in the eCommerce segment by expanding its shopping feature abroad. Previously available only in the US, the Facebook-owned photo and video sharing app now allows shoppable posts for businesses located in an additional eight countries. Instagram is expanding its shopping feature to other countries such as Australia, Brazil, Canada, Italy,
Instagram Launches Shoppable Posts in 8 New Countries Read More »
Chinese eCommerce giant Alibaba announced Monday that it would be investing an extra $2 billion in Lazada as part of the company’s continued expansion in Southeast Asia. Alibaba gained control of the Singapore-based company way back in 2016 with an initial investment of $1 billion. Jack Ma’s company further strengthened its hold on the online
A major change is on the business horizon. The General Data Protection Regulation (GDPR) will be in effect on May 25, 2018, bringing with it major changes to data protection laws. The question now is whether your company is ready for it. How it Affects US-Based Businesses Europe’s GDPR is designed to consolidate and bolster
GDPR Takes Effect in May, Is Your Business Ready? Read More »
It seems that Chinese billionaire investor Jack Ma is planning to expand his business interests to include women’s fashion. Mr. Ma and his Alibaba co-founder Joseph Tsai, are now eyeing a stake in Rent the Runway, a New York-based designer clothing rental for women. Jack Ma and Joe Tsai, through Blue Pool Capital, will inject
