The Trump trade war has gone viral on TikTok, pushing a Chinese e-commerce app, DHgate, to the top of the Apple App Store in the U.S. After Trump increased U.S. tariffs on Chinese imports by 145%, numerous Chinese suppliers and manufacturers began making TikTok videos explaining to consumers how the global luxury goods market actually […]
Chinese marketplace DHgate becomes a top US app as trade war intensifies Read More »
In a quiet transformation from merchandising giant to (also) healthcare giant, Amazon may be positioning its sprawling logistics network and growing medical footprint to potentially save lives, starting with your front door. According to Bloomberg, back in 2023, Amazon piloted a several months-long pilot program called Project Pulse, equipping delivery vans with defibrillators and training
Could an Amazon driver could be the one who saves your life? Read More »
Jobandtalent, an AI-based “workforce as a service” marketplace that connects people with companies looking for hourly workers, announced it has raised €92 million ($103 million). The Series F — which includes participation from Atomico, BlackRock, DN Capital, Hercules, Infravia, Kibo, and Kinnevik — values the Madrid, Spain-based company at €1.3 billion ($1.5 billion) post-money. On the surface,
Fashion goes in and out of style, and it turns out, so do fashion startups. Lyst, a high-end fashion marketplace that was once valued at $700 million, has been acquired for just $154 million in cash by Zozo, a Japan-based fashion and e-commerce business. Zozo owns a number of fashion brands that include Wear by
Lyst, a fashion marketplace once valued at $700M, sells to Japan’s Zozo for $154M Read More »
In a recent memo to employees, Shopify CEO Tobi Lütke made a bold policy change: teams must demonstrate why AI can’t perform a job before they’re permitted to ask for more headcount and resources. “Before asking for more headcount and resources, teams must demonstrate why they cannot get what they want done using AI,” Lütke
Shopify CEO tells teams to consider using AI before growing headcount Read More »
Automattic, the company behind WordPress.com, Tumblr, WooCommerce, and a range of other online services, is reducing its workforce. The layoffs will impact 16% of staff across divisions, an Automattic blog post published Wednesday reveals. Ahead of the layoffs, Automattic’s website listed 1,744 employees, which means north of 270 people may have lost their jobs. (Automattic
WordPress maker Automattic lays off 16% of staff Read More »
In 2010, a programmer who was mining bitcoin famously made the comically expensive mistake of spending 10,000 bitcoin on two pizzas. As of this writing, those coins would be worth $850 million dollars. While there are few comparisons to that kind of miscalculation, the prospect of adding interest payments to fast-food orders is raising concerns
Buy now, pay later . . . for a burrito? Read More »
Google announced on Wednesday that kids with Android phones can now tap to pay at stores using Google Wallet in the United States, United Kingdom, Australia, Spain, and Poland. Parents and guardians in these countries can now allow their children to access digital payments on their Android devices with supervision. Kids can also use Google
Google now lets kids use Google Wallet for in-store payments in select countries Read More »
Nearly 10 years after filing to go public on the New York Stock Exchange (NYSE) and Toronto Stock Exchange, Canadian e-commerce platform Shopify has announced that it’s transitioning its U.S. listing to the Nasdaq. In a filing with the Securities and Exchange Commission (SEC) on Wednesday, Shopify said it is removing its Class A shares
Shopify transfers its US listing from the NYSE to the Nasdaq Read More »
African businesses pay up to four times the global average to transport goods, driving up prices for essentials like food and medicine. Logistics make up 75% of product costs on the continent, according to the African Development Bank (AfDB). Many of these businesses also rely on manual logistics, leading to delays. Nairobi-based logistics software-as-a-service provider
Google, Speedinvest back Kenya’s Leta, which uses AI to make logistics cheaper Read More »
