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Florida-based logistics provider ShipMonk raises $290 million on the back of rising eCommerce demand

Florida-based logistics provider ShipMonk raises 0 million on the back of rising eCommerce demand Jan Bednar started ShipMonk with $70,000 in winnings from a string of student business plan competitions and launched the business that just closed on $290 million in new funding from a small warehouse with no air conditioning in […]

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China’s tech firms rush to deliver solutions for grocery shopping

China’s tech firms rush to deliver solutions for grocery shopping Nearly all of China’s largest internet firms have established a presence in online grocery. Just this week, news arrived that Alibaba co-led the $196 million C3 funding round of Nice Tuan, the two-year-old grocery group-buying firm’s fourth round year to date. People […]

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Black Friday on track for $8.9B+ in online sales as shoppers stay away from brick-and-mortar stores

Black Friday on track for .9B+ in online sales as shoppers stay away from brick-and-mortar stores Black Friday — the day that launched 1,000 other shopping holidays — may have lost its place as the “start” of the Christmas shopping season by now (it gets bigger and earlier with each passing year). […]

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Netflix commits $1 billion to make New Mexico home to one of the world’s largest studios

Netflix commits billion to make New Mexico home to one of the world’s largest studios Netflix is committing $1 billion in production spend at its ABQ Studios in Albuquerque, New Mexico, along with plans to expand those studios, the company said. In an announcement alongside New Mexico’s Governor Michelle Lujan Grisham and […]

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African fintech startup Chipper Cash raises $30M backed by Jeff Bezos

African fintech startup Chipper Cash raises M backed by Jeff Bezos African cross-border fintech startup Chipper Cash has raised a $30 million Series B funding round led by Ribbit Capital with participation of Bezos Expeditions — the personal VC fund of Amazon CEO Jeff Bezos. Chipper Cash was founded in San Francisco in […]

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Resellee wants to become the Pinduoduo of Southeast Asia

Resellee wants to become the Pinduoduo of Southeast Asia Launched in the Philippines, social commerce startup Resellee wants to recreate the success of Pinduoduo, one of China’s fastest-growing e-commerce companies, in Southeast Asia. A major part of Resellee’s business is grocery deliveries, including fresh produce, and it has struck partnerships with the […]

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Amazon’s in-garage delivery is now available in 4,000 US cities

Amazon’s in-garage delivery is now available in 4,000 US cities For all the myriad ways Amazon has made shopping more convenient, the last-mile delivery can be an issue. The company’s Key service is an attempt to address those issues, offering a way for packages to get delivered even when residents aren’t home […]

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Amazon sues online influencers engaged in a counterfeit scheme

Amazon sues online influencers engaged in a counterfeit scheme Amazon on Thursday announced a lawsuit against over a dozen bad actors, including online influencers and other businesses, who attempted to evade Amazon’s anti-counterfeiting measures by promoting luxury counterfeit products on social media sites, like TikTok and Instagram, as well as on personal […]

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Netflix tests a programmed linear TV and movie channel in France

Netflix tests a programmed linear TV and movie channel in France Netflix is testing out a programmed linear content channel, similar to what you get with standard broadcast and cable TV, for the first time (via Variety). The streaming company will still be streaming said channel – it’ll be accessed via Netflix’s […]

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B2B marketplaces will be the next billion-dollar e-commerce startups

B2B marketplaces will be the next billion-dollar e-commerce startups Merritt Hummer Contributor Share on Twitter Merritt Hummer is a partner at Bain Capital Ventures, where she invests in the fintech, e-commerce and proptech sectors. Startups involved in B2B e-commerce such as Faire and Mirakl have burst out of the gates in 2020. Almost […]

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