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Retail

After supermarkets, Alibaba moves into furniture

[ad_1] Photo credit: Benjamin Child / Unsplash Months after placing a US$3 billion bet on a supermarket chain, China’s online shopping giant Alibaba is now moving into another side of Main Street retailing – furniture. Alibaba is spending US$865 million to take a 15 percent stake in...

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Due to fraud, LL Bean ends lifetime returns, blames social media

[ad_1] Way to stomp on our hearts.Image: John Greim/LightRocket via Getty ImagesBy Rachel Kraus2018-02-09 18:13:45 UTC Congratulations, internet! We've ruined another glorious thing. On Friday, beloved cozy and outdoors-y things retailer L.L. Bean announced that it would end its famed lifetime return policy. And social media...

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Where Singapore lags behind India in retail tech, and opportunities hide

[ad_1] Ace Turtle CTO Kapil Bhatia at the Bangalore command center of its omnichannel tech platform for retail brands. Photo credit: Malvika Tegta When you place an order for Puma shoes on Lazada or Amazon, who “owns” the consumer – the brand or the marketplace? In...

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In WeChat, sellers are experimenting with new models of ecommerce

[ad_1] Photo credit: Ashim D’Silva / Unsplash In China, tech behemoths Tencent and Alibaba have carved up the industry according to their respective strengths: Tencent has claimed gaming and social networking, whereas Alibaba has made ecommerce its raison d’etre. But as Tencent’s superapp WeChat eyes growth in...

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Natural home products startup Grove Collaborative bets niche wins over the Amazonization of everything

[ad_1] Who needs Amazon when you can make your own online distribution channel? At least, that’s the idea behind Grove Collaborative, a natural home care products company that ships natural cleaning brands like Method and Mrs. Meyer’s. Co-founder Stuart Landesberg started the company in 2014 after...

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Delivery logistics platform Bringg raises $12M from strategic investors, including Salesforce Ventures

[ad_1] Delivery logistics platform Bringg announced today it has raised another $12 million in Series B funding, bringing the total round to $22 million. The round, which follows the initial Series B from last spring includes new, strategic investment from automotive leader Dr. Shmuel Harlap, shipping...

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E-commerce startup citiesocial raises $2.75M led by Alibaba’s fund for Taiwanese entrepreneurs

[ad_1] Citiesocial, a Taipei-based startup that helps emerging brands break into Asia’s e-commerce market, has raised $2.75 million led by Alibaba Taiwan Entrepreneurs Fund, a non-profit backed by Alibaba Group to support local startups. CDIB Capital and returning investor Cherubic Ventures also participated. The capital...

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Rubikloud scores $37 million investment to bring intelligence to retail industry

[ad_1] The retail industry is one that’s ripe for disruption by technology. Under intense pressure from giants like Amazon and Walmart, retailers are often stuck using legacy systems and are ill equipped to compete using the latest tools. Rubikloud announced a $37 million investment today...

[ad_1] The retail industr...

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