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Alibaba launches paid membership program

Chinese e-commerce giant Alibaba on Thursday announced 88 VIP, a new loyalty initiative that gives paying members access to exclusive benefits across commerce, entertainment and local services. The program is an extension of Alibaba's existing loyalty program, 88 Membership Club, which is free for Tmall and Taobao customers. Loyalty...


Oracle challenged Pentagon’s $10 billion cloud contract

Oracle this week challenged the Department of Defense’s decision to award a major, $10-billion cloud computing contract to just one company as "anti-competitive," according to a 40-page challenge document obtained by Axios and originally reported by The Washington Post.

Why it matters: Several industry leaders have expressed...


Walmart teams up with China's JD.com on grocery delivery

Walmart and Chinese e-commerce giant JD.com are investing $500 million in Dada-JD Daojia, a Chinese online grocery delivery company, reports CNBC.The big picture: American companies have had varied success in the Chinese market, which favors its domestic champions, but some U.S. firms are increasing their presence there by teaming...


With $3.3-Billion Acquisition of Fortress Investment Group, SoftBank Looks to Branch Out

With its acquisition of Fortress Investment Group, a leading investment management firm, the Japanese company has laid the groundwork for the next phase of its development: becoming one of the largest investment firms in the world. As evidenced by its acquisition of Fortress Investment Group the company is prepared...


Galaxy Home is Samsung’s HomePod competitor

It was just a matter of time, right? We knew Samsung had to be working on a Bixby-based Amazon Echo/Google Home competitor. Welp, the Galaxy Home was announced at today's big Note 9 event, and the device is going right after Apple's HomePod with a premium design and what...


Softbank held talks with Elon Musk about taking Tesla private in 2017

Tesla's chief executive Elon Musk met the head of Japanese mega-investor Softbank in 2017 to discuss a potential investment in the company, including the possibility of taking it private. Masayoshi Son held talks with Musk in April last year on the matter, but discussions on taking Tesla off the...


Tech huddles with historically black colleges

Top tech firms are meeting this week with representatives of 24 historically black colleges and universities (HBCUs), in an effort the industry hopes will create partnerships to help diversify its technical workforce.

Why it matters: Tech has long struggled to increase hiring of black engineers, and while companies have previously worked...


Report ranks retail brands based on celebrity partners

Under Armour's celebrity endorsement deal with Dwayne Johnson is the top celebrity-brand match in the retail and fashion industries, according to a new Spotted ranking. Winnie Harlow for Tommy Hilfiger and Reese Witherspoon for Crate and Barrel ranked second and third, respectively....


NRF, retailers gear up to protect shipping via USPS

NRF has joined Amazon and other retail businesses to form the Package Coalition, which will lobby on US Postal Service issues and work to keep package shipping affordable and reliable. A Trump administration task force is expected to release a report this week outlining possible reforms for USPS.....


Lululemon athletica: The intersection of business and technology

Technology is integral to any business decision and the IT department is no longer merely the service department of a business. An effective CTO is well-versed in the business process; the two fields have become as intertwined as ever. "It's a partnership now where we are all driving the...


Apple will reportedly woo India with deals, new stores, and fixed apps

Though Apple has pushed smartphone prices higher in recent years, notably touting the international success of the $999 iPhone X, the average Indian customer's phone budget is around $150. Entry-level Android phones are being offered at or below that price, but iPhones are not: Even the aging iPhone SE...


NRF, retailers gear up to protect shipping via USPS

NRF has joined Amazon and other retail businesses to form the Package Coalition, which will lobby on US Postal Service issues and work to keep package shipping affordable and reliable. A Trump administration task force is expected to release a report this week outlining possible reforms for USPS.....


Post-Brexit, Ireland woos business from Kerala

KOCHI:With Brexit looming, Ireland's Investment Development Authority has been wooing the companies in Kerala to set up shop there to gain advantage from investments in Ireland's business ecosystem. Tanaz Bhuhariwalla, IDA India director said that over 40 Indian businesses engaged in sectors ranging from Information Technology, engineering, pharma, medical...


Study: VR, voice assistants aren't must-haves for shoppers

While in-home voice assistants like Amazon Echo and Google Home are gaining popularity, 65% of shoppers don't consider them important to the customer experience, according to Bazaarvoice's Shopper Experience Index. Consumers mostly prefer technologies that add convenience and remove friction from their shopping experience. As Bazaarvoice's survey indicates, VR...


Interview with Goodwill Industries International Director of online and mobile on managing an omni-channel retail experience with a purpose.

In this interview I sepak with Adam Stiska Director of Mobile and Digital Strategies at Goodwill Industries International on managing a multi-stakeholder commerce and online technology strategy. One of the hidden gems in retail is the "Thrift" sector where the dynamics of sourcing, inventory management and discovery are fundamentally...


Taking Prime position? A look at Amazon's potential impact on pharma

As the pharma market is rocked by the news of Amazon's acquisition of PillPack - the online pharmacy - we briefly take a look at the history of the e-commerce giant and what impact its move into pharma may have on the traditional space. As we have recently witnessed...


A peek at SoftBank's strategic secrets in Masayoshi Son's own words. All 303513 of them

How to make sense of it all? Son uses earnings briefings to explain his evolving vision. Further Reading: SoftBank's Son to focus on investing to speed up major company shift. Son has sharply increased his references to artificial intelligence in recent months, proclaiming that it will redefine every industry...


Tencent Cloud user claims $1.6 million compensation for data loss

The reputation of Tecent's cloud computing service Tencent Cloud has taken a serious knock on Monday. A Tencent Cloud user under the name of "前沿数据" claims an indemnity of RMB 11,016,000 for metadata damage to files hosted by Tencent Cloud due to bugs in the firmware. After informing the...


Alibaba Business School invites applications for eFounders Fellowship

Alibaba Group has announced that it is now taking applications for its eFounder Fellowship program from developing countries including Pakistan. The United Nations Conference on Trade and Development and Alibaba Business School are inviting applications for eFounder Fellowship program to create and empower 1000 platform builders from developing countries...


Amazon cloud executive Tim Wagner joins crypto platform Coinbase

Coinbase announced the hiring of Tim Wagner as vice president of engineering on Monday, snagging him from Amazon's cloud service. Wagner was a general manager of several Amazon Web Services business units before jumping to Coinbase, the platform's chief executive Brian Armstrong wrote in a blog post. Today we're...