News

Australia's biggest shoe retailer gets same-day jump on Amazon

Australia's largest footwear chain says rolling out same-day delivery across most of the country will satisfy consumers' demand for "Instant gratification" and safeguard it from new online competitors such as Amazon. Accent Group started sending same-day out of 12 of its Platypus shoe stores last week, and over the...


Tencent Offers Google a Way Back Into China

Google never completely left China, even though its search engine and Play Store remain blocked in mainland China. Last March, Google launched its Translate app in China in a rare first-party app launch for iOS and Android. Standalone apps might pave the way to Google Play's return to China,...


Top 10 Accel Partners investments in India

Accel Partners discovered Myntra early in 2008 and has been an investor since leading its series A funding round of $5 million. Qwikcilver had raised $10 million in series A with an investment from Accel Partners in 2010. Freshworks had raised an early $1 million in series A led...


eBay in talks with ShopClues and other e-tailers to re-launch India operations

eBay maintains that it is looking at a relaunch in India for the cross-border trade play, but declined to comment on the talks. eBay, which announced that it will soon relaunch operations independently is reportedly in talks with several other ecommerce players. If reports are to be believed, ShopClues...


Amazon hiring slows in favor of internal reshuffling as headcount hits 575K

Amazon's headcount jumped to 575,700 people worldwide in the second quarter, but that figure isn't rising as fast as it has in recent years. Headcount is still up 50 percent over a year ago, a remarkable figure for a company this size, but a lot of that came when...


Amazon’s record quarter: $2.5B in profits is biggest ever as tech giant comes up just short on sales

Amazon came up a hair short on revenue expectations in the second quarter, but posted record profits, doubling Wall Street's projections. Amazon posted profits of $2.5 billion for the quarter, or $5.07 per share, on revenue of $52.9 billion. Amazon Web Services yet again powered the company's financials in...


Zalando Buffs Up Beauty Credentials with Berlin Shop

BERLIN, Germany - Europe's biggest online fashion retailer Zalando is opening its first bricks and mortar beauty store in Berlin this week, seeking to buff up its credentials in the market for cosmetics, skin care and fragrance products. Zalando started selling branded beauty products online in Germany in March...


Meet the 10 startups selected for Rakuten Accelerator programme in Singapore

Japan's leading e-commerce and internet company Rakuten and global entrepreneur network Techstars have announced the 10 startups selected to join the Rakuten Accelerator programme in Singapore. Selected based on their ability to shape the future of 'messaging as a platform' for new technologies, the 10 startups will undergo an...


Will Conversational Commerce, Delivery Drive the Future of Retail?

Many of the sessions at last week's Fortune Brainstorm Tech conference dealt with the future of retail, and I was particularly interested in the different perspectives on the importance of delivery presented by companies as diverse as Walmart, JD.com, and DoorDash, as well as the emphasis on "Conversational commerce"...


The Groupon of China Is Going Public—and It's More Expensive Than Alibaba, Snap, or ...

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Naspers CEO Plans to Invest `Several Billions' of Dollars in Mobile Payments

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Naspers CEO Considers Listing Parts of Business to Reduce Size

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Amazon, Flipkart vie for larger talent pool from campus recruitments this year

If you thought Flipkart and Amazon compete fiercely in the ecommerce marketplace, it seems like this competition is witnessed in areas such as campus recruitment as well. Some of the significant takeaways from these reports from different quarters as well as the statements emerging out of both Amazon and...


Target taps Google Cloud as vendor refuses to be 'distant third' behind AWS, Microsoft

Target tapped Google Cloud for the migration of three areas of its business, according to Google CEO Sundar Pichai, during the company's Q2 2018 earnings call. Now two years later, Greene hopes Google Cloud can get past being the "Distant third" to AWS and Azure. Choosing an initial cloud...


Tencent Reportedly In Talks To Invest Up To $500M In Indian Budget Hotel Oyo Rooms

Tencent Holdings Ltd. is in talks to lead a financing round of between US$300 million to US$500 million in Indian budget hotel brand Oyo Rooms, according to Indian media insiders. The round will value Oyo at over US$2 billion, according to the report. Both Oyo and Tencent said they...


Why VC Firm Fifth Wall Ventures Is Bullish on the Tokenization of Real Estate

Welcome! To bring you the best content on our sites and applications, Meredith partners with third party advertisers to serve digital ads, including personalized digital ads. Those advertisers use tracking technologies to collect information about your activity on our sites and applications and across the Internet and your other...


How Microsoft Is Profiting From the Amazon Backlash

While we hear a lot about things like Amazon Prime Day or Amazon's ventures into the world of cashier-less convenience stores, the internet juggernaut's cash cow isn't its retail endeavors-it's the company's cloud services business. While many tech companies opt to rely on Amazon for their cloud storage needs,...


Google Assistant tops Apple's Siri and Amazon's Alexa in a head-to-head intelligence test

Apple's Siri correctly answered more questions that Amazon's Alexa or Microsoft Cortana in a recent test done by analyst Gene Munster's investment firm Loup Ventures. The digital assistant with the best record in the test was Google Assistant, which answered 86% of 800 questions correctly. In general, the Loup...


Yext integrates with Amazon’s Alexa to supply hours, addresses, other business info

Ever wonder where Alexa gets information about hours of operation, descriptions, and addresses? Starting this week, it'll begin to source at least some of that data from Yext, a digital knowledge management platform that counts Taco Bell, Arby's, Marriott, and Rite Aid among its clients. Yext today announced direct...


HBO culture has to change to compete against Netflix and Amazon

At Wednesday's Television Critics Association summer tour, HBO kicked things off by assuring the press that while AT&T may be the company's new owner, nothing is going to change quality-wise when it comes to HBO programming. The comments, made by programming chief Casey Bloys, were a direct response to...