China is expected to top the U.S. as the world’s largest retail market in 2019. Retail sales in China are forecast to grow 7.5 percent to $5.6 trillion in 2019. Meanwhile, U.S. retail sales are […]
Mattel (MAT -1%) announces that it formed a strategic partnership with Alibaba (BABA -0.8%) to sell toys to Chinese consumers. The deal gives Mattel closer access to Alibaba’s 440M active buyers across various e-commerce platforms, […]
Wish, the maker of the No. 2 shopping app of the same name, is raising a new investment of around $500 million, according to multiple sources familiar with the deal. The round is valuing the […]
E-commerce company Etsy today disclosed in a filing that it spent $32.5 million to acquire Blackbird Technologies, a startup that had developed artificial intelligence (AI) software that could be used for various search applications in […]
There’s another round of funding for an artificial intelligence startup in Asia that’s focused on e-commerce: Singapore-based ViSenze has announced a $10.5 million Series B raise. The startup was spun out of the National University of Singapore more than […]
OfferUp, a marketplace for buying and selling various items, had less than $350 in reserves at one point, and employees were asked to work for equity. Now, however, the business is reportedly ready to raise […]
Alibaba (NYSE:BABA) and HTC (OTC:HTCXF) are joining hands to advance virtual reality development with cloud computing solutions. The companies will focus on tackling bandwidth allocation, data transmission and data processing, building a VR cloud ecosystem and […]
Wal-Mart will reportedly announce its $3.3B purchase of online retailer Jet.com today in what appears to be the largest-ever acquisition of an e-commerce company. Under the terms of the deal, Jet co-founder and chief executive […]
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