August 10, 2023
Alibaba’s Sales Up 14%, Pushed by International Sales
Chinese eCommerce giant Alibaba on Thursday (Aug. 10) posted a quarterly sales growth of 14% from the previous year, as its online shopping app Taobao and Tmall Group showed strength....
August 10, 2023
AI Adds Fresh Parameters to Open- vs Closed-Source Software Debate
Since the dawn of software, there have been two types of development: open source and closed source. A simple binary with complex ramifications, it is from these two varietals that...
August 07, 2023
Paytm Founder Buying 10% Stake in Company From Ant Group
The founder of Indian eCommerce and payments firm Paytm is now reportedly also its largest shareholder. Paytm Chairman Vijay Shekhar Sharma is set to purchase a 10.3% stake worth $628 million in the company...
August 04, 2023
TikTok Eyes Indonesian Payments License to Boost eCommerce Business
TikTok is reportedly in early-stage talks with Indonesian regulatory authorities to obtain a payments license. The ByteDance-owned social media platform’s application has been favorably received by Indonesia’s central bank, Reuters reported Friday (Aug. 4)....
August 03, 2023
What If: Elon Musk’s X Becomes the Next Super App?
Super apps like Alibaba’s Alipay and Tencent’s WeChat have become super successful in Asia. Their market dominance in turn has made Western entrepreneurs “super” interested in building their own, perhaps...
July 18, 2023
Richemont Confirms China’s Diminishing Role in Luxury Retail
China, once hailed as the savior of the luxury sector, is no longer providing the same support as before, at least for now. The industry had relied on a revival...
July 17, 2023
China’s Generative AI Regulations Go Live Next Month
China is a famously hands-on nation when it comes to controlling information within its borders. Still, that hasn’t stopped some of the world’s largest technology companies from complying with Beijing’s...
July 13, 2023
Shopify to Debut AI Chatbot Merchant Assistant ‘Sidekick’
Shopify will launch an artificial intelligence (AI)-powered chatbot assistant called Sidekick. The eCommerce company’s tool, which is “coming soon,” will be designed to help merchants with any queries relating to...
July 12, 2023
Silo Technologies Raises $132 Million in New Capital
Silo Technologies, a provider of financial technology for distributors and grower shipper businesses in the perishable food supply chain, has raised $132 million in new capital. This includes a $32...
