Category Archives: e-commerce

Alibaba ups its stake in Southeast Asia’s Lazada with $1 billion investment

 Alibaba is doubling down on Southeast Asia after it announced a deal to pay close to $1 billion to raise its stake in e-commerce firm Lazada from 51 percent to 83 percent. The Chinese firm made an initial $1 billion investment in April 2016 at a valuation of $1.5 billion — this second deal raises that valuation to $3.15 billion, Lazada disclosed. The deal sees Alibaba buy shares from… Read More

Target’s next-day essentials delivery service opens to customers in pilot test

 Target announced this morning it’s opening up a new, next-day home delivery service called Target Restock to consumers. The company had said in May the service was live and being tested with company employees, ahead of a consumer-facing pilot program that was due to arrive sometime this summer. The service is initially available to Minneapolis-area customers, which is near Target… Read More

Jeff Bezos says Amazon will ‘keep investing’ in India as rivals raise new war chests

 Amazon CEO Jeff Bezos has pledged to continue to invest in India as it bids to keep pace with rivals in the country that have landed large investments from big name backers. SoftBank and Alibaba have pumped close to $2 billion into Paytm lately while India’s original online retailer, Flipkart, won the backing of prestigious trio Microsoft, eBay and China’s Tencent via a recent… Read More

Ebay will now match Amazon’s, Walmart’s and others’ prices on over 50,000 items

 As Amazon and Walmart continue their battle to become the world’s largest retailer, another longtime rival in the e-commerce business, eBay, is now stepping up its game as well. The company this morning announced a new Price Match Guarantee for over 50,000 items across its site – promising that it will have the best deal online, or it will match the lowest price of a competitor.… Read More

Columbus could be the next startup city

 Ever since I wrote about the Midwest last year I’ve been keeping my eyes on Columbus. I decided to hold a small pitch-off to meet some of the startups I saw last time I had driven through. The pitch-off was a success and a company called Wyzzer took first place and the quirky Hopper Carts came in second. But what I really came away with was a new respect for Columbus as a startup hub.… Read More

Amazon wants to become Walmart before Walmart can become Amazon

 The future of retail will be a combination of both online e-commerce and a brick-and-mortar retail presence – as recent moves from both Walmart and Amazon have shown, including today’s back-to-back announcements from the two rivals, which sees Amazon buying a chain of popular grocery stores with a Whole Foods deal for $13.7 billion, and Walmart picking up yet another online… Read More

Inturn raises $22.5 million to help you buy clothes at a discount

 Managing inventory is one of the most challenging parts of running a retail business. It’s not easy to predict exactly how popular each item will be. That’s why retailers often offload their unsold clothing and products to other businesses. Some of these designs find their way into”off-price” stores like T.J. Maxx or Ross, known for their perpetually low prices. Now… Read More

Amazon launches Prime Reload, offering 2% back on purchases funded through debit cards

 Amazon today is launching a new perk for Prime members that will give them cash back on purchases – even if they’re not paying for items using an Amazon cashback credit card. Through a new rewards program called Amazon Prime Reload, Prime members can receive 2 percent back on purchases when they first load funds into their Amazon Balance using a debit card attached to their… Read More

Amazon launches a low-cost version of Prime for customers on government assistance

 Amazon announced today it’s making its Prime membership program more affordable to customers on government assistance programs, including food stamps. The program, which requires that customers have a valid Electronic Benefits Transfer (EBT) card to qualify, will bring the cost of Prime down from $10.99 per month to just half that, at $5.99 per month instead. The program will be… Read More

Amazon brings its big-screen shopping app to Fire TV

 In December, Amazon introduced a way to shop its site from the Apple TV through a dedicated app designed for tvOS. That same app, which lets you search and browse Amazon products and make purchases using your remote, has now officially launched on Amazon’s Fire TV, too. According to Amazon’s website, the app was released on May 24, 2017. However, news of its existence leaked out… Read More