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Archive for the ‘Ecommerce Articles’ Category

Robinhood said to not be properly insured to offer checking & savings

Robinhood’s new high-interest, zero-fee checking and savings feature seems to be too good to be true. Users’ money may not be fully protected. The CEO of the Securities Investor Protection Corporation, a non-profit membership corporation that insures stock brokerages, tells TechCrunch its insurance would not apply to checking and savings accounts the way Robinhood claims. “Robinhood ...

Amazon adds toys to its growing list of private labels

Batteries. Clothing. Household goods. Supplements. Diapers. Furniture. Toys? Yes, toys. It seems Amazon’s private label business is preparing to enter the toy market next. The retailer’s initial toy listings include an indoor play set for toddlers, along with other toys for climbing and playing on, as well as a toy storage system. The listings were ...

Amazon is officially stocking Google Chromecasts yet again

There’s been a break in the multi-year feud between Google and Amazon, apparently, as Amazon is now — once again — selling Google Chromecast devices on its site. The devices were banned from Amazon back in 2015, when the retailer then decided that only devices supporting Prime Video would be allowed. A year ago, it ...

Amazon extends free shipping until Dec 18, announces Christmas Eve delivery in select markets

Amazon will again enable procrastinators to hold off on completing their Christmas shopping until the last minute. The company today announced it will offer free, two-hour delivery up until midnight on Christmas Eve, powered by Prime Now, in select markets. Prime Now is currently available across 30 U.S. cities, Amazon says. In addition, Prime members ...

Robinhood launches no-fee checking/savings with Mastercard & the most ATMs

Robinhood is undercutting the big banks by forgoing brick-and-mortar branches with its new zero-fee checking and savings account features. With no overdraft or monthly fees, a juicy 3 percent interest rate, and a claim of more US ATMs than the five biggest banks combined, Robinhood is using the scalability of software to pass impressive perks ...

New York Amazon warehouse employees push to unionize

Workers in a recently opened Staten Island Amazon warehouse have announced their intention to unionize. The news comes at a less than ideal time for the retail giant, which is in the midst of opening one of two “HQ2” locations in nearby Long Island City, Queens. The push also arrives as Amazon has faced increased ...

Procter & Gamble acquires Walker & Company, Tristan Walker will remain as CEO

Walker & Company Brands, a startup making health and beauty products for people of color, has been acquired by consumer giant Procter & Gamble. The company was founded five years ago by Tristan Walker, who previously led business development for Foursquare, and who aimed to create products that would better serve the needs of people ...

Indonesia e-commerce leader Tokopedia raises $1.1B from Alibaba and SoftBank’s Vision Fund

Indonesia-based e-commerce firm Tokopedia is the latest startup to enter the Vision Fund after it raised $1.1 billion Series G round led by the SoftBank megafund and Alibaba. SoftBank and Alibaba are existing investors in the business — the Chinese e-commerce giant led a $1.1 billion round last year, while SoftBank recently transitioned its shareholding ...

TechSee nabs $16M for its customer support solution built on computer vision and AR

Chatbots and other AI-based tools have firmly found footing in the world of customer service, used either to augment or completely replace the role of a human responding to questions and complaints, or (sometimes, annoyingly, at the same time as the previous two functions) sell more products to users. Today, an Israeli startup called TechSee ...

Struggling e-commerce firm LightInTheBox completes $85M deal for Singapore’s Ezbuy

Southeast Asia is a growing digital marketplace and increasingly a focus for startups across the world but there haven’t been many exits. So it’s notable, then, that struggling Chinese discount e-commerce service LightInTheBox has closed its acquisition of Singapore-based Ezbuy, which operates a cross-border selling service in Singapore, Malaysia, Indonesia, Thailand and Pakistan. The all-stock deal was ...