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Posts Tagged ‘e-commerce’

Fastly, the content delivery network, files for an IPO

Fastly, the content delivery network that’s raised $219 million in financing from investors (according to Crunchbase), is ready for its close up in the public markets. The eight-year-old company is one of several businesses that improve the download time and delivery of different websites to internet browsers and it has just filed for an IPO. ...

Netflix to open a production hub in New York and invest up to $100 million in the city

Start spreading the news. Netflix is coming to New York City in a big way. The streaming media service has committed to invest up to $100 million to build a production hub and hire hundreds of new staffers in the Big Apple, according to a statement from Governor Andrew M. Cuomo. Netflix’s new production hub ...

Amazon’s one-two punch: How traditional retailers can fight back

The company’s vast power in e-commerce is only the initial, quick jab to an opponent’s face. Data-focused innovations in offline retail will be Amazon’s second, much heavier cross. ...

USDA launches pilot program allowing SNAP recipients to shop for groceries online

The USDA this morning announced the launch of a pilot program that will open up online grocery shopping to those on public assistance. During a two-year pilot program, those receiving SNAP (Supplemental Nutrition Assistance Program) benefits — often referred to as “food stamps” — will be able to shop for groceries from online retailers, including ...

JD founder cautions logistics business must tighten belt

Alibaba’s arch-foe JD.com has long prided itself on owning and controlling its logistics services: couriers are treated as in-house staff and paid a basic income. But that will end soon as costs keep piling up for the ecommerce giant. In an internal letter sent to the staff on Monday, JD founder and chief executive Richard ...

With a new CEO and fresh funding from Upfront, healthy prepared food delivery service Territory looks to grow

With a new chief executive officer and $4 million in fresh funding from investors including the Los Angeles-based investment firm, Upfront Ventures, Territory Foods is poised for growth. The company recently hired powerhouse executive Abby Coleman, the former vice president of marketing and strategy at Quidsi and head of e-commerce at Diapers.com as its new ...

African e-commerce startup Jumia’s shares open at $14.50 in NYSE IPO

Pan-African e-commerce company Jumia listed on the New York Stock Exchange today, with shares beginning trading at $14.50 under ticker symbol JMIA. This comes four weeks after CEO Sacha Poignonnec confirmed the IPO to TechCrunch and Jumia filed SEC documents. With the public offering, Jumia becomes the first startup from Africa to list on a major global ...

Walmart acquires adtech startup Polymorph Labs to scale up its ad business

Amazon has a large and growing advertising business, but rival Walmart’s own ad business is much smaller. It’s now working to change that. Earlier this year, the retailer consolidated ad sales for its stores and websites and said it was ready to start monetizing its shopper data on a grander scale. Today, its efforts continue ...

Amazon CEO Jeff Bezos challenges rival retailers to raise their minimum wages, too

Amazon CEO Jeff Bezos challenged rival retailers to increase their minimum wages to $16 per hour, in his annual letter to shareholders released on Thursday. Amazon in November had raised its own minimum wage to $15 per hour, in response to the ongoing criticism around pay disparity and poor working conditions. Bezos suggested other retailers ...

DHL launches Africa eShop app for global retailers to sell into Africa

DHL is launching an e-commerce app called DHL Africa eShop for global retailers to sell goods to Africa’s consumers markets. The platform goes live today and brings more than 200 U.S. and UK retailers—from Nieman Marcus to Carters—online in 11 African markets: South Africa, Nigeria, Kenya, Mauritius, Ghana, Senegal, Rwanda, Malawi, Botswana, Sierra Leone, and ...