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As Temu shakes up global ecommerce, PDD nears overtaking Alibaba

TechCrunch

PDD, the firm behind the fast-growing shopping app Temu, is shaking up China’s Big Tech club. On Thursday, news of Alibaba’s market cap sliding under that of PDD made headlines all over the Chinese internet. This development marked a historic shift in China’s e-commerce space, where for years Alibaba had held the crown jewel.

eCommerce 293
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Wish files to go public with 100M monthly actives, $1.75B in 2020 revenue thus far

TechCrunch

This morning Wish , a well-known mobile ecommerce startup, filed to go public. As going to stores became more risky over time, many shoppers turned to buying more goods from the Internet, bolstering ecommerce players like Shopify, BigCommerce, as well as companies that facilitate online payments, like Square and PayPal.

eCommerce 294
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Nestlé acquires healthy meal startup Freshly for up to $1.5B

TechCrunch

” “Consumers are embracing ecommerce and eating at home like never before,” said Nestlé USA Chairman and CEO Steve Presley in a statement. “It’s an evolution brought on by the pandemic but taking hold for the long term.

eCommerce 346
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Revenue-based financing platform Bloom secures $377M Series A led by Credo and Fortress

TechCrunch

We estimate that ecommerce merchants have incurred £125-£200 million in excess fees based on the current pricing status quo. Christopher Dailey, Credo Capital added: “Demand for eCommerce lending has expanded in Europe. CEO James Hickson said in a statement: “We are not another revenue-based lender.

eCommerce 246
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Post-Pandemic eCommerce Growth: Leverage Product Data, Market Research & Shopping Trends

Speaker: Phil Irvine, VP & Director of Audience Intelligence

This philosophy still remains a staple for eCommerce growth, but the approach has had to evolve drastically as a result of the pandemic. To accomplish this, organizations have traditionally leaned into historical customer and product data to predict how to engage with their current and future customers in a personalized manner.

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All IPOs should be paid for in Robux

TechCrunch

All things Wish IPO , including what’s up with its revenue costs, and the broader ecommerce market. Danny and I and Chris got together to chat about a few things that we could not leave out: Our piece looking at which venture capital firms are expected to make the most bank from the recent IPO deluge.

eCommerce 297
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Printify bags $45M, led by Index, to ride the custom printing boom

TechCrunch

Also participating in the funding round: H&M Group, Virgin Group, plus the founders of Transferwise, Vinted, Squarespace, RedHat, and entertainment industry investors including Will Smith’s Dreamers VC and at least one other person who Printify has asked us not to name for unspecified legal reasons.

eCommerce 258
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Bridging the Online and Offline: How to Apply Product Thinking to Expanding Your eCommerce Business

Speaker: John Cutler, Product Evangelist and Coach at Amplitude

Join John Cutler, Product Evangelist and Coach at Amplitude, for this enlightening discussion on the current state of the ecommerce landscape. In this session, you will learn: How to shift your ecommerce strategy to encompass a more product-based ideology. How product data can optimize your subscription and loyalty models.

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7 Tips for Developing an In-Application Messaging Strategy

Automatically direct unpaid users to your ecommerce site. Software vendors are always looking for new ways to convert prospects to customers; and if you're selling your software online, driving and converting shopping cart traffic is crucial to driving new revenue. You will learn how to: Identify unpaid users of your software.