Walmart partners with Rakuten to open its first e-commerce store in Japan

Walmart is continuing its strategy of revamping its businesses in Asia after the U.S. retail giant opened its first e-commerce store in Japan, where it is working with local retail giant Rakuten. The companies first announced a collaboration in January when they agreed to team up on the launch of an online grocery service in Japan … Read moreWalmart partners with Rakuten to open its first e-commerce store in Japan

Payment service Toss becomes Korea’s newest unicorn after raising $80M

South Korea has got its third unicorn startup after Viva Republica, the company beyond popular payment app Toss, announced it has raised an $80 million round at a valuation of $1.2 billion. This new round is led by U.S. firms Kleiner Perkins and Ribbit Capital, both of which cut their first checks for Korea with this … Read morePayment service Toss becomes Korea’s newest unicorn after raising $80M

Mogu’s long journey: From rejecting Alibaba’s advances to US IPO

Mogu, a Tencent-backed service that offers fashion content and products to young women, has joined a string of Chinese tech companies pressing ahead to sell their shares through initial public offerings in the US before the year-end. Mogu priced its sale at $14 per share on Wednesday, toward the lower end of a marketed range. … Read moreMogu’s long journey: From rejecting Alibaba’s advances to US IPO

PayPal: Black Friday & Cyber Monday broke records with $1B+ in mobile payment volume

Black Friday broke records in terms of sales made from mobile devices, according to reports last week from Adobe. This week, PayPal said it saw a similar trend during the Thanksgiving to Cyber Monday shopping event. PayPal saw a record-breaking $1 billion+ in mobile payment volume for the first time ever on Black Friday – a … Read morePayPal: Black Friday & Cyber Monday broke records with $1B+ in mobile payment volume

Nike uses AR to tease its biggest Jordan launch of the year

If you want to have a look, you only have to find the shoes, tap a camera button and then tap on a flat surface to ‘pin’ the sneakers and walk around them. This isn’t the same as putting them on your feet, of course, but it’s much better than staring at photos and wondering … Read moreNike uses AR to tease its biggest Jordan launch of the year

Amazon’s Cyber Monday was the biggest shopping day in the company’s history

Amazon said on Tuesday it just had its biggest shopping day in the company’s history on Cyber Monday (Monday, November 26), based on the number of products sold worldwide. That means the shopping event topped Black Friday and even Amazon’s own sales event known as Prime Day, which this July had become the biggest sales … Read moreAmazon’s Cyber Monday was the biggest shopping day in the company’s history

Alexa can now help you donate to Toys for Tots and other charities

Fresh off its biggest shopping day in history, Cyber Monday 2018, Amazon today is making it easy for Alexa owners to participate in Giving Tuesday, the international day of charitable giving that follows the holiday shopping spree kicked off by Thanksgiving Day sales. Starting today, Alexa owners can donate a toy to a child in … Read moreAlexa can now help you donate to Toys for Tots and other charities

Alibaba-backed parenting site Babytree starts taking orders for downsized IPO

A lot of Chinese millennials may be delaying or opting out of childbearing, but those who have committed to parenting often go all out to ensure their children grow up healthy and do well in school. One company capitalizing on China’s booming mother and infant industry – which is expected to double in market valuation … Read moreAlibaba-backed parenting site Babytree starts taking orders for downsized IPO

Over a third of online Black Friday purchases came from phones

This comes on the back of a spike in Black Friday sales, with people spending $6.22 billion (a 23.6 percent increase over 2017). Not surprisingly, tech led the way — laptops, Let’s Go Pikachu/Eevee and God of War were some of the biggest hits on Black Friday, while the day before saw people snapping up … Read moreOver a third of online Black Friday purchases came from phones

Vision Direct reveals breach that skimmed customer credit cards

European online contact lens supplier Vision Direct has revealed a data breach which compromised full credit card details for a number of its customers, as well as personal information. Compromised data includes full name, billing address, email address, password, telephone number and payment card information, including card number, expiry date and CVV. It’s not yet … Read moreVision Direct reveals breach that skimmed customer credit cards