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The TikTok deal solves quite literally nothing

Source: TechCrunch
Date:

Oracle, whose cloud infrastructure services run a laughable fourth to AWS, Alphabet*, and Microsoft, will be taking a 20 percent stake in TikTok alongside partner Walmart in what will be an investment round before TikTok Global (as the new entity will be called) goes public on a

Facebook launches commerce and connectivity-focuse

Source: eCommerce – TechCrunch
Date:

Facebook launched two 12-week accelerator programs for startups on Monday as the social juggernaut looks for new ideas and solutions to expand its commerce and connectivity efforts. Facebook’s Commerce Accelerator will select 60 startups from the EMEA and LATAM regions for the p

Rakuten is shuttering the online shop formerly kno

Source: eCommerce – TechCrunch
Date:

Rakuten bought Buy.com for $250 million back in 2010 in an attempt to expand its retail business out of its stronghold of Japan. Unfortunately the evolving market, aggressive growth (and targeting of rivals) at Amazon and, likely, the choice to rebrand the once well-known site un

India’s Flipkart secures $1.2 billion from Walmart

Source: eCommerce – TechCrunch
Date:

Walmart is increasing its majority-stake in Flipkart by leading a new $1.2 billion financing round in the Indian e-commerce giant.

Alibaba taps international influencers to sell mor

Source: eCommerce – TechCrunch
Date:

digital commerce makes shopping ubiquitous

Amazon begins selling items from neighborhood stor

Source: eCommerce – TechCrunch
Date:

Amazon said it piloted the “Local Shops on Amazon” program six months ago and has already on-boarded 5,000 local shops and retails from over 100 cities across India. These shops can list a variety of items on Amazon including products ranging from consumer electronics to mattr