“Club Factory, an AI-based ecommerce company that sells clothing, accessories, electronics and other items, has raised a $100 million round. The Series D was led by Qiming Venture Partners, with participation from Bertelsmann, IDG Capital and others, per TechCrunch. The Chinese business reportedly plans to use the funding to expand its operations in India.” https://pitchbook.com/newsletter/chinese-ecommerce-startup-pockets-100m…
Month: October 2019
AI Stats News: 62% Of US Consumers Like Using Chatbots To Interact With Businesses
“Consumers in Australia, the UK, and France report the highest levels of chatbot usage, with more than 70% of respondents having used one to interact with a brand in the past year 80% used them for customer care more than 70% of people 18-34 years old wanting the option to message with businesses; Manpower found…
Google searches for better results with AI
“This shift, announced Friday, moves the world’s biggest search engine from spitting out results based on keywords to “something closer to language,” said Ben Gomes, the search chief for Alphabet Inc.’s Google. “We’re very far from solving the problem fully, but this is a huge step forward,” he said at a press briefing.” https://www.google.com/amp/s/www.livemint.com/v/s/www.livemint.com/technology/tech-news/google-searches-for-better-results-with-ai/amp-11572021992410.html%3famp_js_v=0.1&usqp=mq331AQCKAE%253D#ampf=
Avoid a Black Friday, Cyber Monday Disaster With Intelligent Testing | E-Commerce | E-Commerce Times
“Over the five days from Thanksgiving to Cyber Monday 2018, 165 million shoppers spent more than US$300 each, on average A failure during this period would be devastating, bringing bad headlines and loss of revenue, and probably losing valuable future custom. So, how do you avoid these pitfalls? The answer is to ensure your site…
How To: Stay 1 step ahead of the online holiday shopping crunch | How To | Retail Customer Experience
“Black Friday 2018 did not disappoint, pulling in $6.22 billion in online sales — up 23.6% from 2017 and setting “a new high,” according to Adobe Analytics. The Friday after Thanksgiving 2018 was also the first day in history to see more than $2 billion in sales come from smartphones. How then can companies avoid…