“Syte’s product discovery platform enables brands and retailers to automatically create personalized journeys, introducing each unique shopper to the products they’re most likely to buy in the way they most prefer to shop. These bespoke journeys are proven to increase online conversion rates by an average of 177% and average order value by 9.8%.” https://www.prnewswire.com/il/news-releases/syte-launches-first-ai-powered-product-discovery-platform-yielding-177-increase-in-ecommerce-conversion-301249413.html
Tag: AI eCommerce
JD.com Sells Off Cloud, AI Units To Its FinTech Arm
“Chinese eCommerce giant JD.com said on Wednesday (March 31) that it had officially sold its JD Cloud and artificial intelligence (AI) business to its FinTech unit for a combined valuation of $2.4 billion” https://www.google.com/amp/s/www.pymnts.com/news/acquiring/2021/jd-sells-off-cloud-ai-units-to-fintech-arm/amp/
E-commerce roll-ups are the next wave of disruption in consumer packaged goods
“Roll-ups are the aggregation of smaller companies into larger firms, creating a potentially compelling path for equity value. Right now, all eyes are on Thrasio, the fastest company to reach unicorn status, and its cadre of competitors, such as Heyday, Branded and Perch” E-commerce roll-ups are the next wave of disruption in consumer packaged goods
Y Combinator-backed Vue Storefront aims to be the ‘glue’ for e-commerce
“While most headless commerce companies are focused on creating back-end infrastructure, Vue powers the front end, namely the progressive web applications with which consumers actually interact. The company describes itself as “the lightning-fast front-end platform for headless commerce.” ‘You are like the glue. Headless was so complex to me, and then I got this Vue…
Indian beauty e-commerce Purplle raises $45 million
“Eight-year-old Purplle.com, which counts Goldman Sachs among its investors, says it sells nearly 50,000 products from over 1,000 brands. The startup said it has amassed 7 million monthly active users.” https://www.google.com/amp/s/techcrunch.com/2021/03/22/indian-beauty-e-commerce-purplle-raises-45-million/amp/