“That remained true in Q4, as e-commerce sales were up 35% with online grocery helping drive those increases. However, in a quarter that’s all about boosting business by way of holiday shopping, it’s worth noting that Walmart’s e-commerce sales were up by 41% last quarter, more than the 35% in Q4.” https://www.google.com/amp/s/techcrunch.com/2020/02/18/walmart-reports-lower-than-expected-q4-earnings-despite-e-commerce-sales-growth-of-35/amp/
Tag: AI eCommerce
eCommerce paltform Near.Store raises $300,000 seed fund
“Once plugged in, the AI and ML algorithms on the platform take over and manage the various aspects of discovery (SEO), discovery and hyper-local promotion of the store website.” https://www.google.com/amp/s/m.economictimes.com/small-biz/startups/newsbuzz/ecommerce-paltform-near-store-raises-300000-seed-fund/amp_articleshow/74242969.cms
Teikametrics Raises $15M Funding to Accelerate its AI-Powered Multi-Channel Optimization Solution
“Teikametrics uses its proprietary AI to automate and simplify decision making for over 3,000 emerging brands generating billions of dollars in sales on Amazon and Walmart. Its SaaS platform, Teikametrics, a leading SaaS provider of AI-powered optimization for brands and sellers on Amazon and Walmart, announced the completion of a $15 million strategic funding round…
SoftBank Earmarks $1B For eCommerce, Healthcare And FinTech In LatAm
“SoftBank has put money into the delivery startup Rappi in Colombia; Gympass, a Brazilian fitness company; and the FinTech Uala, based in Argentina. Softbank’s move into Latin America is also looking at artificial intelligence (AI) startups that apply the technology to food-related businesses, particularly plant-based food.” https://www.google.com/amp/s/www.pymnts.com/news/investment-tracker/2020/softbank-earmarks-1b-ecommerce-healthcare-fintech-latam/amp/
‘With AI, ML, fashion shifts from ecommerce to ‘a-commerce”: Abdullah Abo Milhim
“Previously, technology was one of the aspects that could change the business model; now, technology drives the entire business model. Since 2018, we have seen a shift from e-commerce to a-commerce—automated or augmented commerce—which means consumers can use technologies to tell the business about the kind of product they want.” http://www.forbesindia.com/article/special/039with-ai-ml-fashion-shifts-from-ecommerce-to-039acommerce039039-abdullah-abo-milhim/57365/1 Abdullah Abo Milhim http://linkedin.com/in/abdullahabomilhim