“Marc Lore, the head of Walmart eCommerce US, will leave the company at the end of January, Recode reported. Lore originally joined the company when he sold his startup, Jet.com, to Walmart for $3 billion in cash in 2016. Walmart’s e-commerce boomed under Lore’s leadership. The retailer’s annual sales growth in ecommerce surged to 50%…
Tag: Walmart
Walmart Joins Livestreaming Trend With TikTok; New ‘Shop Party’ App Debuts
“At a time when the coronavirus has sent record numbers of consumers online instead of to the mall, livestreaming is filling the social vacuum. There’s no better example of the trend’s proliferation than Walmart and TikTok, which on Thursday (Dec. 17) announced a “first of its kind” event scheduled for Friday, Dec. 18 at 8…
Walmart: Moving Towards Profitability In ECommerce
“Moreover, during the first quarter of 2020, Walmart’s eCommerce business in the US grew 74%. This was up to 97% in the second quarter, largely attributed to more customers shopping online during the pandemic.” https://www.google.com/amp/s/seekingalpha.com/amp/article/4373606-walmart-moving-towards-profitability-in-ecommerce
China Tightens AI Export Restrictions
“Microsoft Corp., Walmart Inc. and Oracle Corp. have all expressed interest in the breakout app, the success of which rests on addictive video feeds powered by ByteDance’s AI-driven content-recommendation engine. China announced new restrictions on artificial-intelligence technology exports that could further complicate the sale of TikTok’s U.S. operations, while intensifying the tech battle between the…
How to Build the Ultimate Ecommerce App with Builder.ai’s Studio Store
“Not too long ago, NASDAQ predicted that by the year 2040, as much as 95% of shopping will be facilitated by ecommerce. Similarly, Shopify Plus estimates that by the year 2021, worldwide retail ecommerce sales will reach $4.9 trillion Today, it is either go digital or go home. So, for all businesses looking for an…