Tag: commerce

Tech

B2B data platform ZoomInfo was acquired by private equity firm Great Hill Partners for $240 million

ZoomInfo , the subscription-based B2B platform that sells access to company data such as contact details, employment history, and other background information, was acquired earlier this week by Boston-based private equity firm Great Hill Partners. But the company didn’t reveal how much it was acquired for — until now. A ZoomInfo spokesperson has confirmed to…

Cloud

Alibaba beats analysts estimates with Q1 revenue growth of 56%

(Reuters) — Alibaba, China’s top e-commerce firm, beat analyst’s estimates with a 56 percent rise in first-quarter revenue, driven by growth in online sales which make up most of its business. Thursday’s results show that Alibaba Group Holding, one of Asia’s most valuable companies, is benefiting from more and more Chinese buying an increasing proportion…

Tech

Roxi music: Electric Jukebox takes on Spotify with a $200 streaming box aimed at families

A hardware-based music-streaming service that only works through your TV? That’s exactly what Electric Jukebox brought to market in the U.K. last year . And now, it’s coming to the U.S. too. Backed by big names such as Robbie Williams, Sheryl Crow, Alesha Dixon, and Stephen Fry, the original Electric Jukebox was met with derision…

Tech

Blockstack announces $25 million fund to rebuild the internet for a blockchain world

Blockchain startup Blockstack is out to build a decentralized version of the internet, where users own their own data and apps live locally on your device. The idea is to free users from security breaches, platform lock-in, and a loss of control over their data. Its challenge now is to get a whole host of…

Mobile

DoorDash trials food delivery via Marble’s autonomous robots

DoorDash is doubling down on its efforts to embrace robots and enhance its on-demand food delivery service. The San Francisco-based company is partnering with robotics startup Marble for a pilot program that will kick off initially in the San Francisco Bay Area. Marble began life in San Francisco in 2015, but only emerged out of…

Tech

Amazon will pay developers with the most engaging Alexa skills

Amazon today announced a new program  to bring revenue to developers of Alexa skills based on how much engagement their voice app is able to generate among users of Alexa-enabled devices. Amazon appears to be the first of the major tech companies with AI assistants and third-party integrations — like Google, Samsung, Apple, and Microsoft…

Mobile

State-owned telecom giant China Unicom to raise $11.7 billion from private firms

(Reuters) — Telecoms group China Unicom said it is raising $11.7 billion from investors including tech giants Alibaba Group and Tencent Holdings, as part of Beijing’s push for state-owned enterprises to be revitalized with private capital. The board of China Unicom’s Shanghai-listed unit, China United Network Communications, has approved an issue of shares to the…

Tech

Smartphone repair service CellSavers rebrands as Puls, raises $25 million to expand into the smart home

CellSavers , a company specializing in on-demand repairs for mobile devices, has announced a name change and a fresh $25 million in funding as it looks to expand into all manner of domestic digital repair services. Founded out of San Francisco in 2015, CellSavers has so far offered direct-to-home (or office) repairs for smartphones and tablets,…

Tech

Amazon is launching Instant Pickup to fulfill orders in 2 minutes or less

Amazon today announced plans to launch Instant Pickup, a new service for Amazon Prime or Prime Student members that fulfills orders made with the Amazon app in two minutes or less. All Instant Pickups will initially operate out of lockers on college campuses, an Amazon spokesperson told VentureBeat. Instant Pickup will launch this week in…

Tech

NuOrder raises $8 million to create a digital catalog for brands

EXCLUSIVE: NuOrder , which connects brands and retailers to optimize inventory and orders, today announced funding of $8 million. The round was led by Argentum, with participation from returning investors Upfront Ventures, Greycroft Partners, Cowboy Ventures, Novel TMT, and Box Group. “B2B ecommerce is widely different than B2C,” said cofounder and co-CEO Heath Wells, in…