Dec 7, 2018

Retail Technology & Ecommerce

Issue #30 — View online — Suggest a link

Retail Tech & E-commerce

Retail Tech & E-commerce news and trends, straight to your inbox 📩

Exciting week in ecommerce & retail tech, I’m writing this from China. From almost nothing, the China ecommerce sector has grown to more than the US and UK combined, see stat of the week below.

This Week: How China embraces Black Friday, The end of the beginning (video), Australian ecommerce step change, and the world’s first social ecommerce platform built on blockchain.

gokylekelly

Kyle

📈 STAT OF THE WEEK

Global Ecommerce Spending - 2005 vs 2016 - Ben Evans

US & China: Annual volume of packages 2006 vs 2016

📢 NEWS

After Singles’ Day, Chinese shoppers turn to Black Friday | Abacus

Looking for cheaper products and a sense of uniqueness, Chinese shoppers are beginning to target Black Friday

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Amazon is reportedly testing its cashier-less technology in larger stores - The Verge

The company has opened a number of smaller outlets throughout the US, and could bring the technology to its chain of Whole Foods stores.

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Walgreens launches next-day prescription delivery with FedEx to compete with Amazon

Amazon bought online pharmacy PillPack in June, but the deal has not closed yet, giving Walgreens and its rivals the chance to head off a possible disruption in the pharmacy space.

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Project Verte: Blockchain Technology in Ecommerce

Project Verte , the world’s first social ecommerce platform built on blockchain. With a mission of bringing greater transparency and wider participation into ecommerce.

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Yoox Net-a-Porter’s WeChat Weak Spot | The Daily

China may have played a role in Kering’s recent decision to take e-commerce in-house.

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Cleveron unveils self-driving parcel delivery robot - Postal and Parcel Technology International

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Amazon triggers 'step change' in Australian e-commerce

Amazon’s Australian launch 12 months ago may not have lived up to the hype but the behemoth is on track to replicate its US success after triggering a step change in the local market.

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Why This Luxury Goods Marketplace Startup Thinks It’s Popping Up at the Right Time – Adweek

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💰 FUNDING and M&A

Shopify Buys Sweden-based TicTail to Expand Global Presence

Shopify (SHOP) to acquire TicTail in a bid to expand international presence.

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Shogun Raises $2.1M in Funding | FinSMEs

Shogun, a Burlingame, CA-based e-commerce tech startup, raised $2.1m in funding. Backers included Initialized Capital and Y Combinator.

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Easyship, a Stripe for global e-commerce shipping, raises $4M – TechCrunch

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Real estate ecommerce platform BuildSupply raises $3.5 million from Venture Highway

BuildSupply plans to expand from the current 50 million square feet to about 300 million square feet of real estate projects over the next 18 months.

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🌟 SPOTLIGHT:

The end of the beginning — Benedict Evans

Ecommerce is still only a small fraction of retail spending, and many other areas that will be transformed by software and the internet in the next decade or two have barely been touched. Global retail is perhaps $25 trillion dollars, after all.

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$Ecommerce is still only a small fraction (10%) of total retail spending in the US, and many other areas that will be transformed by software and the internet in the next decade or two have barely been touched.$

Ecommerce is still only a small fraction (10%) of total retail spending in the US, and many other areas that will be transformed by software and the internet in the next decade or two have barely been touched.

Techstars Startup Digest Retail Tech & E-commerce is curated by:

Alice Knibbs
alice.knibbs@startupdigestmail.com

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