Wedo, a UK-based online furniture retailer, has raised £3m in new VC funding led by MMC Ventures, with participation from existing seed backers and a number of unnamed private equity investors.
03 December 2013
Two of Rocket’s big e-commerce plays, Zalora and The Iconic, raised $112m to keep growing out the business, targeting 600m potential online shopping customers in the Asia-Pacific region.
NCR, the maker of cash registers and other payment-processing systems, agreed to acquire Digital Insight for $1.65bn to gain software for online and mobile banking.
02 December 2013
Still waiting on FAA approval, the drones will be able to carry packages under 5 pounds delivering them up to 10 miles from its distribution centers.
Founded in 2010, the company plans to sell the data it gets from consumers to the fashion industry. To date it has raised $2.8 million across two rounds.
With a market capitalization of $107bn, Chinese Internet company Tencent is bigger than Yahoo, Twitter, and LinkedIn combined.
The fan, BItcoinPitcher2, expected a few people would scan code and send money, instead he received about 22.4 bitcoins or around $22,000.
Thanksgiving Day, consumers spent $766m online, up 21% from 2012. Comparing 2013 season so far to earlier start in 2012 holiday spending is up 24%, from $16.5bn.
29 November 2013
Bitcoin’s recent meteoric rise in value to over $1,000 has shone the spotlight on alternative currencies, but bitcoin is not the only new digital currency vying for relevancy in 2013.
Mobile traffic was up 31% YoY accounting for 37.5% of all shopping traffic. Online sales were strong with 23.5% of all sales being consummate on a mobile device.