As traditional brands grapple with a new world where selling online is as much or perhaps even more important than how you are positioned in a physical store, a startup that helps them get all their inventory, marketing and selling strategies all on one page has raised a significant round of funding.
Salsify, which provides brands and the companies behind them a single place to track product inventories, manage how they are described and sold across a disparate array of online and offline locations, and then run analytics on the data to figure out what next steps to take, has closed $155 million in a Series E round of financing led by Warburg Pincus, with other unnamed investors participating.
The funding is coming on the back of a big 2020 for Salsify, which, like a lot of other companies working in the wider area of e-commerce, has seen
For the first time in more than 20 years since Apple began its operations in India, the iPhone-maker has started selling its products directly to consumers in the world’s second largest smartphone market.
Apple launched its online store in India on Wednesday, which in addition to offering nearly the entire line-up of its products, also brings a range of services for the first time to consumers in the country. India is the 38th market for Apple where it has launched its online store.
Consumers in India can now purchase AppleCare+, which extends warranty on products, and access the trade-in program to get a discount on new hardware purchases. The company said it will also offer customers support through chat or telephone, and let users consult its team of specialists before they make a purchase. The company is also letting customers order customized versions of iMac, MacBook Air, Mac
The September 20 deadline for a purported TikTok sale has already passed, but the parties involved have yet to settle terms on the deal. ByteDance and TikTok’s bidders Oracle and Walmart presented conflicting messages on the future ownership of the app, confusing investors and users. Meanwhile, Beijing’s discontent with the TikTok sale is increasingly obvious.
China has no reason to approve the “dirty” and “unfair” deal that allows Oracle and Walmart to effectively take over TikTok based on “bullying and extortion,” slammed an editorial published Wednesday in China Daily, an official English-language newspaper of the Chinese Communist Party.
The editorial argued that TikTok’s success — a projected revenue of about a billion dollars by the end of 2020 — “has apparently made Washington feel uneasy” and prompted the U.S. to use “national security as the pretext to ban the short video sharing app.”
The official message might stir
A little more than a year ago, during Tesla’s 2019 shareholder’s meeting, CEO Elon Musk said the company “might get into the business of mining minerals used in electric vehicle batteries.”
Today, during Tesla’s so-called Battery Day event, Musk confirmed that the company is taking the first official step by securing the rights to a 10,000-acre lithium clay deposit in Nevada.
The lithium mine is just one piece of Tesla’s broader plan to build a cheaper, more efficient battery that will ultimately allow it to lower the price of its vehicles. It’s also another example of Tesla aiming to bring its supply chain closer to its home.
Musk and Drew Baglino, the SVP of powertrain and energy engineering at Tesla, laid out the company’s plans and progress to eventually have 10 to 20 terawatt hours of annual battery production. At the heart of that plan is a new
Caura, a new U.K. startup that aims to take the hassle out of car ownership, is breaking cover today. Founded by Sai Lakshmi, who previously co-founded Echo, the medication management service acquired by LloydsPharmacy owner McKesson, Caura is an iOS app designed to manage all of the vehicle-related admin that car owners endure.
Drivers are on-boarded to Caura by entering their vehicle registration number. They’ll then be able to manage parking, tolls, MOT, road tax, car insurance and congestion charges — a “one-stop shop” app in a similar vain to Echo, perhaps. The idea is that Caura minimises car ownership admin and helps to mitigate associated penalty fines.
“After my girlfriend racked up hundreds of pounds of parking fines, I started doing market research,” explains Lakshmi. “It was clear there was an opportunity to build something in the space that made life easier for drivers — after all, I’d
For Tesla to reach the ambitious goal of 10 to 20 terawatt hours of battery production per year that the company has set, it will need to advance the battery and its production.
Today, during Tesla’s self-described Battery Day event, the company laid out a series of innovations that its CEO Elon Musk said will get it there. And it all starts with a new construction of the battery itself.
As part of its announcements, the company has announced the creation of a new cell design, which the company said has a new 80 millimeter length that will give the cells five times the energy density, six times the power, and enable a 16% increase in range.
“We’re starting to ramp up manufacturing of these cells at our pilot 10 gigawatt manufacturing facility just around the corner,” said Drew Baglino, the SVP of powertrain and energy engineering at Tesla.