Social shopping platform Fancy said it has closed a new financing round that’s reportedly worth as much as $20 million, according to TechCrunch. The New York-based startup, which hasn’t made a filing with the U.S. Securities and Exchange Commission since its last Series C round...
Facebook’s new features that make it a bit easier for users to sell items represent a minor social commerce update. But they’re also a return to an old challenge: how to challenge Craigslist as the king of online classified ads, according to Bloomberg News. The...
Facebook currently reaches more than 1 billion people, but what CEO Mark Zuckerberg really wants is to reach is the whole world. So far, he’s about 6 billion short. To bridge that gap, Zuckerberg has led his company’s reach into emerging countries that aren’t as familiar with...
Twitter didn’t divulge details about its payments or commerce strategy during the company’s fourth-quarter earnings call yesterday (Feb. 5) — even when questioned by an analyst. But the social media company that’s slowly making its name in the payments space did generate some buzz about its...
Chinese online giants Alibaba and Tencent, who have gone toe-to-toe over everything from taxi rides to banking, appear to be escalating their battle once more, Tech in Asia reported. The most recent move: Tencent’s hugely popular social media service WeChat has been cutting links between...
Facebook plans to test beacons in New York City as a way of connecting its mobile users to the Facebook pages of nearby shops and landmarks, the New York Times reported on Thursday (Jan. 29). The new service, known as Place Tips, will require installing...
Imagine a world where mobile is king, commerce is queen, and context is God. These, says Srinivas Nidugondi, SVP at Mahindra Comviva, are what rule when consumer shopping behavior is reimagined in the context of mobility. A successful mobile payments solution, he says, must adopt...
Facebook has 1.35 billion users and is responsible for $227 billion in global economic impact and 4.5 million jobs, according to a report the social network commissioned from consulting firm Deloitte. That makes Facebook more populous than any actual nation than China, with roughly the...
India’s largest private-sector bank will now let its customers use Twitter for real-time fund transfers, the Times of India reported on Monday (Jan. 19). Mumbai-based ICICI Bank said it is the first bank in Asia and only the second in the world to offer a...
