14 December, 2016 by The TZ Newswire Staff Comments Off on Chinese Consumer Group Alleges Singles’ Day Discount Fraud
Chinese Consumer Group Alleges Singles’ Day Discount Fraud
A Chinese consumer group is urging the government to investigate fraudulent discount offers from this past Singles’ Day. The Chinese state-backed group alleges that some 17 percent of the holiday discounts offered on this year’s Singles’ Day online shopping event were fake.
14 December, 2016 by The TZ Newswire Staff Comments Off on Google’s Self-Driving Project Goes Solo
Google’s Self-Driving Project Goes Solo
Google’s quest for autonomous vehicle technology officially has a name — Waymo.
Starting today (Dec. 14), Google’s self-driving project has been moved out of the X division. The former Google project is now a standalone company that falls under the ever-widening Alphabet umbrella. The name Waymo is apparently derived from its mission statement — finding “a new way forward in mobility.”
14 December, 2016 by The TZ Newswire Staff Comments Off on Hertz Partners With Shift Technologies
Hertz Partners With Shift Technologies
Rental car giant Hertz recently announced it teamed up with startup Shift Technologies, said Fortune. Shift Technologies is an online used-car marketplace.
Under the new deal, Shift Technologies will feature and sell used vehicles from Hertz’s rental inventory, giving Hertz access to an additional retail sales channel. As of now, Hertz sells most of its cars at auction.
14 December, 2016 by The TZ Newswire Staff Comments Off on Investment Tracker: Bink Links Payments To Loyalty
Investment Tracker: Bink Links Payments To Loyalty
Overall investment spend for the second full week of December came in at $686 million, swayed by a few key investments across few triple-digit deals, reversing some anemic weeks over the course of the last several and led by B2B deals. That shows up as a bit of an anomaly as FinTech has traditionally led the way. This past week, B2B was almost 70 percent of the investment activity.
14 December, 2016 by The TZ Newswire Staff Comments Off on Amazon Made Majority Of eCommerce Growth In Q3
Amazon Made Majority Of eCommerce Growth In Q3
New insight into eCommerce growth in the third quarter of 2016 has found that publicly traded online retailers outperformed even the overall well-performing eCommerce market — with gains largely due to Amazon.
The Department of Commerce released data in November that showed that eCommerce in the U.S. continued to see growth in the third quarter of 2016. Total online sales grew 15.6 percent in the third quarter year over year.
14 December, 2016 by The TZ Newswire Staff Comments Off on CashStar Releases New eGifting Solution
CashStar Releases New eGifting Solution
The gift of giving just got a whole lot easier and more digital, thanks to one Portland, Me.–based company. Prepaid commerce solutions provider CashStar recently announced the release of its new Product eGifting solution for retailers.
14 December, 2016 by The TZ Newswire Staff Comments Off on Online Shopping Up, Local Communities Down
Online Shopping Up, Local Communities Down
As eCommerce gains more clicks and more transactions, online shopping sales have increased to a breaking 15 percent over last year. U.S. consumers spent $12.8 billion online, according to Villanova University’s business school. That’s just between Thanksgiving Day and Cyber Monday.