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ProSieben sees pressure easing as Netflix raises prices

“MUNICH (Reuters) – ProSiebenSat.1 Media believes that price increases by U.S. streaming giant Netflix could ease competitive pressures on the German group’s core TV business and is bullish on growth at its e-commerce arm, CEO Max Conze said” writes Midwest Communications Inc for 95kqds.com. Conze took the helm at the Munich-based broadcaster last June but has had a rough welcome from investors who have sent its shares to seven-year lows on doubts that he can revive its ailing free-to-air TV business.”That business is developing, growing rapidly and very synergistic with…

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Asia’s richest man to take on Amazon boss Jeff Bezos in India’s booming e-commerce sector

“It currently owns over 13m square feet of retail space, though a new wave of online retail in India is taking the company into new territory” writes Hasan Chowdhury for telegraph.co.uk. The trio of Reliance Industries’ businesses will combine to bring Indian merchants online.The e-commerce plans from the businessman will involve the combination of his mobile network operator Jio, which has 280m subscribers, with his additional mobile phone and physical retail ventures.Reliance Industries, the Mumbai-headquartered conglomerate owned by Mr Ambani, is drawing up plans to roll out its online shopping…

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Crypto News 

Blockchain Tries To Jolt B2B eCommerce Into The Digital Age

“The complexities and demands of B2B eCommerce can be significantly greater than those of the consumer digital shopping realm” reports pymnts.com. The company is also deploying blockchain to create a digital business identity for its users, a mechanism that Dibachi said will instill trust in the buyer-supplier relationship.In the B2B eCommerce application of such a solution, digital identities could potentially support Know Your Customer [KYC] and anti-money laundering [AML] compliance efforts, and — on a less concrete, but no less important level — promote trust between trading partners. Source: pymnts.com

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B2B eCommerce A Favorite Among Investors

“Based in Malaysia, Dropee operates a B2B eProcurement platform that caught the attention of investors at Vynn Capital” reports pymnts.com. The company claimed to have developed the first B2B eCommerce platform that automatically catalogues and digitizes information, with data stored on a proprietary blockchain system to manage product information and history.Reports in Token Post said Inxeption secured an undisclosed investment from UPS Strategic Enterprise Fund for its B2B eCommerce platform, with Inxeption noting that it will use the funding to develop new features and solutions for B2B buyer and seller…

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Group Nine Media’s last attempt at e-commerce ended in mass layoffs, but it’s trying again with a fresh approach

“Group Nine Media, the parent of NowThis, The Dodo, Thrillist, and Seeker, is taking another stab at building an e-commerce business” writes Lucia Moses for businessinsider.com. The company’s e-commerce ambitions go back to 2010, when Thrillist Media Group, one of Group Nine Media’s four brands, bought JackThreads, then a 2-year-old flash-sale site. Source: businessinsider.com

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Exclusive: India’s e-commerce curbs could hit online sales by $46 billion by 2022 – PwC draft analysis

“Online retailers often use gross merchandise value, or GMV, based on monthly online sales as a measurement of performance, as they typically make revenue from the commissions they get from sellers” writes Midwest Communications Inc for 95kqds.com. India’s commerce minister, Suresh Prabhu, has said the e-commerce policy was “very clear”, though the government was open to hearing views of companies.With rising use of the Internet and smartphones in India, online retailers have doled out discounts to lure people to shop online for everything from basic groceries to large electronic devices. Source:…

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Bold Commerce raises $16.5 million to bring AI to ecommerce stores on Shopify and elsewhere

“Founded out of Winnipeg, Canada, in 2013, Bold Commerce currently develops 20 apps that can be integrated with some of the big ecommerce platforms, including Shopify and Big Commerce” writes Paul Sawers for venturebeat.com. Bold Commerce, a software development company that builds tools, integrations, and enhanced functionality for ecommerce stores, has raised CDN$22 million ($16.5 million) in a series A round of funding from Whitecap Venture Partners and Round13 Capital.However, Bold Commerce can work directly with merchants to integrate its apps with any platform, including Magento, Demandware, and Woo Commerce, through…

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Crabtree and Evelyn to shut all but one store globally in move to online-only business

“Crabtree and Evelyn, founded in the United States in 1972, is currently owned by Hong Kong investment holding company Nan Hai Corporation” writes Tiffany Fumiko Tay for businessinsider.sg. They are moving towards an online business, but their logistics handling is a mess,” said Ms Tan, 42.Bath and body products retailer Crabtree and Evelyn will be shutting its 12 stores here in the coming months as it moves its operations online, with some outlets already emptied of goods. Source: businessinsider.sg

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Crypto News 

Japan: E-commerce Giant DMM Shutters Crypto Mining Business Due to Declining Profitability

“Japanese e-commerce conglomerate DMM.com Ltd. will shut down its crypto mining business, citing deteriorating profitability as the main cause” writes Marie Huillet for cointelegraph.com. DMM.com, which has over 27 million clients for its e-commerce business, first announced its entry into the crypto mining business in September 2017, with a focus on mining major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC).Local business magazine Toyo Keizai reported the shutdown on Dec. 30.According to Toyo Keizai, DMM is also reconsidering its launch of a crypto trading app dubbed “Cointap,” which…

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