Media

For the past few years, Pinduoduo has been widely regarded as Alibaba’s strongest challenger. While Alibaba reported 863 million annual active consumers across its retail platforms in the 12 months ended September, Pinduoduo’s monthly active users exceeded 740 million in the quarter end

People come together around the dinner table and the food they love, but for Umamicart founder and CEO Andrea Xu, it wasn't always easy to find the ingredients to make the foods she grew up eating with her family. Xu's parents are Chinese, but moved to Spain, opening up their own Chinese re

Meta’s (formerly, Facebook’s) experimental app division, the NPE team, is shifting gears. The group, which first launched in mid-2019, has been focused on building consumer-facing apps that would allow the company to test out new social features and gauge people’s reactions. Over

IRL, the SoftBank-backed social app and recent unicorn, is today announcing its first acquisition. The company is purchasing, for an undisclosed sum, the “digital nutrition” company AeBeZe Labs and its portfolio of IP with the goal of making IRL a healthier and more ethically designed s

Online grocery sales are in single digits right now, but new data suggests it will top 20% by 2026 due to more consumers getting comfortable buying their groceries this way over the past two years. JOKR, an instant grocery delivery startup based in New York and operating in the Americas, is getting

The holiday shopping season kicked off last week with some lackluster results, but employers are still in dire need of workers. The tight labor market, driven in part by “The Great Resignation,” is highlighting the need for more tech-enabled tools for connecting employers with available workers

Sourcing and importing goods from overseas can go very wrong, leaving companies in a position of not receiving what they paid for or even getting nothing. Manuel Rodriguez Dao, co-founder and CEO of Mexico City-based Meru.com, and co-founder Federico Moscato, learned this the hard way when they wer

Technology and visual effects startup Monsters Aliens Robots Zombies (MARZ) has raised $5.3 million in Series A funding. The investment was led by Round13 Captial with participation from Rhino Ventures and Harlo Equity Partners. MARZ plans to use the funding to grow its core VFX business and accele

Less than 20% of India's 1.3 billion people speak English. But LinkedIn, the largest professional social network globally, has so far catered only to this sliver of the population in the world’s second largest internet market. On Thursday, the Microsoft-owned service said it's beginn

A new study claims that Amazon makes far more from fees on its Marketplace platform than even the cash cow known as AWS. The report says that Amazon’s fees for participating effectively on its store have grown to the point where sellers now give the company about 34% of their earnings — and

The fintech giant Square is changing its name to Block, effective December 10. The name change, which has been in the works for over a year, is intended to house the company’s various products — including music streaming service Tidal, Cash App, TBD, and of course, Square — under

Dating app giant Match has settled its lawsuit with a group of Tinder founders and executives for $441 million. The suit, filed in 2018, had alleged that IAC and its then-subsidiary Match Group had manipulated financial data in order to create a false, “lowball valuation” of the dating

Reddit is rolling out several new real-time features including voting and comment count animations, typing indicators, reading indicators and new comment indicators. The new features are rolling out globally across Reddit’s desktop, iOS and Android apps starting today. With this latest update

During the pandemic, more consumers turned to music and podcasts for entertainment from the comfort of their homes, driving exponential growth in audio media. In fact, eMarketer estimates that U.S. radio and digital audio services will pull in $16.8 billion in ad spending this year. While audio'