Rockets-of-Awesome

Before you start your Wednesday, check out these ecommerce headlines.

1. Subscription ecommerce startup Rockets of Awesome raised $12.5 million

Although a Western startup, Rockets of Awesome showcases the rising popularity of subscription ecommerce models. Users can sign up for the services, which survey them about their likes, dislikes, preferred brands and price points, then they begin receiving pre-scheduled or on-demand deliveries of clothes that they can either keep or return. The startup is geared towards kids, and sends parents seasonal items of clothing.

The company makes its own apparel, hereby cutting out the middle man and producing in-house.

Read the rest of the story here.

 

2. Thailand’s Bank of Ayudhya mulls more fintech investments

Bank of Ayudhya (BAY) and its financial technology venture arm are looking to directly invest in three companies in order to keep the bank’s competitive edge. Krungsri Finnovate is eyeing two payment fintech firms and another that uses artificial intelligence, said Thakorn Piyaphan, head of digital banking and innovation and head of Krungsri Consumer Group.

Read the rest of the story here.

 

3. Ecommerce’s demand for Chinese postal services

According to China’s State Post Bureau, online purchases generate more than 21 billion of the 30 billion packages delivered this past year in the country. The year before saw 20 billion total packages, including both ecommerce and other parcels. And as Alibaba and JD.com are gaining international appeal, more shipments are going and coming overseas.

Nearly 30 percent of the total are packages being shipped from the United States.

Read the rest of the story here.

 


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