Pixibo Gets New Funding to Address Fashion Ecommerce’s Biggest Problem with AI

Written by: admin on January 10, 2019

Fashion AI Platform from Singapore Gets Additional Series A Funding to Fuel Its Innovation

Pixibo, a Singaporean AI-based fashion personalization platform, has raised an undisclosed amount in a follow-on Series A funding round from a few angel investors. Addressing the online fashion industry’s oldest problem — high return rate — Pixibo uses an AI technology, named PI, to help customers find and predict the most suited and most-liked items of clothing.

With the new funding, Pixibo hopes to continue innovating the cutting edge technology in the retail personalization space and expand its offerings. This includes a foray into the footwear category.

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Outlet Malls in China Engage WeChat to Drive Online Traffic to Offline Stores

With six locations in China, the luxury outlet Florentia Village launches its official WeChat mini-program to enhance the connection between its physical outlets and digital channels. This comes seven months after the establishment of its ecommerce platform.

Florentia Village’s WeChat mini-program offers information including store locations, event updates, and membership program. Outside China, luxury outlets also incorporate WeChat to lure Chinese spenders, knowing that they’d enjoy the same digital retail experience in China as abroad.

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Malaysian Biscuits Manufacturer Targets Up to 10% of the Total Sales to Come from Ecommerce in 2019

The manufacturer of Julie’s biscuits sets an optimistic ecommerce sales growth of 5-10% of the total sales, considering it has just entered Lazada and Shopee last year. Still, Julie’s Manufacturing is confident in the support gained by the leading e-marketplaces to be an uptrend.

In addition, the company is planning to gradually revitalize its brand for a fresher look and better taste. This includes a change in packaging design and an increase in flavors. Under Julie’s 2019 strategy, foreign markets such as Thailand, China, and Singapore will also be their focus besides Malaysia.

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JD.ID in Talks to Pump Capital into Go-Jek, Link Shopping Site to Go-Jek's App

The Indonesian subsidiary of China’s JD.com is reportedly discovering the possibilities of pouring in over hundreds of millions of dollars into Go-Jek. Both JD.ID and Go-Jek have neither clarified nor confirmed.

According to sources, the two companies are now considering adding to Go-Jek’s app a direct link to JD.com’s Indonesian shopping site. The report also said that Go-Jek is planning to acquire a majority stake in an Indonesian logistics business partly owned by JD.com.

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Indonesia's Former Finance Minister is Appointed as Tokopedia's New President Commissioner

Agus Martowardojo will join Tokopedia as its president commissioner who will help the company develop its ecosystem into infrastructure-as-a-service (IaaS), seeking to empower and strengthen Indonesia’s economy in an inclusive manner, both online and offline.

The former finance minister has over 30 years of experience as a banker, Finance Minister, and Central Bank Governor. Martowardojo held posts as Indonesia’s Minister of Finance (2010-2013) in which he was recognized as Finance Minister of the Year for Asia Pacific from The Banker (Financial Times) in 2012.

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Grab is Ready to Roll Out 200 Electric Vehicles by Hyundai Konas in Singapore

Having purchased 200 Hyundai Kona electric cars, Grab eyes the launch of its initial batch of 20 vehicles on Friday into Singapore’s streets. The rest of them will be introduced over the next few weeks. With this, Grab will be one of the biggest EV fleets in Singapore.

It has been also working with Singapore Power to install about 40 charging points at the end of 2018. These are placed at suitable locations so the drivers do not have to worry about where the cars can be charged.

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