diamler last mile

Here’s what you should know.

1. Diamler invests in last mile robotics delivery startup

Auto maker Daimler AG has led a $17.2 million investment in London-based Starship Technologies. The company has presented a “Robovan” prototype, which would transport a batch of drones to a location where they can fan out to take packages the last mile of the delivery route. They can deliver up to three shopping bags worth of goods over a three-mile distance in about 30 minutes.

By being on the ground, it doesn’t face as many regulation guidelines as drones in the air.

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2. Singaporean online art platform, The Artling gets funding

The Artling announced that it has raised a series A worth US$1.75 million. The funding comes from Edipresse Media. The startup will use the funding to hire more people and focus more on marketing, two areas it held off on previously in order to control its spending. It will also be moving into a larger space as the team grows.

Read the rest of the story here.

3. China’s brick-and-mortar retailers likely to bottom out in 2017 

Positive signs emerged in December as sales for the top 50 retailers jumped 5.1% year on year, reversing a 5.6%  year-on-year decline in the same month in 2015. December also marked the biggest monthly increase in 2016.

“We believe 2017 is likely to be a year of stabilization for China and Hong Kong retailers, due to easier [comparable same-store sales] and lower pressure from operating expenses.” – Nomura analysts Emily Lee and Scott Hong.

Read the rest of the story here.

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