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China’s Alibaba files in U.S. for what may be biggest tech IPO

China’s Alibaba files in U.S. for what may be biggest tech IPO

Alibaba Group Holding Ltd, which powers 80 percent of all online commerce in the world’s second-largest economy, is expected to raise more than $ 15 billion, and could top the $ 16 billion pulled in by Facebook Inc when it listed in 2012.

The bulk of the proceeds will go to Yahoo Inc – which bought a 40 percent stake in Alibaba in 2005 for $ 1 billion and which must sell more than a third of its current 22.6 percent stake through the IPO. Alibaba also plans to sell new shares, people familiar with the plans have said, to bulk up a cash war chest depleted by a rash of recent acquisitions.

While the Alibaba brand is less well known in the United States than Internet companies such as Amazon.com and Facebook, the Chinese company’s listing has stirred the most excitement in Silicon Valley and Wall Street since Facebook’s record IPO. Alibaba will become the largest Chinese corporation to list in the U.S. – on either the New York Stock Exchange or the Nasdaq.

Alibaba handled more than 1.5 trillion yuan – about $ 248 billion – of transactions for 231 million active users across its three main Chinese online marketplaces in 2013, more than Amazon and eBay Inc combined. It did so with 20,884 full-time workers, fewer than eBay. ($ 1 = 6.2257 Chinese Yuan)

“If it’s able to transport that kind of power to outside China, it has the potential to become a true global e-commerce powerhouse,” said Roger Entner, lead analyst and founder of Recon Analytics. “Everybody thought Amazon could do it, but now we have to re-think Amazon in the light of being the most successful company in that field in the U.S. – but not in the world.”

Alibaba did not give any hints in its IPO prospectus about potential plans for the U.S. e-commerce market. Analysts said it was unlikely Alibaba would adopt the model favoured by Amazon, which sells goods directly to consumers using a sprawling network of warehouses.

By 2020, online retail sales in China will reach $ 420-$ 650 billion, as much as the United States, Japanese, UK, German and French markets combined, according to a recent analysis by McKinsey Global Institute.

Alibaba’s decision to list in the United States was a blow to the Hong Kong stock exchange, which was initially its preferred IPO venue, but the city’s regulators balked at any potential violation of the “one-share-one-vote principle.”

Source: reuters.com

Publication date: 5/7/2014


FreshPlaza.com

Dunnhumby to Fund Tech Start-Ups

BOSTON — Marketing analytics firm Dunnhumby on Tuesday said it has launched Dunnhumby Ventures, an investment firm that will focus on financing retail technology start-ups.

“We are looking for retail’s game changers,” says Dave Balter, global head of investments at Dunnhumby, who will run the new operation from Boston. “Dunnhumby Ventures is a strategic resource to help fund and accelerate innovations, startups, and motivated entrepreneurs with tenacity.”


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Follow @SN_News for updates throughout the day.


Dunnhumby, which is owned by Tesco in the U.K. and has a joint venture with Kroger Co. in the U.S., said the new Dunnhumby Ventures division will also provide strategic input and mentorship to tech companies. Average initial investments will be $ 100,000 to $ 500,000.

One of the first companies selected for dunnhumby Ventures’ portfolio is InfoScout, a San Francisco-based start-up that seeks to give CPG brands a comprehensive view of customer behavior, by item, across all retailers. The company’s mobile apps incentivize shoppers to share information about their everyday purchases with InfoScout, generating insights for the company’s brand clients, which include Procter & Gamble, Nestlé and Unilever.

Read more: DunnhumbyUSA Hires Two VPs, Promotes Another

“The mobile and digital landscape is opening up innumerable innovative ways for customers to find value and convenience,” said Simon Hay, chief executive officer of Dunnhumby. “We are always looking for creative ways to help them and earn their loyalty. The explosion of data is introducing many new opportunities for us to do this.”

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Supermarket News

Dunnhumby to Fund Tech Start-Ups

BOSTON — Marketing analytics firm Dunnhumby on Tuesday said it has launched Dunnhumby Ventures, an investment firm that will focus on financing retail technology start-ups.

“We are looking for retail’s game changers,” says Dave Balter, global head of investments at Dunnhumby, who will run the new operation from Boston. “Dunnhumby Ventures is a strategic resource to help fund and accelerate innovations, startups, and motivated entrepreneurs with tenacity.”


CONNECT WITH SN ON TWITTER

Follow @SN_News for updates throughout the day.


Dunnhumby, which is owned by Tesco in the U.K. and has a joint venture with Kroger Co. in the U.S., said the new Dunnhumby Ventures division will also provide strategic input and mentorship to tech companies. Average initial investments will be $ 100,000 to $ 500,000.

One of the first companies selected for dunnhumby Ventures’ portfolio is InfoScout, a San Francisco-based start-up that seeks to give CPG brands a comprehensive view of customer behavior, by item, across all retailers. The company’s mobile apps incentivize shoppers to share information about their everyday purchases with InfoScout, generating insights for the company’s brand clients, which include Procter & Gamble, Nestlé and Unilever.

Read more: DunnhumbyUSA Hires Two VPs, Promotes Another

“The mobile and digital landscape is opening up innumerable innovative ways for customers to find value and convenience,” said Simon Hay, chief executive officer of Dunnhumby. “We are always looking for creative ways to help them and earn their loyalty. The explosion of data is introducing many new opportunities for us to do this.”

Suggested Categories More from Supermarketnews

Supermarket News

Dunnhumby to Fund Tech Start-Ups

BOSTON — Marketing analytics firm Dunnhumby on Tuesday said it has launched Dunnhumby Ventures, an investment firm that will focus on financing retail technology start-ups.

“We are looking for retail’s game changers,” says Dave Balter, global head of investments at Dunnhumby, who will run the new operation from Boston. “Dunnhumby Ventures is a strategic resource to help fund and accelerate innovations, startups, and motivated entrepreneurs with tenacity.”


CONNECT WITH SN ON TWITTER

Follow @SN_News for updates throughout the day.


Dunnhumby, which is owned by Tesco in the U.K. and has a joint venture with Kroger Co. in the U.S., said the new Dunnhumby Ventures division will also provide strategic input and mentorship to tech companies. Average initial investments will be $ 100,000 to $ 500,000.

One of the first companies selected for dunnhumby Ventures’ portfolio is InfoScout, a San Francisco-based start-up that seeks to give CPG brands a comprehensive view of customer behavior, by item, across all retailers. The company’s mobile apps incentivize shoppers to share information about their everyday purchases with InfoScout, generating insights for the company’s brand clients, which include Procter & Gamble, Nestlé and Unilever.

Read more: DunnhumbyUSA Hires Two VPs, Promotes Another

“The mobile and digital landscape is opening up innumerable innovative ways for customers to find value and convenience,” said Simon Hay, chief executive officer of Dunnhumby. “We are always looking for creative ways to help them and earn their loyalty. The explosion of data is introducing many new opportunities for us to do this.”

Suggested Categories More from Supermarketnews

Supermarket News

Dunnhumby to Fund Tech Start-Ups

BOSTON — Marketing analytics firm Dunnhumby on Tuesday said it has launched Dunnhumby Ventures, an investment firm that will focus on financing retail technology start-ups.

“We are looking for retail’s game changers,” says Dave Balter, global head of investments at Dunnhumby, who will run the new operation from Boston. “Dunnhumby Ventures is a strategic resource to help fund and accelerate innovations, startups, and motivated entrepreneurs with tenacity.”


CONNECT WITH SN ON TWITTER

Follow @SN_News for updates throughout the day.


Dunnhumby, which is owned by Tesco in the U.K. and has a joint venture with Kroger Co. in the U.S., said the new Dunnhumby Ventures division will also provide strategic input and mentorship to tech companies. Average initial investments will be $ 100,000 to $ 500,000.

One of the first companies selected for dunnhumby Ventures’ portfolio is InfoScout, a San Francisco-based start-up that seeks to give CPG brands a comprehensive view of customer behavior, by item, across all retailers. The company’s mobile apps incentivize shoppers to share information about their everyday purchases with InfoScout, generating insights for the company’s brand clients, which include Procter & Gamble, Nestlé and Unilever.

Read more: DunnhumbyUSA Hires Two VPs, Promotes Another

“The mobile and digital landscape is opening up innumerable innovative ways for customers to find value and convenience,” said Simon Hay, chief executive officer of Dunnhumby. “We are always looking for creative ways to help them and earn their loyalty. The explosion of data is introducing many new opportunities for us to do this.”

Suggested Categories More from Supermarketnews

Supermarket News

Dunnhumby to Fund Tech Start-Ups

BOSTON — Marketing analytics firm Dunnhumby on Tuesday said it has launched Dunnhumby Ventures, an investment firm that will focus on financing retail technology start-ups.

“We are looking for retail’s game changers,” says Dave Balter, global head of investments at Dunnhumby, who will run the new operation from Boston. “Dunnhumby Ventures is a strategic resource to help fund and accelerate innovations, startups, and motivated entrepreneurs with tenacity.”


CONNECT WITH SN ON TWITTER

Follow @SN_News for updates throughout the day.


Dunnhumby, which is owned by Tesco in the U.K. and has a joint venture with Kroger Co. in the U.S., said the new Dunnhumby Ventures division will also provide strategic input and mentorship to tech companies. Average initial investments will be $ 100,000 to $ 500,000.

One of the first companies selected for dunnhumby Ventures’ portfolio is InfoScout, a San Francisco-based start-up that seeks to give CPG brands a comprehensive view of customer behavior, by item, across all retailers. The company’s mobile apps incentivize shoppers to share information about their everyday purchases with InfoScout, generating insights for the company’s brand clients, which include Procter & Gamble, Nestlé and Unilever.

Read more: DunnhumbyUSA Hires Two VPs, Promotes Another

“The mobile and digital landscape is opening up innumerable innovative ways for customers to find value and convenience,” said Simon Hay, chief executive officer of Dunnhumby. “We are always looking for creative ways to help them and earn their loyalty. The explosion of data is introducing many new opportunities for us to do this.”

Suggested Categories More from Supermarketnews

Supermarket News

Dunnhumby to Fund Tech Start-Ups

BOSTON — Marketing analytics firm Dunnhumby on Tuesday said it has launched Dunnhumby Ventures, an investment firm that will focus on financing retail technology start-ups.

“We are looking for retail’s game changers,” says Dave Balter, global head of investments at Dunnhumby, who will run the new operation from Boston. “Dunnhumby Ventures is a strategic resource to help fund and accelerate innovations, startups, and motivated entrepreneurs with tenacity.”


CONNECT WITH SN ON TWITTER

Follow @SN_News for updates throughout the day.


Dunnhumby, which is owned by Tesco in the U.K. and has a joint venture with Kroger Co. in the U.S., said the new Dunnhumby Ventures division will also provide strategic input and mentorship to tech companies. Average initial investments will be $ 100,000 to $ 500,000.

One of the first companies selected for dunnhumby Ventures’ portfolio is InfoScout, a San Francisco-based start-up that seeks to give CPG brands a comprehensive view of customer behavior, by item, across all retailers. The company’s mobile apps incentivize shoppers to share information about their everyday purchases with InfoScout, generating insights for the company’s brand clients, which include Procter & Gamble, Nestlé and Unilever.

Read more: DunnhumbyUSA Hires Two VPs, Promotes Another

“The mobile and digital landscape is opening up innumerable innovative ways for customers to find value and convenience,” said Simon Hay, chief executive officer of Dunnhumby. “We are always looking for creative ways to help them and earn their loyalty. The explosion of data is introducing many new opportunities for us to do this.”

Suggested Categories More from Supermarketnews

Supermarket News

Dunnhumby to Fund Tech Start-Ups

BOSTON — Marketing analytics firm Dunnhumby on Tuesday said it has launched Dunnhumby Ventures, an investment firm that will focus on financing retail technology start-ups.

“We are looking for retail’s game changers,” says Dave Balter, global head of investments at Dunnhumby, who will run the new operation from Boston. “Dunnhumby Ventures is a strategic resource to help fund and accelerate innovations, startups, and motivated entrepreneurs with tenacity.”


CONNECT WITH SN ON TWITTER

Follow @SN_News for updates throughout the day.


Dunnhumby, which is owned by Tesco in the U.K. and has a joint venture with Kroger Co. in the U.S., said the new Dunnhumby Ventures division will also provide strategic input and mentorship to tech companies. Average initial investments will be $ 100,000 to $ 500,000.

One of the first companies selected for dunnhumby Ventures’ portfolio is InfoScout, a San Francisco-based start-up that seeks to give CPG brands a comprehensive view of customer behavior, by item, across all retailers. The company’s mobile apps incentivize shoppers to share information about their everyday purchases with InfoScout, generating insights for the company’s brand clients, which include Procter & Gamble, Nestlé and Unilever.

Read more: DunnhumbyUSA Hires Two VPs, Promotes Another

“The mobile and digital landscape is opening up innumerable innovative ways for customers to find value and convenience,” said Simon Hay, chief executive officer of Dunnhumby. “We are always looking for creative ways to help them and earn their loyalty. The explosion of data is introducing many new opportunities for us to do this.”

Suggested Categories More from Supermarketnews

Supermarket News

Dunnhumby to Fund Tech Start-Ups

BOSTON — Marketing analytics firm Dunnhumby on Tuesday said it has launched Dunnhumby Ventures, an investment firm that will focus on financing retail technology start-ups.

“We are looking for retail’s game changers,” says Dave Balter, global head of investments at Dunnhumby, who will run the new operation from Boston. “Dunnhumby Ventures is a strategic resource to help fund and accelerate innovations, startups, and motivated entrepreneurs with tenacity.”


CONNECT WITH SN ON TWITTER

Follow @SN_News for updates throughout the day.


Dunnhumby, which is owned by Tesco in the U.K. and has a joint venture with Kroger Co. in the U.S., said the new Dunnhumby Ventures division will also provide strategic input and mentorship to tech companies. Average initial investments will be $ 100,000 to $ 500,000.

One of the first companies selected for dunnhumby Ventures’ portfolio is InfoScout, a San Francisco-based start-up that seeks to give CPG brands a comprehensive view of customer behavior, by item, across all retailers. The company’s mobile apps incentivize shoppers to share information about their everyday purchases with InfoScout, generating insights for the company’s brand clients, which include Procter & Gamble, Nestlé and Unilever.

Read more: DunnhumbyUSA Hires Two VPs, Promotes Another

“The mobile and digital landscape is opening up innumerable innovative ways for customers to find value and convenience,” said Simon Hay, chief executive officer of Dunnhumby. “We are always looking for creative ways to help them and earn their loyalty. The explosion of data is introducing many new opportunities for us to do this.”

Suggested Categories More from Supermarketnews

Supermarket News

Dunnhumby to Fund Tech Start-Ups

BOSTON — Marketing analytics firm Dunnhumby on Tuesday said it has launched Dunnhumby Ventures, an investment firm that will focus on financing retail technology start-ups.

“We are looking for retail’s game changers,” says Dave Balter, global head of investments at Dunnhumby, who will run the new operation from Boston. “Dunnhumby Ventures is a strategic resource to help fund and accelerate innovations, startups, and motivated entrepreneurs with tenacity.”


CONNECT WITH SN ON TWITTER

Follow @SN_News for updates throughout the day.


Dunnhumby, which is owned by Tesco in the U.K. and has a joint venture with Kroger Co. in the U.S., said the new Dunnhumby Ventures division will also provide strategic input and mentorship to tech companies. Average initial investments will be $ 100,000 to $ 500,000.

One of the first companies selected for dunnhumby Ventures’ portfolio is InfoScout, a San Francisco-based start-up that seeks to give CPG brands a comprehensive view of customer behavior, by item, across all retailers. The company’s mobile apps incentivize shoppers to share information about their everyday purchases with InfoScout, generating insights for the company’s brand clients, which include Procter & Gamble, Nestlé and Unilever.

Read more: DunnhumbyUSA Hires Two VPs, Promotes Another

“The mobile and digital landscape is opening up innumerable innovative ways for customers to find value and convenience,” said Simon Hay, chief executive officer of Dunnhumby. “We are always looking for creative ways to help them and earn their loyalty. The explosion of data is introducing many new opportunities for us to do this.”

Suggested Categories More from Supermarketnews

Supermarket News