Can Blockchain + Virtual Reality Boost E-commerce In Africa

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eCommerce will be worth $75 billion in Africa’s leading economies, and came into existence as the solution to the stress of beating traffic to get to stores, bringing about a more convenient way of buying and selling. Today, online retail seems to be fast replacing the brick and mortar stores, and warehouses are becoming the one place to order items from. Ventures such as Alibaba, eBay, Payporte, Jumia, and Konga are cashing in big on African’s need to do convenient shopping from the comfort of their homes. While this a…

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Yahoo-backed E-commerce search startup Twiggle gets $12.5M Series A Funding led by Naspers

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E-commerce operator Naspers led a $12.5 million investment that Twiggle will use to expand globally. (Bloomberg)—A Yahoo Japan-backed Israeli startup, Twiggle, has lined up a funding round led by Naspers Ltd., the Cape Town, South Africa-based group known for its early investment in Chinese e-commerce site Tencent Holdings Ltd. Twiggle, a web- and mobile-based service focused on search, aims to license its software to leading online retailing companies around the world and will use the $12.5 million in funding to expand globally. Using machine learning, artificial intelligence and natural language…

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Kaymu Survey shows that youth are driving e-commerce

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People between 25 and 34 years shop the most from the local e-commerce sites, a recent study found. The 35-44 and 18-24 age brackets take up the second and third places, according to the study by Kaymu Bangladesh. “In Bangladesh, e-commerce is growing faster and we hope this market will find a strong position in world perspective also after USA, China and India,” said Quazi Zulquarnain, Kaymu Bangladesh’s deputy managing director. This segment of trade will grow faster once all parts of the country come under 3G coverage and the…

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