Monthly Archives: August 2020

Microsoft and Walmart look to boost ads, e-commerce with TikTok deal

As Microsoft and Walmart work together on a deal to buy TikTok’s U.S. business from China’s ByteDance, the giants each see fresh opportunities to expand into long-coveted markets — advertising in Microsoft’s case and e-commerce for Walmart. But both companies have decidedly mixed track records in these realms. By the numbers: Walmart currently makes less than 8% of its total revenue on e-commerce, despite pricey forays into the industry, like its $3.3 billion acquisition of the now-defunct… Source link

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Why it makes sense for Oracle to buy TikTok. Sort of.

This is the web variation of Data Sheet, Fortune’s day-to-day newsletter on the leading tech news. To get it provided day-to-day to your in-box, register here There’s a great factor I rapidly dismissed the possibility of Oracle buying TikTo k: I am not a financial investment lender. Oracle is not a customer business. “Oracle provides products and services that address enterprise information technology (IT) environments,” is the very first line in its yearly report. The word… Source link

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The uneasy coexistence of Yandex and the Kremlin

New services appear at breakneck speed. Around Moscow, Yandex is testing a fleet of over 100 driverless cars, work that even the coronavirus was unable to pause. Yandex Lavka (“Yandex Shop”), a grocery delivery app that launched in June last year, guarantees deliveries within 15 minutes, faster than anything Amazon offers. One of the brains behind the project, Ilya Krasilshchik, 33, remembers how, during Russia’s turbulent transition to a market economy in the early 1990s, his mother… Source link

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Why buying TikTok is a smart move for Microsoft

The news late last week that Microsoft has been in negotiations to acquire the short-form video app TikTok was a bit surprising. Hearing business-focused Microsoft mentioned in the same sentence with the dancing and lip-syncing wonder that is TikTok didn’t sound quite right—at first. But upon further reflection, a Microsoft-TikTok tie-up begins to make more sense. In fact, a deal—if both companies are able to appease the Trump administration—could be good news for Microsoft. As TikTok… Source link

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