Month: December 2022

Shein jumps on the third-party brandwagon with Alibaba veteran

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Shein, the ultra-fast fashion giant that’s taken the globe by storm, has brought on another heavyweight executive to help steer its ship. It lately onboarded Jessica Liu, former co-president at the Southeast Asian ecommerce giant Lazada, as its vice president of global brand operations. Liu will be responsible for “global brand partnerships,” according to Shein’s … Read more

Twitter-backed ShareChat to shut down fantasy sports app Jeet11, eliminate some jobs

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Indian social media startup ShareChat, backed by Twitter, Tiger Global and Temasek, is shutting down its fantasy sports platform Jeet11 and has laid off some employees. People familiar with the matter told TechCrunch that the startup sent an email to its affected employees last month. The platform was operational at the time of writing. ShareChat … Read more

Kenya’s Uncover raises $1M to expand skincare product enterprise across Africa

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Africa’s beauty and personal care market is growing accelerated by its growing young and fashion conscious population, increasing spending power, and urbanization. The market’s potential has in recent years attracted major brands, with Fenty Beauty by Rihanna and LVMH being the latest entrants. Niche local brands are also emerging to offer tailored beauty and skin … Read more

Mozilla acquires Active Replica to build on its metaverse vision

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An automated status updater for Slack isn’t the only thing Mozilla acquired this week. On Wednesday, the company announced that it snatched up Active Replica, a Vancouver-based startup developing a “web-based metaverse.” According to Mozilla SVP Imo Udom, Active Replica will support Mozilla’s ongoing work with Hubs, the latter’s VR chatroom service and open source … Read more