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GROW WITHOUT BORDERS #12

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Contents:


  • Apple Launches a Feature Called “Expert Shopping Via Video”

  • FedEx is Establishing a New E-Commerce Platform

  • Google's Parent Company Alphabet Returns with a $2 Trillion Valuation

  • UAE's eCommerce platform WEE Receives $10 Million for Expansion

  • ChatGPT Supported Search Engine is on the Horizon to Compete with Google Search


Apple Launches a Feature Called “Expert Shopping Via Video”



Apple introduced a new update to improve the online shopping experience. This feature, called "Shop with a specialist over video", allows users to get information about products and make purchases by making video calls with Apple experts. This feature, which is currently only available to iPhone users in the USA, will be made available for other products and global markets in the future. This step is seen as part of Apple's continuous efforts to improve customer satisfaction. It is also thought that it will make the shopping experience more fluid by eliminating questions and uncertainties that may arise during online shopping. This is considered part of Apple's efforts to offer greater accessibility and support to customers, so users can shop in an easier and more user-friendly way.


FedEx is Establishing a New E-Commerce Platform



FedEx announced plans to launch a data-driven trading platform called fdx this fall. The new platform will provide comprehensive e-commerce solutions to online sellers and help businesses manage their supply chains, sell to customers and manage deliveries.


According to the company's statement, fdx; It will provide access to members of FedEx's previously acquired e-commerce platforms, such as ShopRunner, and offer businesses features such as providing more accurate shipping information or creating custom experiences for order management using FedEx's shipping network data.


Christina Meek, FedEx's global affairs manager, said the company is not focused on its marketplace business but helps businesses manage customer experiences by providing them with digital capabilities and data.


Google's Parent Company Alphabet Returns with a $2 Trillion Valuation



On Friday, April 26, 2024, Alphabet's stock market value increased by approximately $300 billion, an increase of approximately 10%, causing the company's market valuation to exceed $2 trillion for the first time since November 2021.


The stock's rise was also the biggest since the stock market's notable 16% rally in July 2015. Google's parent company gaining a place in the $2 trillion valuation club signals the company's efforts to accelerate growth in 2024.


Alphabet's stock market rally on Friday was heavily influenced by the company's announcement of first-quarter 2024 results. The results were better than every analyst predicted. The company reported revenue of $80.54 billion in the first quarter. Earnings were up 15% from the same period last year, marking the fastest growth rate Alphabet has experienced since 2022. London Stock Exchange Group (LSEG) had instead forecast revenue of $78.59 billion for the company.


Alphabet shares were forecast to have earnings per share of $1.51, but the company instead reported $1.89 for the quarter ending in March. Thanks to higher revenue collections, Alphabet recorded a profit margin of 29% in the first quarter of 2024. This margin was a commendable increase over the 22% profit margin in the first quarter of 2023. Regarding net income, Alphabet reported $23.7 billion generated in the first quarter of 2024; This means a 57% increase compared to the same period of the previous year.


UAE's eCommerce platform WEE Receives $10 Million for Expansion



Dubai-based e-commerce platform WEE has raised $10 million in a pre-Series A round, including equity and credit facilities, led by Sig Investment.


Founded in 2021 by Anastasia Kim, Oleg Dashkevich and Sergey Kolikov, the company offers fast delivery service within Dubai and next-day delivery service across the UAE, with its platform providing products in sectors such as cosmetics, pharmaceuticals, flowers and food products.


With this investment, WEE plans to improve its logistics capabilities and expand its operations.


ChatGPT Supported Search Engine is on the Horizon to Compete with Google Search



The battle for search engine supremacy may be gathering dust again, as rumors circulate that a new web search engine powered by OpenAI's ChatGPT will potentially be unveiled on May 9. OpenAI, known for its chatbot ChatGPT, is said to be launching the search engine that could potentially challenge Google's dominance in the search market. While ChatGPT can already crawl the web to provide answers, this new search engine could potentially offer AI-powered summaries and deliver quick results in a similar fashion to Google's Search Generative Experience (SGE).


Source:


webrazzi.com

techloy.com

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