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UK's Online Grocer Ocado Sued Over Patent Claims

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online grocery retailer Ocado is involved in a patent lawsuit over robotically-operated warehouse technology with robotics company AutoStore , Reuters reported. AutoStore said Ocado has been a customer since 2012 and alleged that Ocado's automatic storage system is based on the ones AutoStore is already using, according to Reuters.

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Online Grocer Ocado Acquires Robotics Companies To Drive Automation

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based online grocery, is heightening its automation drive by acquiring two robotics companies. The robotic pick opportunity in online grocery is of huge value to us and our clients globally,” said Tim Steiner , Ocado CEO. Ocado , a U.K.-based This has meant doubling “the pick and pack speeds” of robotic arms at five sites in the U.K.

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Online Ad Biz Neared $50B In Early 2018

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A new report from Interactive Advertising Bureau ( IAB ) shows that the online advertising business continues to grow at double-digit rates. You can then plow that profit back into your business … the digital advertising market is helping to fuel that growth,” he said. percent CAGR from 2012 to 2018.

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Virginia Sues Online Lender Over Consumer Loans

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Virginia is suing one of the largest online lenders in the U.S. According to the lawsuit, NetCredit provided loans to over 47,000 Virginians going back to 2012. Its parent company, Enova International, reportedly spent more than $100 million in 2017 for marketing.

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China’s P2P Lending Market Expected To Shrink In 2019

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The P2P lending market in China has been rife with scams and controversy for some time now. Prior to the recent activity on the part of the Chinese government , this type of lending was seen as one of the riskiest and least regulated areas of the financial markets. trillion yuan by the end of 2017, reported Bloomberg.

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8 Connected-Economy Firms Expected To Light Up The IPO Market In 2021

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Many enjoyed huge first-day price pops, heating up the IPO market even more — and 2021 seems poised to only continue the fireworks. Popular stock-trading app Robinhood Markets reportedly recently hired Goldman Sachs to lead a possible 2021 IPO that would value the company at more than $20 billion. Then shares soared 85.8

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Walmart Online Chief Departs

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Online retail is known for moving fast, and sometimes, the execs pulling all the levers behind the scenes move even faster. Walmart confirmed on Thursday (April 7) that Brian Monahan, formerly the head of marketing for the retailer’s U.S. online operations, had vacated his post effective April 1.

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