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Chinese Social Media Startup Seeks Funds At $6B Valuation

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Chinese eCommerce and social media startup Xiaohongshu , also known as “Little Red Book,” wants to raise funds at a $6 billion valuation, according to Bloomberg. It was started in 2013 as a community online that would recommend eCommerce sites outside of China.

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Why AI Is Social Media Fraud’s New Best Friend

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It can be difficult these days to remember the almost idyllic promise of social media when it first entered the general consumer consciousness. That’s not to tempt one into nostalgia, or to suggest that social media has become marred beyond recognition. trillion in 2018. Digital Evolution. Fraud Increases.

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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. billion in the first half of 2018, an increase of 23 percent year over year. Year over year, social media revenue was up 37.5 percent CAGR from 2012 to 2018.

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Social Media Changes Foreshadow New Retail Developments

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Social media keeps on evolving, and that could bring big changes to the retail environment, especially as the preferences of younger consumers continue to evolve. It is a social media platform built from the ground up with a foundational concern for their safety and privacy when interacting online. New Audiences.

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ING Enables Customers To Make Payments On Social Media

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ING is gearing up to overhaul social media websites , transforming them into ways to make payments. According to a press release , ING said it will transform social media sites, including WhatsApp, Facebook , Twitter and LinkedIn, into payment request channels for customers who use its mobile app. 22 to Oct.

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Study: More People Fall Prey To Fraudsters Online Than By Phone

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A recent study about how people respond to scammers shows that consumers are more likely to become victims on social media and online marketplaces than over the phone, The Wall Street Journal reported on Sunday (Sept. The average loss was $600.

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The 2018 Bling Ring’s Commerce Challenge

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We’re not sure whether the world needed a fifth version of A Star is Born or the 2018 edition of the Furby , but we have them both and early views bode well for both. Social media channels, particularly the photo-based Instagram, are excellent places for celebrities to connect with their fans — and show off their stuff.