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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. The company calls itself RED and makes a point to mention that it’s not affiliated with the popular book by Mao Zedong of the same name.

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TD Rolls Out Online Accounting In Bid For Small Biz Accounts

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Balancing the books, sending out invoices and keeping the cash rolling in can be thankless but vital tasks for small business owners. In a push to bring in more small business accounts, TD Bank is launching a new online payment and accounting feature on its online platform for small businesses.

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Simon & Schuster, Authors Back Online Shop Helping Indie Sellers

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As bookstores remain shuttered nationwide, a 3-month-old online seller is stepping up. Between 2015 and 2018, I saw this big jump in the percentage of weekly sales for physical books that were going to Amazon.com,” Hunter told the AP. Here’s how Bookshop.org helps indie book retailers.

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China’s ‘Little Red Book’ Seeks $200M Investment

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As it seeks to speed up its eCommerce expansion, China’s Xiaohongshu or “Little Red Book” is seeking new funding. It also created an Instagram-like social media platform through which celebrities can recommend products. In November 2013, the company took its talents online and began growing its eCommerce.

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Social Shopping Struggles With The Burden Of Potential

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percent of online sales came from social channels. However, 8 percent of Cyber Monday visits did originate from social media, an increase of 17.5 It comes from WBR Insights , which credits customer engagement via social media. Brand advertisers, it says, need to justify social media ROI.

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How AI Is Helping Hotel Apps Get Onto Travelers’ Radar Screens

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With the help of travel experts, hotels can tap into a new channel to drive online bookings: Travelers can be inspired to book a reservation after seeing a photo or recommendation from a knowledgeable explorer. The idea is to provide consumers with a simple way to discover and book hotels that is also hyper relevant to them.

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Amazon Who? Independent Booksellers Find New Allies

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Bookshop supports independents in two ways: 10 percent of its regular sales online sales are added to an earnings pool that is distributed to participating independent bookstores every six months, per its website. Stores sell books online using Bookshop by sharing their designated link on social media, email newsletters or their websites.