After the worldwide success of upstart Chinese online fast fashion retailer Shein, Chinese e-commerce giant Alibaba has just launched a copycat business. Alibaba’s new fashion e-commerce site, allyLikes, targets North American and European markets, according to the Alibaba-owned newspaper South China Morning Post. But Alibaba’s new venture will face an uphill battle against huge Western...
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Marc Lore’s Kitchen on Wheels Startup Cuts Staff, Dials Back Delivery Ambitions
Wonder, a mobile kitchen and food-delivery startup led by Jet.com founder Marc Lore, has laid off 7% of its workforce, a company spokesperson said, as it attempts to overhaul its business. The startup landed a $3.5 billion valuation when it raised $350 million this summer and planned to add more than a thousand kitchens around the tri-state area this year. But now it’s changing up how...
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