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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Kickstarter’s Blockchain Plans Risk Challenge From DAOs; Congress’ Meta Concerns
Kickstarter’s planned transition to a blockchain-based platform next year further highlights the growing intersection of crypto and crowdfunding. The crowdfunding site plans to make the switch next year, according to Bloomberg. But that may not be soon enough to compete with blockchain-based groups called decentralized autonomous organizations, or DAOs, which are capturing VC interest and...
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