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Daily Tech News: Walmart, TikTok, Buyandship, Ayudante, Sendo, RateHawk

June 20, 2024

Here are the top stories on Techzi

The Automation Advantage: Walmart’s Smart Play

  • Walmart’s automated warehouses doubling throughput with half staffing levels.

  • Driving down ecommerce costs, fueling profitability flywheel.

  • Expanding automation footprint, upskilling workforce for efficiency gains.

Insurtech Startups: Blurring the Lines with Traditional Insurers

  • Insurtech startups are blurring lines with traditional insurers.

  • Singlife and FWD Group exemplify this trend.

  • The true race may be between traditional insurers.

TikTok Unveils GenAI-Powered Ad Tools Amidst US Legal Battles

  • TikTok launches AI-powered ad tools for creating avatars and dubbed videos in multiple languages.

  • The move comes amidst US legal challenges requiring ByteDance to sell its US assets.

  • TikTok has hired former Warner Bros. counsel to assist with the legal battle.

The Era of the Multi-Company Co-Founder Is Coming

Guest Author: Ken Leaver

  • Startup cofounders are increasingly working part-time at multiple companies simultaneously.

  • This trend is driven by risk diversification, asynchronous work, and strategic focus.

  • Experienced angel investors diversify, and early-stage startups rarely need full-time C-level executives.

Buyandship Expands with $6M Series B Extension

  • Buyandship raised an additional $6M in Series B funding, totaling $16M to date.

  • The cross-border ecommerce platform connects 12 countries to global marketplaces.

  • Buyandship plans to enhance its AI-powered shopping, automate operations.

Ayudante Bolsters SEA Presence with Sparkline Acquisition

  • Ayudante has acquired Singapore-based data analytics company Sparkline.

  • The move aims to expand Ayudante’s presence in East and Southeast Asia.

  • Financial details remain undisclosed, but both companies will retain their brands post-acquisition.

Sendo’s Strategic Shift: Conquering Vietnam’s Online Grocery Market

  • Sendo, a Vietnamese ecommerce pioneer, has pivoted to online grocery amidst intense competition.

  • The company launched Sendo Farm, which has seen rapid growth without marketing spend.

  • Sendo aims for profitability by year’s end and plans a local IPO within 5-7 years.

RateHawk Soars into Asia’s Sizzling Travel Scene

  • RateHawk, a travel-booking platform, has launched in Asia with a Singapore HQ.

  • The company aims to capture a share of the region’s projected $402B market by 2028.

  • RateHawk plans to expand its team and services across the continent.

The $5M Lesson: How Greg Isenberg’s Early Failure Shaped His Entrepreneurial Mindset

Guest Author: Greg Isenberg

  • Greg Isenberg sold his company for $5M in stock, but the company later failed.

  • He now runs a profitable company focused on steady growth and profit sharing.

  • Isenberg believes in building "dividend startups" that prioritize real profits over paper valuations.

Did you miss yesterday's daily news show?? Then it’s not too late to check it out now!

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