Brazilian Conversational Commerce Firm Take Raises US$100m To Drive International Expansion

Brazilian technology company Take has raised a US$ 100 million round from private equity fund Warburg Pincus to support its international expansion plans. The deal, announced on Wednesday (7) sees the investor acquiring a relevant minority stake in the company in what is one of the largest Series A rounds that have taken place in Brazil.

Headquartered in Belo Horizonte, capital of the Brazilian state of Minas Gerais, Take develops a software-as-a-service (SaaS) offering that enables companies to communicate with their customers via apps such as Facebook Messenger and WhatsApp. The model evolves the traditional customer relationship management framework into what it defines as “conversational commerce”, whereby firms maintain an ongoing dialog with their customer base.

Take’s technology uses tools such as artificial intelligence and data analytics to allow companies to not only service their customers and seamlessly

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Louis Vuitton, Volvo Tapping Thai Social Commerce Via Line Chat App | World News

BANGKOK (Reuters) – Luxury fashion and auto brands in Thailand have turned to selling their products on Japanese chat app Line amid the coronavirus pandemic, tapping the country’s growing appetite for social commerce, a top executive said on Thursday.

Brands like Louis Vuitton, Chanel and Volvo were among those that opened official accounts on the messaging app, which outranks Facebook’s WhatsApp and Rakuten’s Viber in Thailand, aiming to connect with users during a coronavirus lockdown.

“The luxury category was forced to adapt because their stores were closed,” Line Thailand chief commercial officer, Norasit Sitivechvichit, told Reuters.

Thailand earlier this year imposed a nationwide curfew and closed malls for nearly two months to contain infections.

“During the pandemic, sellers became very active,” Norasit said, adding that others sold cosmetics and fast-moving consumer goods.

Line, which charges sellers for sending messages and live streaming, said its monthly active users in Thailand grew

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Mars exploration: A driver of innovation and commerce

Despite the disruption of so many aspects of life on Earth caused by the COVID-19 pandemic, our nation and the rest of the world continue to be enthralled with, and fully engaged in, the exploration of Mars. Indeed, not one, not two, but three international robotic missions were launched toward Mars this summer. Two of those missions, one from the United Arab Emirates (UAE) and the other from China, launched within four days of each other (July 19 and July 23, respectively), and the United States successfully launched its Mars 2020 rover on July 30th.

America is also planning to send astronauts back to the moon later this decade, followed by sending humans to Mars in the 2030s. Such missions to the Red Planet have the potential to discover whether life ever existed on Mars and will also seek to determine whether humans will be able to live, work and

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Tech CEOs will testify before Senate Commerce Committee

By David Shepardson and Nandita Rose | Reuters

WASHINGTON – The chief executives of Facebook <FB.O, Twitter and Alphabet-owned Google have agreed to voluntarily testify at a hearing before the Senate Commerce Committee on Oct. 28 about a key law protecting internet companies.

Facebook and Twitter confirmed on Friday that their CEOs, Mark Zuckerberg and Jack Dorsey, respectively, will appear, while a source said that Google’s Sundar Pichai will appear. That came a day after the committee unanimously voted to approve a plan to subpoena the three CEOs to appear before the panel.

Twitter’s Dorsey tweeted on Friday that the hearing “must be constructive & focused on what matters most to the American people: how we work together to protect elections.”

The CEOs are to appear virtually.

In addition to discussions on reforming the law called Section 230 of the Communications Decency Act, which protects internet companies from liability over

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Commerce Puts Tighter Export Controls On New Technologies

Law360 (October 2, 2020, 6:01 PM EDT) — The U.S. Department of Commerce tightened export controls on six developing technologies in a rule issued Friday, targeting tools used to make integrated circuits and microprocessors, and certain hacking tools and surveillance software.

The final rule implements multilateral controls on recently developed, or developing, technologies that were agreed to at a December 2019 meeting of signatories to the Wassenaar Arrangement, an international agreement covering export controls for certain weapons and dual-use technologies that have both military and civilian uses.

“The United States’ implementation of WA list changes ensures that U.S. companies have a level playing field with their competitors in other…

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Social Commerce Market – Actionable Research on COVID-19 | Rising Use of Social Media Advertising to Boost the Market Growth

The global social commerce market size is poised to grow by USD 2.05 trillion during 2020-2024, progressing at a CAGR of almost 31% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200930005610/en/

Technavio has announced its latest market research report titled Global Social Commerce Market 2020-2024 (Graphic: Business Wire).

The rising use of social media advertising is one of the major factors driving the market growth. The e-commerce industry uses social media platforms for advertising and increasing their customer base. With the rising popularity of social media, e-commerce advertisers

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