Credit Suisse has issued a report on the rise of the wearable technology market, which, it says, has hit “an inflection point” and will have “a significant and pervasive impact on the economy,” reaching $30-$50 billion over the next 3-5 years.
BEIJING, China — Sina Corp., owner of China’s largest Twitter-like service, will push into mobile e-commerce through an alliance with Alibaba Group Holding Ltd. to revive flagging advertising sales. Alibaba, operator of the Taobao Marketplace and Tmall.com retail sites, will help Sina better target merchants wanting to place ads on its Weibo microblog service, Sina Chief Executive Officer Charles Chao said on a call today after the company posted a first-quarter loss. The call marks Sina’s first public comments detailing the partnership since Alibaba paid $586 million for an 18 percent stake in Weibo in April. Sina is focusing on mobile platforms to bolster earnings from advertising, its biggest sales contributor, after recording the smallest revenue gain in three years in 2012.…
SAN FRANCISCO, United States — Twitter Inc. Chief Executive Officer Dick Costolo said the online service for 140-character messages is increasingly being used to track personal health with wearable computing gadgets such as Nike Inc.’s fitness devices.
Today, BoF can exclusively report that Carmen Busquets has entered the fashion “re-commerce” space, joining a £200,000 angel investment in BuyMyWardrobe.
Big data is set to fundamentally change the way we understand the world and make decisions. BoF speaks with Viktor Mayer-Schönberger and Kenneth Cukier, authors of Big Data: A Revolution That Will Transform How We Live, Work and Think to understand the forces at play and the implications for fashion.