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Bits & Bytes | Rent the Runway Raises $60M, How WeChat Became the App for Everything

This week, online rental platform Rent the Runway raises $60 million and the rise of social media app WeChat in China.
Rent The Runway's selection of dresses | Source: Rent The Runway
By
  • Helena Pike

"Rent the Runway Raises $60 Million" (Tech Crunch)
"Fashion e-commerce powerhouse Rent the Runway has confirmed that it raised $60 million in a funding round led by Fidelity Investments."

"How Social Cash Made WeChat The App For Everything" (Fast Company)
"A centuries-old tradition gave rise to China's most valuable company and captured the attention of everyone from teens to Silicon Valley."

"What the Data Says Was the Best-Selling Fashion of 2016" (Quartz)
"Retail technology and analytics firm Edited crunched their data from the last 12 months to find the top items for women, men, and children in the US and UK at retailers with an online presence."

"Amazon Lands US Patent Covering Drone Security Measures" (Retail Dive)
"Reports of this patent award come just a couple of weeks after Amazon completed its first Prime Air drone delivery in the UK, where it has pursued much of its drone development while the US government failed to aggressively address delivery drone guidelines."

"Doing Business in India Requires a Mobile-First Strategy" (Harvard Business Review)
"A telecommunications revolution, towards fourth generation (4G) mobile services, will transform the consumer landscape over the next 5-10 years."

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