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Bits & Bytes | Venture Capitalists Bet on Shoe Start-Ups, JD.com Invests in Luxury Retailer

This week, venture investors put a premium on shoe start-ups, while JD.com builds up its presence in the luxury retail sector with an investment in Chinese luxury retailer Secoo.
A sneaker factory | Source: Shutterstock
By
  • Kristina Ezhova

Shoe Start-Ups Aren't Dragging Their Feet (Tech Crunch)
"Over the past year-and-a-half, investors have tied up roughly $170 million in an assortment of shoe-related startups. The vast majority is going to sellers and designers of footwear that people might actually want to walk in."

Chinese Luxury Retailer Secoo Drives Expansion via $175 Million Deal with JD.com (South China Morning Post)
"The investment made by JD.com in Secoo marked the Chinese online shopping giant's first luxury market-related deal after it sold Google a $550 million stake in the company last month. L Catterton Asia, previously known as L Capital Asia, will provide industry expertise based on its more than 200 investments in leading consumer brands."

Tagwalk Wants to Be the Google of Fashion (The New York Times)
"By using more than 2,800 key words, users can search by brand, season, city, trend, colour, fabric or style through 128,000 pictures. The business does not have a subscription fee, nor does it have advertising. For Tagwalk, mining and selling data analytics is where the real money is."

Amazon Drives 80 Percent of US E-Commerce (Retail Dive)
"Amazon's gross merchandise value this year is on pace to rise 29 percent year over year, blowing past past total US e-commerce growth of 16 percent expected for the year. The fastest growing product categories this year are expected to be food and beverage, apparel and accessories and health, personal care and beauty."

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