Two days after our short look into the rivalry, Temu filed suit against Shein.
Now, Temu is back with a fresh lawsuit that alleges a battery of illegal acts by Shein.
It’d be useful to recall at this point that Temu’s parent company PDD recently overtook Alibaba in market cap, and Shein wants to go public in the United States.
A Shein spokesperson told TechCrunch+ that the company “believe[s] this lawsuit is without merit and will vigorously defend” itself.
Some deal with Temu’s view that Shein is filing myriad “dubious copyright infringement lawsuits” against it, and alleges that the latter is issuing “voluminous, bad-faith DMCA takedown notices” against its rival.
Qogita – a two-sided ecommerce wholesale marketplace aimed at retailers largely in the health and beauty sectors – has raised €80 million ($86 million) in a Series B round led by London’s Dawn Capital and Accel.
Targeting SME e-commerce retailers businesses that want to deal with a more ‘all-in-one’ wholesale platform, Qogita is not dissimilar to Faire.com in the US (which has raised $1.7 billion to date) and Ankorstore out of France (which has raised €365 million).
In a statement, Norman Fiore, General Partner at Dawn Capital, said: “It is remarkable how complex and completely opaque product procurement still is for small and medium-sized businesses targeting the $6 trillion e-commerce market.
Qogita has built an all-in-one platform to address the entire wholesale procurement process.”Luca Bocchio, Partner at Accel, also added: “The B2B wholesale market in Europe is huge, but also fragmented and complex.
And in April, Ankorstore launched a new membership programme for independent retailers in Europe, removing minimum checkout amounts and waiving heavy/fragile shipping fees, plus a 90 day BNPL offer.
Now, one of the companies building security tools for SMBs has raised a round of funding to expand its business, underscoring the demand in the market for better defenses.
It’s no longer selling directly to SMBs but is working with managed service providers that in turn sell and manage IT services for SMBs.
MSPs, it found, were the primary route to getting their product to get used by SMBs (meaning direct business was not taking off).
“Guardz has developed an impressive, holistic, and user-friendly cybersecurity and cyber insurance risk-assessment platform that is cleverly tailored to MSPs, who serve the often-overlooked long-tail small business market.
We are excited to lead this funding round and join the Guardz team on their journey to secure the digital world for those who today need it most.”
Kenyan e-commerce and fintech platform for mass market consumers Copia Global has appointed John Lazar, the ex-CEO of Metaswitch, a Microsoft subsidiary, to its board off the back of $20 million in new funding.
Without the capital to get it all the way to profitability, it made sense to hold off there.
Both companies have encountered headwinds that question the sustainability of B2C e-commerce in Africa even though they operate different e-commerce models.
However, both platforms are confronted with distinct objectives: Copia strives to achieve profitability in a single market, Kenya, while Jumia has to battle it out across 11 markets.
The founder and chairman noted that once the e-commerce company achieves profitability in the East African market, it plans to extend operations to 14 other countries it has strategically mapped out.
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