The retail technology week in numbers
$30 million…Greg Kidd, an early investor in Ripple and Square, as well as Twitter and Coinbase, has entered into a strategic partnership agreement valued at $30 million with mobile payments and loyalty marketing platform, Yoyo.
63%...Despite the continued growth of e-commerce, more UK consumers (63%) have shopped in a physical store in the last six months than online (48%), according to new BigCommerce research.
1,700…Consumers in China can now make urgent purchases from their local Watsons stores through Alibaba’s Ele.me platform, shipping to their doors in less than an hour.
The Hong Kong-based drugstore chain is offering 1,700 items from its 10,000-plus products on the platform. Nearly 1,600 of its bricks and mortar stores across 230 Chinese cities are now onboard, with plans to expand to 2,500 stores by the end of the year.
6…New York’s first Amazon Go store will be located in the city’s financial district, at Brookfield Place, just across the street from the World Trade Center. An opening date has not yet been confirmed.
Amazon currently has six stores in play, three in Seattle, two in Chicago (with another two coming soon to the Windy City) and one in San Francisco (a second one is pencilled in for winter 2018).
$6 million…Crypto social network, Minds, has landed a $6 million Series A investment from Medici Ventures, the blockchain subsidiary of US online retailer, Overstock.
$4.3 billion…Revenues generated by IoT retail platforms will exceed $4.3 billion by 2023, up from an estimated $890 million in 2018, according to Juniper Research.
2…Ocado is on the look out for two new distribution centres, one between London and Birmingham and another in the north of England.
1…California is set to get its first Amazon Go store.