VCs show game developers some love: Games Fund One unlocks $600M dedicated capital to help develop digital communities and ecosystems during a time of cautious tech investment.
After two years of booming business for tech and media, the industries are now facing a wave of cost-cutting measures like layoffs and shutdowns that signal a focus on profitability but could harm companies’ reputation with prospective employees in an already-tight labor market.
GoParrot helps restaurants set up and manage online ordering and payments and can strengthen the Square for Restaurants suite.
US consumers can’t get enough of luxury retail: While Walmart and Target struggle, LVMH and Burberry benefit as affluent customers ramp up their spending.
Startups face live or die outlook: Y Combinator warns about lean times ahead and how to stay alive during the downtown. Companies that saved last year's feast should fare well.
Amazon focuses on small businesses as it tries to keep its India division alive: The ecommerce giant is looking to India for growth, but must contend with determined competitors and a protectionist government.
The home improvement market is still strong: Despite Lowe’s revenue miss, which the company blamed on poor weather, demand for DIY and professional renovation projects is high.
Enabling Crypto.com Pay lets customers pay merchants with over 20 cryptos.
Lockdowns and crackdowns crimp growth in China: Tencent’s ad revenues decreased dramatically due to Shanghai shutdown as well as dissolution of the after-school tutoring industry.
YouTube offers potential fix for CTV ad repetition: New feature lets marketers set weekly limits on how often ad spots are seen.
Kohl’s slashes its sales and profit outlook: The retailer expects potential buyers’ final and fully financed bids in the coming weeks.
ByteDance properties Douyin and TikTok have been making waves inside and outside China for several years. Their combined spectacular growth will result in ad revenues of more than $30 billion for their parent company in 2022, leaving ByteDance in fifth place among ad publishers worldwide.