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Louis Vuitton debuts ecommerce in Mexico in Latin American push

French fashion house Louis Vuitton is furthering its reach in Latin America with a new ecommerce site and boutique.
Online shoppers can pick up their orders at the Louis Vuitton flagship store in Mexico City.

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Carsome cements tech unicorn status with US$200m iCar Asia acquisition

July 15, 2021

Carsome Group has acquired 19.9% of iCar Asia from Catcha Group. Carsome and Catcha Group have also made a joint proposal to iCar Asia’s independent directors to acquire the balance of 80.1% of iCar from its shareholders. The total transaction is estimated to be worth more than US$200 million and according to Carsome, makes it Malaysia’s first tech unicorn. It also reportedly cements Carsome’s position as Southeast Asia’s most valuable digital automotive marketplace.

CDPI Emerging Markets
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Latin America: The next market to conquer on emerging ecommerce leaders’ agenda

July 15, 2021

The way we work, shop, sell, and live has changed enormously. 2020 will be remembered as a period unlike any other which witnessed unprecedented demand for online products and services. This is particularly true for markets like Latin America where this demand was already growing rapidly, pre-COVID 19, and the region’s ecommerce market was on course to reach $187 billion by the end of 2021.

CDPI Emerging Markets
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Grammarly Raises $200 Million to Help People Write Better

November 24, 2021

If robots wrote the news, would they write about other robots?  I ask because there’s been a suspicious burst of items about AI-powered writing tools, just when live journalists might have set things on autopilot so they could sneak out early for the holiday.  Top of the list: writing-suggestion platform Grammarly just raised $200 million at a $13 billion valuation, doubling total funding to $400 million.

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