Alibaba, world’s biggest e-commerce company, reaches $157 billion in sales

Alibaba, the Chinese e-commerce giant, sold one trillion RMB worth of goods in 2012, the company announced today.  That’s $157 billion U.S. in gross merchandise volume (GMV), which easily surpasses U.S e-commerce giants Amazon and eBay combined.

 

 

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Going beyond credit scores, predicting personal behavior

ranking responsibility

What is your Medication Adherence Score?  Fair Isaac Co. thinks it knows what it is.  They are the company that created the FICO credit score and they are branching out into new territory.  Fair Isaac Co. is assembling disparate data in an effort to better understand a range of human behaviors.

 

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6 major brands that have been resurrected from the dead

lego

The LEGO Group has been around since 1932.

It’s not unusual for some brands to die out. But rarely some brands come back from the dead. Many brands like New Coke, Circuit City, and Borders are likely to be gone forever. But some companies find that certain dying brands still have some attraction for consumers. Maybe because at one time they were well-known, at least well enough to make them worthwhile targets for new investment.  (Pics)

 

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The rise of Customer-Driven innovation

crowdsource542352

Crowdsourcing for innovation.

Numerous studies demonstrate that 70-80% of all new products fail. Lack of relevance, lack of differentiation, inappropriate pricing and muddled messaging all factor into a brand’s struggle when launching a new product.

However, the ultimate judgment of new products falls to consumers, who, ironically, are often absent from the development process. That development stage stands the greatest chance of generating transformative new ideas early on, before the brand has made a significant investment…

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Toughest competition unemployed face is the underemployed

part time work

There are 8.8 million part time workers wanting full time jobs.

The unemployment rate in the U.S. is 9.1 percent but the job market is actually worse than that.  The 14 million unemployed in the U.S. aren’t just competing with each other they are also competing with the 8.8 million people that are part-timers who want full-time work.

 

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‘Fourth bureau’ – little known companies track data used in credit scores

magazines

The “fourth bureaus” track your everyday transactions including your magazine subscriptions.

Mike Mondelli, an Atlanta entrepreneur, has access to more than a billion records detailing consumers’ personal finances — and there is little they can do about it.

 

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Twitter Usage Increases But It is Still a Niche Activity

twitter

Can twitter go from niche to mainstream in the US?

Twitter usage had risen from 8% of US internet users in fall 2010 to 13% in May 2011, a 62.5% increase in penetration according to an annoucement by the Pew Internet & American Life Project this month. Twitter usage does seem to be growing, but is a bump like that sizeable enough to take it from niche to mainstream?

 

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