Brazilian Conversational Commerce Firm Take Raises US$100m To Drive International Expansion

Brazilian technology company Take has raised a US$ 100 million round from private equity fund Warburg Pincus to support its international expansion plans. The deal, announced on Wednesday (7) sees the investor acquiring a relevant minority stake in the company in what is one of the largest Series A rounds that have taken place in Brazil.

Headquartered in Belo Horizonte, capital of the Brazilian state of Minas Gerais, Take develops a software-as-a-service (SaaS) offering that enables companies to communicate with their customers via apps such as Facebook Messenger and WhatsApp. The model evolves the traditional customer relationship management framework into what it defines as “conversational commerce”, whereby firms maintain an ongoing dialog with their customer base.

Take’s technology uses tools such as artificial intelligence and data analytics to allow companies to not only service their customers and seamlessly

Read More

Louis Vuitton, Volvo Tapping Thai Social Commerce Via Line Chat App | World News

BANGKOK (Reuters) – Luxury fashion and auto brands in Thailand have turned to selling their products on Japanese chat app Line amid the coronavirus pandemic, tapping the country’s growing appetite for social commerce, a top executive said on Thursday.

Brands like Louis Vuitton, Chanel and Volvo were among those that opened official accounts on the messaging app, which outranks Facebook’s WhatsApp and Rakuten’s Viber in Thailand, aiming to connect with users during a coronavirus lockdown.

“The luxury category was forced to adapt because their stores were closed,” Line Thailand chief commercial officer, Norasit Sitivechvichit, told Reuters.

Thailand earlier this year imposed a nationwide curfew and closed malls for nearly two months to contain infections.

“During the pandemic, sellers became very active,” Norasit said, adding that others sold cosmetics and fast-moving consumer goods.

Line, which charges sellers for sending messages and live streaming, said its monthly active users in Thailand grew

Read More

U.S. Judge to Hold Nov. 4 Hearing on Commerce Dept TikTok Ban | Top News

WASHINGTON (Reuters) – A U.S. judge said on Tuesday he would hold a Nov. 4 hearing on whether to allow the U.S. government to bar transactions with TikTok, a move that the Chinese-owned short video-sharing app has warned would effectively ban its use in the United States.

U.S. District Judge Carl Nichols in Washington issued a preliminary injunction on Sept. 27 that barred the U.S. Commerce Department from ordering Apple Inc and Alphabet Inc’s Google app stores to remove TikTok for download by new users.

Nichols must now decide whether to block the other aspects of the Commerce Department order set to take effect on Nov. 12. Nichols’ new hearing is scheduled for one day after the presidential election.

Talks are ongoing to finalize a preliminary deal for Walmart Inc and Oracle Corp to take stakes in a new company, TikTok Global, that would oversee U.S. operations. U.S. President Donald

Read More

Tech CEOs will testify before Senate Commerce Committee

By David Shepardson and Nandita Rose | Reuters

WASHINGTON – The chief executives of Facebook <FB.O, Twitter and Alphabet-owned Google have agreed to voluntarily testify at a hearing before the Senate Commerce Committee on Oct. 28 about a key law protecting internet companies.

Facebook and Twitter confirmed on Friday that their CEOs, Mark Zuckerberg and Jack Dorsey, respectively, will appear, while a source said that Google’s Sundar Pichai will appear. That came a day after the committee unanimously voted to approve a plan to subpoena the three CEOs to appear before the panel.

Twitter’s Dorsey tweeted on Friday that the hearing “must be constructive & focused on what matters most to the American people: how we work together to protect elections.”

The CEOs are to appear virtually.

In addition to discussions on reforming the law called Section 230 of the Communications Decency Act, which protects internet companies from liability over

Read More

Commerce Puts Tighter Export Controls On New Technologies

Law360 (October 2, 2020, 6:01 PM EDT) — The U.S. Department of Commerce tightened export controls on six developing technologies in a rule issued Friday, targeting tools used to make integrated circuits and microprocessors, and certain hacking tools and surveillance software.

The final rule implements multilateral controls on recently developed, or developing, technologies that were agreed to at a December 2019 meeting of signatories to the Wassenaar Arrangement, an international agreement covering export controls for certain weapons and dual-use technologies that have both military and civilian uses.

“The United States’ implementation of WA list changes ensures that U.S. companies have a level playing field with their competitors in other…

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the

Read More

TikTok Files New Complaint in Federal Court Over Commerce Ban

TikTok is not accepting its Sept. 20 “ban” without a fight.

TikTok is not accepting its Sept. 20 “ban” without a fight.
Photo: Nicolas Asfouri / AFP (Getty Images)

Although the clock is ticking, pardon the pun, TikTok is not going down without a fight.

Per Bloomberg and Reuters, the video-sharing app and its Chinese parent company, Bytedance, filed a complaint in a Washington federal court on Friday aiming to block the Trump administration’s upcoming ban, which is set to take effect on Sept. 20. The ban, announced by the Commerce Department earlier that day, will prevent any new downloads or updates to the app in the U.S. as of Sunday but will continue to allow users to access the app until Nov. 12 if they already had it downloaded prior to Sept. 20.

The Trump administration said that TikTok has until Nov. 12 to resolve the national security concerns it has about the app.

Read More