Saved by Sam Blumenthal
Tophatter is bringing gamified commerce to the U.S.
This is an era of Shopping as Entertainment—shopping not out of need, but to scratch an itch, to feel like you did something, to kill time. In the case of Temu, the marketplace’s homepage is a “chaotic display of products, resembling a general discovery feed with a search bar at the very top,” writes Terry Nguyen. The chaos comes from the various t... See more
alexi gunner added
It's a digital age QVC but with the added FOMO that the other thousand viewers could buy out the stock before you get there. Driven by a fear of counterfeit goods and a demand for experiential retail, viewers love the instant gratification of seeing the product in action then immediately buying it. The backdrop to the buying frenzy is a holistic e-... See more
Substack • Livestreaming monetisation models
Sam Blumenthal added
As we graduate beyond the intent-driven model of e-commerce—marked by table-like grids of products, filters, and search bars, there are opportunities to create new experiences that promote the sense of serendipity and fun of shopping in the real world. Indeed, as Ada points out below, Pinduoduo considers itself part e-commerce platform, part entert... See more
Li Jin • Facebook and Instagram Shops are here, finally. Plus an interview with Chinese social commerce giant Pinduoduo
sari added
While this motivation may be latent—even subconscious, for most—in the U.S., it’s an economic driver that’s well understood in China, fueling a thriving video ecommerce market. In Asia, the powerful force of video entertainment shopping has spawned a livestream ecommerce industry akin to professional movie production. It’s more than a place where a... See more
Andreessen Horowitz (AZ) • Shopatainment: Video Shopping as Entertainment | Andreessen Horowitz
Sam Blumenthal added
As online video platforms seek a business model beyond advertising, and short videos start to look more and more like commercials, it turns out that commerce may be video’s killer app. And not only could video apps become ecommerce apps, but all ecommerce apps may also have to become video apps. Various platforms from China show us how this can be ... See more
Avery Segal • Ecommerce as Video’s Killer App | Andreessen Horowitz
Sam Blumenthal added
“A major trend going forward will be elevated livestream experiences,” said Alibaba Group Vice President Yu Feng, who oversees content e-commerce at Taobao. “More and more consumers have adopted livestreaming as a way to shop. It has become an irreversible trend and, at the same time, an increasingly competitive space.”
Alizila • Alibaba Fuses Digital Stores with Livestreaming
Sam Blumenthal added
Pinduoduo found room in e-commerce, not as a competitor to search-based websites like JD, but as a new e-commerce platform focused on interactive and social shopping experiences online. Social shopping may seem like a new concept, but the reality is that in the physical world, shopping is meant to be “interactive and fun” and purchases are regularl... See more
Anu Hariharan • Pinduoduo and The Rise of Social E-Commerce
Sam Blumenthal added
Commerce: Platforms that help creators sell products. There’s also ample room for new entrants. Platforms like PopShop, Whatnot, Huddle and Lit Live are tackling livestream shopping—already a popular phenomenon in China—while others, like The Landing and The Newness, focus on vertical categories such as interior design and beauty, respectively.
Anne Lee Skates • Six Ways New Social Companies Will Monetize | Andreessen Horowitz
sari added