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Bits & Bytes | Mary Meeker’s Internet Trends, Intel, MySale, Apple Buys Beats

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Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.

Intel in Santa Clara, California | Source: Shutterstock

“Mary Meeker’s 2014 Internet Trends Report” (Quartz)
“Mary Meeker, legendary Morgan Stanley internet analyst and current partner at Kleiner Perkins Caufield Byers, will deliver her annual State of the Internet presentation today at the Code conference in California. She has released her slides in advance. Here they are.” 

“Intel’s Brian Krzanich Zeroes In on Wearable Tech” (Recode)
“Conceding that his company missed the shifts in personal computing away from traditional PCs and toward smartphones and tablets, Intel CEO Brian Krzanich says the world’s biggest chipmaker won’t miss the latest shift toward wearable computing.”

“Apple Buys Beats for $3 Billion, Tapping Tastemakers to Regain Music Mojo” (The Wall Street Journal)
“Apple Inc. wants to regain the beat in its music business, which is under assault from a stream of upstarts. The tech giant said on Wednesday it is buying Beats Electronics LLC for $3 billion to bolster a music business that has lost some of its mojo, as streaming-music services encroached on the downloads dominated by Apple’s iTunes service.”

“MySale Acquires Flash Sale Site Cocosa” (The Financial Times)
“MySale, the Australian fashion sales site backed by Sir Philip Green, has acquired Cocosa, Mohamed Al Fayed’s luxury flash sale site, as it prepares to launch in the UK. The acquisition, for an undisclosed sum, is expected to be announced on Tuesday. Mr Al Fayed bought Cocosa in July 2011, a year after selling Harrods to Qatar Holding for £1.5bn.”

“Funding Round Pushes Korean E-Commerce Site’s Valuation Above $1 Billion” (The New York Times)
“Coupang has reached a new milestone: a valuation above $1 billion. The venture capital investors are betting that Coupang, which is based in Seoul and works with third-party merchants and also sells its own products, can continue to make inroads in the Korean retail business.”

“Kleiner Perkins and Branson Invest $13 Million in Luxury Consignment Site Tradesy” (Recode)
“On Tuesday, DiNunzio’s company Tradesy is announcing a $13 million Series B investment led by Kleiner Perkins Caufield & Byers, with general partner John Doerr and former executive in residence Stephanie Tilenius joining Tradesy’s board. Billionaire entrepreneur Richard Branson is also investing, as are investment firms Rincon Venture Partners, Riverwood Capital partner Michael Marks and Northgate Capital.”

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