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They raised a Collection C funding round of $17 million led by Crescent Level back in June 2013, bringing their capital to $36 million. Elevated use of on-line providers by major gamers in world trade is seen as posing dangers to traditional freight forwarders, as the likes of on-line retailer Amazon and container shipper Maersk Line move in on their patch.
Lobby group Laptop & Communications Business Association (CCIA), whose members include Amazon, eBay, Fb, Google, Rakuten and Yahoo, agreed that the problem was a broader one than simply luxury good companies protecting their turf. SJ Consulting founder Satish Jindel said retailers want to hunt cost savings whereas also discovering ways to go on costs, comparable to minimal orders or membership fees.
Widespread items are digged,” others are buried.” Objects that users digg,” similar to websites, usually expertise a sharp improve in Web traffic. In its report on the initial inquiry, the EU executive said it had found an increased use of contractual restrictions to control product distribution, which might be in breach of EU antitrust rules.