My Size, Inc. has potential takeover from Alibaba Group

Press Release (ePRNews.com) - SAN MATEO, Calif. - Feb 24, 2018 - The rumor is that Alibaba is interested in taking over the company and may be making a bid soon. This is in contrast with it’s apparel market with which it’s trying to steal a large share from US Retailers. While this rumor is largely unconfirmed at the moment, the nature of the rumor is a bit different from what we normally see.

Mr. Luzon will discuss My Size’s revolutionary measurement technologies including MySizeID (http://mysizeid.com/mysizeid-2-2/)™, which was recently launched in the U.S. MySizeID enables users to measure their body using their smartphones, allowing the application to determine the correct size for clothing to be purchased online. MySizeID addresses a significant problem of size related returns, which account for 70% of online apparel returns in the U.S. retail apparel e-commerce market which is valued at $72 pmvow billion (https://www.statista.com/statistics/278890/us-apparel-and-accessories-retail-e-commerce-revenue/). Mr. Luzon will also discuss My Size’s portfolio of app-based measurement technologies that address other vertical markets including BoxSizeID (https://www.youtube.com/watch?v=ApFEYqP5L2Y&feature=y…)™ which measures packages for the courier and parcel post market, SizeUp (http://sizeup.biz/)™, a smartphone based tape measure for the do-it-yourself market, as well as additional smartphone-based measurement apps to be released by My Size.

About My Size, Inc.
My Size, Inc. (TASE: MYSZ) (NASDAQ: MYSZ (http://studio-5.financialcontent.com/prnews?Page=Quote&Ticker=MYSZ)) has developed a unique measurement technology based on sophisticated algorithms and cutting edge technology with broad applications including the apparel, e-commerce, DIY, shipping and parcel delivery industries. This proprietary technology is driven by several algorithms which are able to calculate and record measurements in a variety of novel ways. To learn more about My Size, please visit our website www.mysizeid.com.

Source : Rumor PR News
Business Info :
Rumor PR News

You may also like this  

CATEGORIES : Finance
DISCLAIMER : If you have any concerns regarding this press release, please contact the Author / Media Contact / Business of this press release. ePRNews is not resposible for the accuracy of the news posted and do not endorse, support any product/services/business mentioned and hereby disclaims any content contained in this press release.

Login

Or using ePRNews Account

Don't have an account ? Sign Up

Register New Account

Or form here

Already have an account ? Login

Reset Password

Already have an account ? Login