Hot off the press: "The State of OKRs - Global Enterprise Report"

#1 | WorkBoard raises $23 million and strengthens the partnership with Microsoft

WorkBoard, the software firm focusing on enterprise strategy and results management, has closed a $23 million Series B round of capital. The event was led by GGV Capital with participation from M12 (formerly Microsoft Ventures), Workday Ventures, Floodgate, Opus Capital, and other existing investors. The company has already raised $13.6 million before the latest round. Its software solution helps companies to manage and track their OKRs, which stands for objective and key results. WorkBoard also says that its sales increased 3.5X over the last year as the company reached a number of new users through its integration with Microsoft Teams. Read more here: http://bit.ly/2U6GPbO  http://http://bit.ly/2UROesM

#2 | Burger King wants to lure new customers by offering cheap coffee

Burger King has launched a coffee subscription service that provides customers with one small cup of coffee every day for just $5 per month. This move is an attempt to get more people in the door for cheap coffee and then up-sell them burgers and other products. Also, the company hopes to attract more users to its app with attractive deals and turn them into regular buyers with loyalty programs and attractive promotions. Starbucks achieved success with similar tactics, and Burger King clearly thinks it can do the same. Read more here:   http://bit.ly/2TZCXcS    http://bit.ly/2U1vxpd

#3 | China becomes the number one supercomputer manufacturer

Chinese companies made machines for 206 of the 500 most powerful supercomputers on the planet. According to the recently released Top500’s list, China’s Lenovo is the leading manufacturer in this category as it made nearly 24 per cent of the machines on the list beating for the first time its US competitors. However, IBM’s Summit supercomputer managed to top the list as the most powerful machine removing the Chinese-based Sunway TaihuLight from that spot. Nevertheless, the decline of US machines in this ranking is obvious as the country now has 124 supercomputers on the list, compared to 145 just six months ago. Read more here:    http://bit.ly/2umEZ8w

#4 | Instagram tests in-app checkout

Instagram is testing the Checkout on Instagram feature that would allow users to complete and track purchases without ever leaving the app. Brands like Adidas, Nike, H&M, Uniqlo, Zara, and Warby Parker are participating in the closed beta testing. Instagram hopes that the new tool could be a strong revenue driver, while many suggest that this is one of the biggest pushes of Facebook into the e-commerce sector dominated by Amazon. If Checkout on Instagram proves to be successful, it could significantly change the industry especially as this platform boasts 130 million users that tap products in shoppable posts per month. Read more here: http://bit.ly/2HyEhh1  https://cnet.co/2HBbeZW

#5 | Amazon’s long game with private brands

Amazon leverages data from its primary site and third-party sellers to create a number of private brands. And although it might seem like the e-commerce juggernaut can’t fail, a surprisingly small number of these brands succeeds. But experts warn that Amazon plays a long game as the company is willing to try and fail until it finds winning products. Also, it’s moving fast and is able to swiftly pilot. Companies thus don’t need to worry about hundreds of products that Amazon is putting out, but they need to worry about the one that might succeed in their category. Read more here:  http://bit.ly/2HDjn06







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