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Pet Spending in China Could Hit $28 Billion

Pet Spending in China Could Hit $28 Billion

Asia Times is reporting that Chinese consumers are expected to spend 202 billion yuan (US$ 28.8 billion) on cats and dogs in 2019. This would reflect an 18% increase from 2018. The number of domestic dogs and cats in China is set to reach 99 million, up more than 7...
Chewy to go Public

Chewy to go Public

PetSmart, the owner of Chewy.com, has started the process to take the online pet retailer public. Chewy lost $267 million on revenue of $3.53 billion in 2018. Despite this loss, Petsmart should come out ahead as it purchased Chewy for an estimated $3.4 billion in 2017...
2019 Purina Pet Care Innovation Winners

2019 Purina Pet Care Innovation Winners

Purina named 5 winners for the 2019 Pet Care Innovation Prize, which included $10,000 and a week at a pet business boot camp. The grand prize went to GuardianVets, a B2B telehealth service from Chicago. Other winners were: Shameless Pets, which recycles unused food...
Nuzzle & Feed and Go – Out of Business

Nuzzle & Feed and Go – Out of Business

One of the risks of using bleeding edge technology is buying a product from a young company that doesn’t have a strong financial position. That appears to be the case with two pet tech startups that recently closed down: Nuzzle and Feed and Go. Nuzzle was a...
Link AKC Sold Again

Link AKC Sold Again

Well, that didn’t last long. The Link AKC smart-collar has been sold for the second time in the last 6 months. The most recent buyer is a Florida-based company called Smart Tracking Technologies. This move comes roughly six months after Wagz purchased Link AKC...