Ebay India MD Latif Nathani says that Indian ecommerce has a long way to go before catching up with the Chinese market.
India's Internet economy has two choices: An immediate $30 billion Sale-and-Leaseback or a $3 trillion value harvesting over decades, observes Vibhu Arya.
Amazon India, Flipkart and Snapdeal are currently locked in a battle for market leadership in the burgeoning Indian e-commerce sector.
The deal, as well as some other strategic and financial investments in works, will help Ambani cut debt at RIL.
Fintechs need to behave with responsibility and transparency. A lot of mis-selling has been happening. Other issues have been plaguing the fledgling industry -- high interest rates, even higher processing fees, harsh collection process and, most critically, data leakage leading to rampant frauds, points out Tamal Bandyopadhyay.
After the Ladakh fiasco where Xi Jinping did not expect the Indian Army to resist his land-grabbing tactics, he has to save face before his colleagues in the Communist party.' To bring the threat of a mega-dam to the northern Indian border is a clever move, observes Claude Arpi.
Indian e-commerce company raises Rs 600 crore in sixth round of funding.
As India's online population crosses 450 million, e-commerce ventures are trying to grab a pie of online sales estimated to hit $48 billion by 2020.
The Alibaba-backed company had introduced the fee on March 8 after it found multiple users using its platform to get free credit by using credit cards to top up their mobile wallets and then transferring the money back to their bank accounts at zero transaction cost.
With more than 10,000 stores under the various Reliance retail brands and over 2.5 million kirana stores already tying up with it, Jio's online marketplace would have the biggest hyperlocal logistics network in the country.
This is the sixth consecutive markdown in the valuation of Flipkart by the US firm.
The country holds one of the biggest opportunities for Uber as more Indians start using smartphones
Yesteryear film producer F C Mehra passed away late Tuesday night. He had been ailing for a long time, and passed away in his sleep, according to a family friend.
Alibaba founder and executive chairman Jack Ma is this year's biggest financial gainer as the billionaire entrepreneur's fortune has swelled by a whopping $18.5 billion this year to $29.2 billion.
The Walmart chief stated that the values of the two companies were "very much aligned"
VCs have been especially bullish about India.
It hopes to leverage the growing number of mobile transactions
The event will aim at drawing foreign investment in startups and push local partnerships.
Eleven global music giants have sued Yahoo! China, owned by e-commerce giant Alibaba, over its alleged involvement in illegal downloading and playing copyrighted music.
As Indians scrambled to exchange the banned notes for new currency, Paytm, Sharma's digital payments startup, went on a promotional spree, inviting Indians to start using Paytm's digital wallet to pay for everyday goods and services.
Xi will later head for New York to attend the UN General Assembly session.
Regulators will need to allow the model to evolve to allow profits to flow, says Una Gulani.
'It is inevitable that people around the world -- including from America and China -- will have different viewpoints over different issues'
Pocket Aces creates content across 3 channels and reaches over 40 million people weekly on its own properties
Three UCLA men's basketball players were arrested in China for shoplifting on Tuesday, a day ahead of US President Donald Trump's first official visit there, according to several media reports.
Last year, traffic jumped 15 times on Snapdeal's 'Big Sale Day' on Oct 6, when it had clocked Rs 1 crore a minute of sales over 10 hours.
Their move follows an activist campaign by hedge fund Starboard Value LP, which is pushing Yahoo to consider a deal with AOL and unlock Yahoo's valuable stakes in Asian Web companies.
This year, PhonePe is focussed on bringing more partners across categories, including travel, commute, food, hyper-local, retail and entertainment on the platform.
Prominent print advertisements on Monday pitched Amazon's discount strategy against Flipkart's.
Singapore-based SkyQuestCom received the Deloitte Fast Tech 500 award for being the seventh fastest growing company in the Asia Pacific region. \n
Experts say data localisation and sharing is probably the single-biggest detriment that the draft policy talks about, the rest have no or minor repercussions on the players
Estimates suggest Sina Weibo has over 500 million users.
The government believes that WTO's push for initiating negotiations on substantive obligations related to e-commerce will oblige India to permanently accept the current moratorium on imposing customs duties on products traded electronically.
'We've seen tremendous traction from fruit and vegetables.' 'Around 18% of our business comes from these, almost three times higher than physical stores.'
Swiggy is shoring up capital to defend its position as India's largest food-ordering app as rivals Zomato and FoodPanda focus on growth after receiving funds
Company's revenue rises 3-fold to touch $206 million while total cost jumps over 6 times to $500 million
An increasing number of US lawmakers voiced anger on Monday over the NBA's response to a Houston Rockets official's tweet backing Hong Kong democracy protests, raising US-China tensions as talks to end a 15-month trade war resumed.
Alnoor Peermohamed & Raghu Krishnan find out why the new CEO is said to be the perfect man for turning around Flipkart's fortunes.
His investment in Paytm is in his personal capacity.
In about a year, top e-commerce companies are expected to raise as much funds as the three sector leaders raised in about five years.
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