In spite of the mega IPO of Alibaba, Flipkart-Myntra is not thinking of a public offering at this point
He was number three in 1999 when the company was founded.
The shopping day, similar to Cyber Monday and Black Friday in the United States, comes less than eight weeks after Alibaba's record $25 billion public share listing in New York.
The race to commercialise driverless cars is far from over with experts predicting that a fully autonomous car will not hit the market until 2020 or later
A source said the deal would see Alibaba invest around $600 million
Alibaba in talks to invest up to $700 million in Snapdeal
The 24-hour delivery offer applies only to select postal codes and is not available across the country.
Chinese e-commerce giant Alibaba has received anti-trust regulator CCI's approval for buying 4.14 per cent stake in Snapdeal.
Amidst strained ties with China, the pre-budget Economic Survey on Monday made a strong case for seeking foreign direct investments (FDI) from Beijing to boost local manufacturing and tap the export market. As the US and Europe are shifting their immediate sourcing away from China, it is more effective to have Chinese companies invest in India and then export the products to these markets rather than importing from the neighbouring country, the Survey said.
Alibaba will acquire 25 per cent stake in One97 Communications.
To take on Amazon, Paytm e-commerce plans to add close to a billion products from all across the globe to its shopping cart.
Wang ranked second on the list this year, with a fortune of 145 billion yuan.
Startup founders need to sit up and think about how not to take stardom for granted and how not to disappoint their fans who have stood in long queues for those precious selfies with popular entrepreneurs, notes Nivedita Mookerji.
According to reports, private-equity firms such as Silver Lake Partners are considering bidding for Yahoo.
While global competitors Amazon and Walmart are looking to explore B2B online in India, traditional Indian retailers like the Future group and Reliance Retail and e-commerce players such as Snapdeal and Flipkart have no immediate plans in this area.
He also praised PM Modi for his leadership and said that it is the best time for both the countries to work together.
E-commerce has become a success in China as it overtook the US as the world largest online retail market.
The founder of the e-commerce firm, which specialises in procurement of industrial products, believes if he plays his cards right, his company could become a unicorn with a valuation of $1 billion in 5 years.
Flipkart claims to have more than 90,000 sellers on its platform.
The companies did not immediately give a figure for the investment, but Chinese state media reported earlier on Thursday it would total 1.2 billion yuan ($192 million).
'What's sad today is that there are so many people who cannot find work, not because the country is devoid of that opportunity, but because we are not doing enough in the country.'
Alibaba, the world's biggest e-commerce firm by transaction value, supports small businesses on its platforms.
As per market estimates, the new round would value the city-based firm at about $ 4-5 billion.
The Chinese financial giant, which had invested in One 97 Communications since 2015, has seen a sharp decline of 45 per cent, or Rs 2,125 crore, in its stake value since the Reserve Bank of India (RBI) took action against Paytm Payments Bank on January 31. One 97 shares closed at Rs 422.6 a share on Monday. The Chinese company, however, had sold its stake worth Rs 8,293 crore in three tranches over one year.
The market is abuzz with the talk of Snapdeal raising up to $600 million (Rs 3,600 crore) with new investors such as Japan's Softbank and Japanese e-commerce company Rakuten.
The next time you visit Alibaba.com, seeking professional advice on international marketing, you'll find a young Indian at your service.
Bollywood loves number games. And not just the rat race kind. There's a slew of movies with numbers in their title.
Tamal Bandyopadhyay details HDFC Bank's digital journey.
RJio's LYF, Videocon and other smartphone makers to also get notices
Paytm will cross 100 million wallets ahead of its self-determined deadline of 2015-end. It currently has 66 million.
Alibaba.com, China's biggest business-to-business website, on Tuesday said it was poised to become India 's top online marketplace by number of users as it launches its first major overseas expansion.
Its internet penetration still matches up poorly to other countries
Going by the RBI directive and the overall narrative, Paytm may have lost the rigour of stress tests, audits and compliance.
Paytm's pre-IPO investors, which include likes of Warren Buffet's Berkshire Hathway, SoftBank and Alibaba, do not seem to be in a hurry to exit India's leading digital payments brand as they continue to believe in its long-term prospect, analysts said. On Tuesday, 86 per cent of Paytm's shares became free to trade after the end of the lock-in period, allowing investors to sell shares that haven't yet been allowed onto the market. Market participants have been speculating on Paytm, post-expiry of lock-in for pre-IPO investors.
Jack Ma, China's billionaire and founder of e-commerce giant Alibaba, has travelled to Europe for an agriculture study tour, his first trip abroad since he ran into trouble with the Chinese government last year over violating anti-monopoly regulations.
Earlier in the day, Sheezan was presented in the court by the Waliv police, which sought to get his remand extended.
'Towards the late '60s and early '70s, it was a given that if it was Shankar-Jaikishan, it had to be Sharda for Shankar.'
Billionaire Mukesh Ambani's Reliance Industries Ltd climbed eight spots to the 45th rank, the highest for an Indian company on Forbes' latest Global 2000 list of public companies worldwide.
Waliv Police has recorded the statement of 18 people so far in connection with the TV actor Tunisha Sharma death case, police said on Tuesday.
The annual session of the National People's Congress, a ceremonial body that routinely passes the proposals of the ruling Communist Party of China, approved Li Qiang's candidature after his name was proposed by Xi himself.
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