Eighteen months after the government started banning Chinese mobile apps, two distinct changes have occurred in the country's mobile app sweepstakes. The move has given a thrust to domestic app publishers, especially in certain segments and it has dramatically reduced the market share of Chinese apps. What started as an interim government ban on 59 Chinese apps, including the highly popular TikTok and WeChat in March 2020 ended as a permanent ban on many of them in January this year. According to a China Internet Report 2021 (by South China Morning Post), the market share of Chinese apps in India has dropped substantially from 44 per cent in 2018 to only 29 per cent in 2020. In 2017 it was 41 per cent.
Not just e-commerce players, even spirits majors are banking on artificial intelligence and chatbots to offer newer, quicker, smarter services. Shivani Shinde Nadhe reports.
Walmart is rumoured to be looking to listing Flipkart in a few years. At that stage, we'll get a better sense of what's going on in retail, says Devangshu Datta.
Next month, US e-commerce giant Amazon is set to complete a year in India.
Immunity boosting foods and drinks. Sustainable fashion. Beauty products with natural ingredients. There was always a market for these, and the pandemic has only made it bigger. Within beauty, brands have recorded a greater demand for ayurveda products.
In October 2012, Flipkart entered the menswear segment; later it launched a womenswear range
Buoyed by the success of e-commerce players like Jabongand Myntra, textile companies like Arvind Ltd, TT Ltd and Creative Lifestyles, among others are exploring the online market through their own e-commerce platforms.
Even smaller players like Bluegape.com have launched T-shirts, cups, wall clocks and other products inspired from the fan community.
Flipkart on Tuesday launched a next-day delivery service.
Five founders of e-commerce start-ups, four of them Bansals, say they had alternative ambitions chalked out.
The People's Choice Survey is an annual report by CashKaro.com, which identifies key trends in online shopping in India.
IRCTC is gearing up to promote online sale of tickets.
Flipkart and Myntra, together, post higher sales than Amazon
Having raised about $570 million since July 2013 in three rounds and $760 million since its launch in 2007, the question is where and how Flipkart will spend its war chest.
The spacetech startup is expected to launch the first rocket which can hurl satellites of 250-700 kg into a lower Earth orbit by end-2021.
Vikramank Singh looks back at the year gone by!
There are several discussions going around in the e-health sector for consolidation with key players being PharmEasy, 1mg, Medlife and Netmeds. According to reports, Reliance Jio is in talks with Netmeds to acquire the latter.
Fresh capital will help Flipkart further grow its e-commerce marketplace in India as the world's second-largest internet market begins to recover from the COVID-19 crisis.
Snapshots from the collections of Pria Kaataria Puri, Masaba Gupta, Anita Dongre and Aki Narula shows at Myntra Fashion Weekend
The company, which recently hit the run rate of $1 billion in gross merchandise value ahead of the target date, is the largest mobile phone retailer in the country, counting online and offline stores, estimates show.
It took Flipkart a little over 24 hours to complete due diligence and come up with a final offer that was $20 million higher than what Snapdeal was ready to forfeit.
Nearly 150 companies visited the campus this year.
Flipkart, India's largest e-tailer, raised $210 million in a fresh round of funding from a group of four investors led by internet-focussed investment group DST Global, it said in a statement on Monday.
With this round of funding, Flipkart's valuation has reached USD 11.6 billion, and US IT major Microsoft joins the marketplace as a strategic investor.
The management changes come amid talks that the company is preparing for an IPO in the United States.
'RCB is a natural choice for us, mainly due to our long-standing association with Virat Kohli.'
Flipkart has long been under the ED scanner for alleged violation of FDI rules.
Its entry will increase competition especially when WhatsApp too has received approvals to launch payment service.
In its first acquisition in India, the American online retail giant is planning to buy out the fashion portal
Flipkart has seen 33 per cent growth in past 6 months despite slowing e-commerce business and stiff competition from Amazon.
As do hunky actors like Shahid Kapoor and Freddy Daruwala.
Amazon Fashion flaunts its triple digit month-on-month growth, races ahead of competitors Flipkart, Jabong and Myntra.
At Rs 20,000 crore (Rs 200 billion), e-commerce has seen one of the fastest rates of growth in investment activity this year.
The Bansals losing out operational control of Flipkart comes at a time when global rival Amazon, in which Tiger Global holds a minority stake, is stepping up investment in India in an attempt to overtake the Bengaluru-based e-commerce firm.
Founded in 2006, PremjiInvest's assets under management are worth over $2 billion across India
The actress and funnyman Cyrus Broacha had a blast on the ramp for a line curated by stylist Ami Patel.
While festive season spends by consumers did contribute to the uptick seen in Q3, experts said greater aggression displayed by retailers to corner a larger share of the shopper's wallet also worked.
Consumers are opening up their wallets for intangible promises.
The top five most trusted brands are Samsung Mobiles, Sony, LG, Nokia and Tata.
The Walmart chief stated that the values of the two companies were "very much aligned"
