AHMEDABAD: Reliance Jio, after successfully disrupting India’s telecom industry, is preparing to wade into the crowded ecommerce market leveraging its vast network and hundreds of millions of subscribers, according to two persons aware of matter. The company is working with corner stores, or ‘kiranas’, and consumer brands to create an operational model that will enable shoppers […]
Amazon.com Inc’s Chinese partner, Beijing Sinnet Technology Co, said it would purchase Amazon’s Chinese web services business for up to 2 billion yuan ($301 million), ending the US firms’s cloud-computing business in the country. Sinnet, which began operating the Amazon services in August 2016, said in a filing late on Monday the pending purchase would […]
Flipkart’s smartphone brand Billion, has launched the Billion Capture Plus smartphone, which shall be on sale from 00:00 hours or midnight of November 15. The Billion Capture Plus phone will be available in two variants – the 3GB RAM option that offers 32GB of internal storage at Rs 10,999 and 4GB RAM with 64GB at […]
Amazon.com Inc is “really close” to opening in Australia, its country manager said on Monday, as the US e-commerce juggernaut prepares to shake up an already-fragile brick-and-mortar retail sector in the world’s No. 12 economy. Image: Reuters While Amazon did not give an exact start date, the remarks from Rocco Braeuniger suggest the company will ship […]
India is a “very important” market to the Chinese e-commerce giant Alibaba in its global strategy, the chief executive officer of the company said. Alibaba. Reuters. “Globalisation is one of our key strategies for Alibaba. As part of this strategy, India is a very important topic. India is a very important market for us to look at,” […]
According to government’s new labelling rules, it will be mandatory for products sold on e-commerce platforms and medical devices declared as drugs like stents from next year onwards to carry retail prices and other essential information, news agency PTI reported. Amendments to the Legal Metrology (Packaged Commodities) Rules, 2011, was approved by Union Food and […]
The rumor that Amazon has set its sights on disrupting the pharmaceutical industry has gained greater currency recently, just months after the company set the grocery business on fire with its acquisition of Whole Foods, and in the midst of its widely publicized search for a second U.S. headquarters location. Amazon reportedly has taken major […]
Flipkart‘s co-founder Sachin Bansal, who made a comeback to the day-to-day operations at the e-commerce company with the launch of the ‘Billion’ brand earlier this year, is now introducing a smartphone under the private label. Priced in the Rs 11,000-13,000 range, Billion Capture+ will be manufactured by home-grown device maker Smartrone and will look to cater to the […]
According to recent data, eCommerce spending has risen to $2.1 trillion in the past few years and will reach $5 trillion by 2020. Such rapid growth promises a great future for the Indian e-commerce industry signifying a strong market and increased customer demand. Despite these growth trends, many e-commerce businesses fail to take off within […]
After grocery, food delivery is emerging as the next big frontier for India’s largest ecommerce companies. Flipkart, Paytm and Amazon India are all actively exploring investments, acquisitions or expansions into the food-delivery business, a once-hot segment that soured quickly before a wave of consolidations brought about some stability. According to more than half a dozen entrepreneurs and venture capital investors […]
