Last Year China’s e-commerce giant Alibaba announced to buy Hong Kong’s oldest English newspaper the South China Morning Post (SCMP) and other media properties for an undisclosed amount. People related to tech and e-commerce world was surprised on this move. Many were asking questions on motive of acquisition? But People very close to Jack Ma […]
“I feel I am in my teens, and Paytm is my infatuation.”, said Vijay Shekhar Verma while he was shown in trailer made by MindBatteries. Mindbatteries is a video content creating company started a entrepreneur series called Startupreneur Series. According to Simar, Head of Mindbatteries “Our planning is to create interview of startup founders video series […]
Reuters: India has become a battleground over the right to unrestricted Internet access, with local tech start-ups joining the front line against Facebook Inc founder Mark Zuckerberg and his plan to roll out free Internet to the country’s masses. The Indian government has ordered Facebook’s Free Basics plan to be put on hold while it […]
BEIJING, (Xinhua) — China’s central bank released detailed regulations of online payment services by non-bank institutions on Monday in the latest effort to contain possible risks in the booming Internet finance industry. The new rules require real-name registration for all non-bank payment accounts and classifies them into three categories depending on the security levels. The […]
Reuters: Online marketplace Snapdeal, backed by Japan’s SoftBank Group Corp and others, will spend more on logistics and technology to better compete with Flipkart and Amazon’s Indian unit, its co-founder said on Monday. Shopping online is becoming more popular in India due to the rising use of cheaper smartphones and e-commerce firms are struggling to […]
Making it a year of startups, Indian and foreign investors have pumped in a whopping USD 8.4 billion in new Indian startup ventures, including e-commerce platforms in 2015 through close to 1,000 deals, even as questions have begun to be asked about their hefty valuations. Those opening the purse for Indian start-up s included industry […]
As we reported 4 months back, Ola received 750k bookings per day requests and covered 80% market in India. Now the Softbank Q2 report shows Ola has touched 1 million bookings per day. Even more eye-popping result is “InMobi 1 billion” per day users”. Have a look on some more points in this Q2 report, Alibaba’s Revenue […]
Mobile wallet and e-commerce venture Paytm has acquired Near.in, a marketplace app that connects users with local businesses for home services. The Economic Times, which first reported the development, said the deal is valued between $1.5 million and $2 million. A formal press release on the announcement is expected shortly. he Paytm-Near.in deal is the […]
Apple Inc plans to launch its mobile payment system Apple Pay in China by early February, the Wall Street Journal reported. The iPhone maker has struck deals recently with China’s big four state-run banks, the newspaper reported late Monday, citing people familiar with the discussions. When launched, Apple Pay will mainly compete with Alipay, the […]
Paytm is an Indian e-commerce shopping website launched in 2010, owned by One97 Communications which initially focused on Mobile and DTH Recharging. The company is headquartered in Noida, India. It gradually provided recharging and bill payment of various portals including electricity bills, gas bills, as well as telephone bills. Paytm entered India’s e-commerce market in […]
On demand grocery delivery startup PepperTap is close to finalising a new round of funding from investors including Delhi-based etailer Snapdeal in a deal expected to close next week.
E-commerce major Snapdeal expects to be operationally profitable in the next three years and is investing heavily in building infrastructure to scale up its business. “More specifically in the next three-year period, at least in our business, I feel fairly confident that we will be at that point of profitability,” Snapdeal CEO Kunal Bahl on […]