Walmart acquired India’s e-commerce platform Flipkart said it’s foraying into the insurance segment after securing a corporate agent license. To begin with, Flipkart has partnered with Bajaj Allianz General Insurance to offer customised insurance solutions to power its mobile phone protection programme for all leading mobile phone brands that are sold on its platform, Flipkart said in […]
E-commerce major Flipkart said it has acquired Israel-based Upstream Commerce for an undisclosed amount as the Walmart-backed firm aims to further strengthen its selection and pricing capabilities. Flipkart, which is locked in an intense battle for market leadership in India against American rival Amazon, will get access to advanced data science-based intelligent solutions through the […]
HARMAN International, a hardware-focused company which owns Los Angeles-based JBL has launched an online store in India that will include loudspeakers and associated electronics from manufacturer JBL. As of now, JBL’s products were available in India only at Snapdeal, Amazon, and Flipkart, but now it can be shopped through its official website too. The company has launched […]
POPxo, the popular digital community for women which is based in New Delhi has geared up to introduce its e-commerce platform to sell private label merchandise, said the company’s top executive. To attract the millennial population, the content platform is entering into selling products ranging from mugs and laptop bags to pouches and tote bags. POPxo is an emerging […]
FAW-Volkswagen Automotive CO., a large-sized joint venture car manufacturer in China has announced the launch of its official e-commerce platform. The platform was unveiled in Beijing on Friday, with the aim of meeting the digital demands of its customers. This online platform will enable the customers to go through, select, buy and even sell cars. It […]
China’s e-commerce major Alibaba Group announced on Wednesday that it has agreed to take over a minority stake in China’s Focus Media Information Technology with an aim to tap into the digital marketing segment. The e-commerce giant will be acquiring about 6.62 percent in Focus Media for about 9.63 billion yuan ($1.43 billion) and expectedly yet another […]
The social commerce platform Sagoon has reportedly announced that it will be closing its successful mini-IPO (equity crowdfunding). The mini-IPO will be offered on 26th July 2018. The investors that might be interested in buying the shares of the company can buy it until the midnight of 26th July. The mini-IPO had been launched in […]
Chinese e-commerce players are now targeting India and middle east countries markets due to high potential for economic growth as per the report in Chinese media today. According to a report from app data provider App Annie, five of the top 10 best performing cross-border e-commerce Chinese apps in the first five months such as […]
E-commerce logistics company Delhivery is gearing up for capital market debut with a $350-million (2,500 crores) initial public offer in coming months, a move that will mark first e-logistics listing in the country. Delhivery has hired leading firms Goldman Sachs, Morgan Stanley, Citigroup and Kotak to look after its IPO process. The IPO will witness […]
India’s technology industry is bracing itself for the next era of e-commerce warfare, especially after the mega Walmart-Flipkart deal has come into play. While the acquisition has returned a lot of liquidity in the ecosystem, it has also sparked off a maiden opportunity for new entrepreneurs and investors, adding to the wait for the $100 […]
The biggest multinational tech company Google announced on Monday that it will invest an amount of $500 million in Chinese second largest e-commerce platform called JD.com. Both the companies have mentioned this funding as an association that will help in the promotion of JD.com products on Google’s shopping service. In return for the funds, Google […]
Cashify, a Gurugram based online marketplace for used smartphones has partnered with Chinese recommerce firm AiHuiShou as a strategic investor and partner in order to reinforce its international expansion. Though the actual financial details of the deal have not been disclosed by the company, sources have cited that the collaboration is a part of the […]