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India at the tipping point of explosive e-commerce growth

India and Indonesia share a number of characteristics that position them on the tipping point of explosive e-commerce growth. Between them, India and Indonesia account for one out of every five people alive on earth. With India’s economy predicted to...

Madhur Deep, Senior VP, Alibaba

Madhur Deep Senior VP Alibaba Group Former McKinsey and Delloite executive Madhur Deep, joined Chinese behemoth Alibaba as its Senior Vice President recently. In his new role, Deep will be responsible for heading the strategy and investment teams to build out market entry,...

Walmart in preliminary talks to invest $1 billion in Flipkart

Walmart Stores Inc. is in advanced discussions to invest as much as $1 billion into India’s Flipkart Online Services Pvt. Ltd in exchange for a minority stake in the Bengaluru-based e-commerce company, according to several reports. The move is being widely...

Alibaba to launch world's first e-commerce satellite next year

China's online marketing giant Alibaba plans to launch the world's first e-commerce satellite next year to provide people with the best vegetables after analysing agricultural cultivation and harvesting data. Juhuasuan.com, a group shopping website affiliated with Alibaba Group, has announced...

Alibaba chairman is now the adviser to UN trade body

Chairman of e-commerce giant Alibaba, Jack Ma, has been appointed adviser to the UN Conference on Trade and Development (UNCTAD), his company disclosed this on Wednesday. Ma, one of the richest men in China, will be UNCTAD's Special Adviser on...

Alibaba to assist Indian SMEs in global trading

Global e-trader Alibababa.com has announced offering Indian small and medium enterprises (SMEs) a common platform for their global trading needs. "We have tied up with five partners to set up a Trade Facilitation Centre (TFC) programme for providing Indian SMEs...

Alibaba leaves Asian listed firms behind in market value

China's e-commerce giant Alibaba's market value has surpassed all other Asian listed firms, totalling over $266 billion, official media reported today. The world's largest e-commerce platform closed at $104.64 per share on the New York Stock Exchange on Saturday, totalling...

Jabong’s Sanjeev Mohanty joins Levi Strauss

Jabong's former CEO & Managing Director, Sanjeev Mohanty, has joined Levi Strauss & Co. as Managing Director of the firm’s South Asia operations. He is credited with building Benetton into the largest foreign fashion brand in the country during his 11-year stint with them. Mohanty...

Paytm to raise $300million, valuation likely to hit $5bn

One97 Communications, which runs mobile payment and e-commerce platform Paytm, is in advanced talks to raise fresh funding of about Rs 2,000 crore ($300 million) as the company gears up to launch the payments bank and aims to boost...

Paytm spins off separate entity for online retail businesses

One97 Communications, the company which owns and operates Paytm, a mobile marketplace and digital wallet, has incorporated a separate entity for its online retail business as its key investor Alibaba Group Holding Ltd firms up plans to enter India...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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