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Alibaba initiates process to set up team in India
In a sign of things to come, Chinese e-commerce giant Alibaba has begun the process of setting up a team in India to look at merger and acquisition (M&A) opportunities.
According to a report in The Hindu Business Line, Alibaba has...
Retail
Paytm registers 122 million active users in one year
One of India's largest electronic payment platform, Paytm has reported a five fold rise (122 million) in the number of active users in one year.
Ant Financial, the Alibaba Group affiliate, took 25 per cent stake in One97, which was...
Retail
Japanese e-commerce titan Rakuten may enter India
Japanese e-commerce giant Rakuten, which opened its development centre in Bengaluru in 2014, has now opened a business office in the startup hub.
Rakuten, the company behind chat application Viber, is eyeing a direct entry - as opposed to Alibaba's...
Retail
Alibaba topples Walmart to become world’s largest retailer
Chinese e-commerce behemoth Alibaba overtook America's Walmart to be world's largest retailer, according to Stationery News.
With an expected overturn of $490 billion in 2015-16, the Chinese retailing brand is the global leader in the sector.
The dethroning of Walmart comes on...
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Alibaba files lawsuit against fake university
Alibaba, the Chinese e-commerce giant, has filed a lawsuit against fake university and shopping malls who have been illegally using the name of its online shopping sites.
Alibaba has filed lawsuits against the three eco cities, with Hangzhou Intermediate People's...
Retail
Flipkart's eKart to handle delivery for Paytm
Flipkart plans to open up its logistics services arm to third-party merchants and in this regard, has joined hands with Paytm to deliver goods through eKart, its logistics arm.
This move is expected to establish eKart as an independent business while reducing...
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Alibaba to award $5.5mn in eSports events
Chinese e-commerce major Alibaba has announced that it will be launching multiple eSports tournaments, including a series called the AliSports World Electronic Sport Games (WESG).
Alibaba signed an agreement this week with Singapore-based social networking firm YuuZoo to run the firm's...
Retail
E-commerce clarity may pave smooth path for Alibaba
The new rules on foreign direct investment in online marketplaces could accelerate the entry of overseas firms such as China's Alibaba Group, both as investors and retailers, and potentially alter India's e-commerce landscape given their deep pockets.
According to a...
Retail
Biyani cries consolidation as Flipkart, Snapdeal fight on Twitter
The founders of Flipkart and Snapdeal - the two largest Indian e-commerce retailers - took their online rivalry onto the social media space. The trigger - Chinese e-commerce major Alibaba's entry into India.
On Friday evening, Flipkart's Sachin Bansal tweeted:...
Retail
Alibaba to pass Walmart, become world's top retailer
Chinese e-commerce giant Alibaba is expected to surpass the US multinational firm Walmart soon as the world's largest retail platform. Walmart Stores Inc posted net sales of $478.6 billion for its fiscal year ending January 31, while the latest...
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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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