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Former Alibaba executive joins Paytm as VP

Paytm, India’s most prominent online payment service provider appointed ex-chief of Alibaba Group Holding wholesale business, Bhushan Patil as the company’s new Vice-President, the company announced on Friday. The move comes as Paytm is looking to ramp up growth and...

Alibaba to venture into India, may tie up with Tata Sons

Chinese e-commerce giant Alibaba is planning to enter India this year and for a possible partnership, it has approached Tata Sons. It will take two quarters for Alibaba to finalise a joint venture partner. The company said it is evaluating...

Alibaba to set up tech development centre in India

Chinese e-commerce giant Alibaba Group is evaluating options to set up a technology development centre in India. The move is being seen as a global endorsement of India's software engineering talent, three people familiar with the development were quoted by The...

Alibaba signs pact to train rural e-comm gurus

Alibaba has signed an agreement with the China Communist Youth League to train one million teenagers to take e-commerce to rural areas. According to the deal, Alibaba will help the rural youth to jumpstart online businesses offering training, funds...

After talks with Amazon fail, Flipkart courts Alibaba

Amazon was in talks to buy Flipkart as recently as last year. According to a report in The Economic Times, Amazon had engaged Flipkart in the last quarter of 2015, but talks broke down on the matter of valuation. Amazon...

Amazon wants patent for buying items using selfies

Online shopping giant Amazon is seeking a US patent to use selfies instead of passwords for shopping using smartphones. Amazon feels that as compared to passwords or identification numbers, combining sensor and camera capabilities in smartphones with face and gesture...

Alibaba builds apartments for its employees

The biggest e-commerce company of China, Alibaba, is building apartments to sell to its employees. These apartments will be available to employees at a discount of about 40 per cent. The company is building 380 apartments in Hangzhou. The area...

Flipkart introduces new online wallet

India's e-commerce major Flipkart, in a bid to foray into the payments business, has launched an online wallet, Flipkart Money. The online wallet will directly compete with Alibaba-backed Paytm and Snapdeal's Freecharge. Flipkart Money will help the firm increase the...

Consumer-facing startups attracted maximum investment in 2015: Report

Investment momentum in startups witnessed a rapid rise in the last five years and in 2015, over 600 Indian companies got funded with more than USD2 billion being invested by PE and VC funds. According to a report by assurance,...

Digital commerce in India to touch USD 128 bn by 2017: Study

The digital commerce market in India is likely to touch USD128 billion in 2017 from the current level of USD42 billion on the back of higher mobile and Internet penetration and mobile-commerce sales, says a joint study by ASSOCHAM...
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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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