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Paytm receives final tranche of US $445 mn funding from SoftBank, Alibaba

Paytm Mall has received the final tranche of its US $4 45 million (about Rs 3,000 crore) funding from SoftBank and Alibaba, a move that will give the online shopping venture of Paytm more financial muscle to take on...

Alibaba to invest over 100bn yuan on smart logistics

Chinese e-commerce giant Alibaba Group on Friday announced that it will invest over 100 billion yuan to build a smart logistics network, aimed at improving the company's efficiency and delivery reach to customers. The announcement was made by Jack Ma,...

Alibaba acquires Pakistan’s e-commerce company Daraz

China's e-commerce giant, Alibaba has made its entry into Pakistan by acquiring one of the country's biggest e-commerce companies, the Daraz Group. According to a PTI report: With the acquisition, the Jack Ma-led group has also expanded in four other...

Chinese e-commerce giant Alibaba sets plans for Thailand

The Chinese e-commerce giant Alibaba has agreed to step up investments in Thailand. According to a PTI report: The founder of the online shopping giant, Jack Ma, met with Thailand's prime minister, Prayuth Chan-ocha, on Thursday and signed an agreement...

Alibaba creates over 36.8mn jobs in 2017

Chinese e-commerce giant Alibaba created over 36.8 million jobs in 2017 via its expansive retail ecosystem, a report showed. The company's various e-commerce platforms like Tmall and Taobao, which cover over 500 million consumers, offered about 14.05 million jobs to...

H&M launches dedicated store at Alibaba’s Tmall

H&M has launched a dedicated store at Alibaba's Tmall. With Tmall’s unique and strong position in Mainland China, this partnership is an important complement to H&M’s over 400 physical stores and HM.com Shop Online. “We are very happy to extend...

‘Future of e-commerce will be more personalised’

The future of e-commerce will be more personalised, aiming to provide consumers with customised services, a senior director of China's e-commerce giant Alibaba Group said on Wednesday. Paul Fu, Senior Director of User Experience at Alibaba, made the remarks at...

The changing landscape of food retailing in India

A joint report by National Restaurants Association of India and Technopak Advisors state that the foodservice market in India is projected to touch Rs 4.98 trillion by 2021. These are no small numbers as in 2016, the market was...

Alibaba invests another US $1.3 billion into its offline retail strategy

Alibaba Group Holding will pay about 5.45 billion yuan (US $866 million) for a 15 percent stake in China's Easyhome, a home improvement chain, as the internet giant expands its investments in offline and retail businesses and will also...

Zomato raises US $200 million from Alibaba’s Ant Financial

Food ordering and restaurant discovery platform Zomato Media Pvt. Ltd has raised US $200 million from Ant Small and Micro Financial Services Group, valuing the company at about US $1.1 billion. Ant Financial will hold around 18 percent stake in...
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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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