Page 4 - E-commerce Firms

Alibaba lays off nearly 10,000 in three months after 50% drop in net income

These are an effort to cut expenses amid sluggish sales and a slowing economy in China

Changing customer behaviour helps establish new age e-commerce models

New e-commerce players have set a hawk-eye focus on the latest dynamic trends to ensure success for years to come

Mswipe Technologies gets RBI approval for payment aggregator's licence

Joins companies allowed to manage and process merchants' online transactions

Amazon sets up grant for Indian entrepreneurs to build logistics business

Programme will help women, persons with disability, and people from the LGBTQIA+ community

Amazon moves SC challenging NCLAT ruling on Future group investment

Appellate tribunal upheld CCI order suspending digital commerce platform's investment in Future group in 2019

Blue collar workers up demands as firms prep for festive season: Report

In 2022 an all-time high number of temporary jobs ranging from 5,00,000-5,50,000 is expected to be created during the festive season

E-comm retail logistics market projected at $6.3 bn by FY26: Report

The growth will be primarily driven by the e-commerce retail market - expected to reach approximately $145 billion by FY26, with about 15 million daily shipments.

Panel urges plan to help local vendors build ONDC-compatible technical tool

Says no clarity on ONDC network's liability in case a consumer is delivered substandard products; local businesses will also find it hard to compete with e-commerce giants

Elon Musk's alarm over Twitter bots takes the lid off advertising frauds

Twitter claimed that less than 5 per cent of its accounts are fake, but global research agencies say it is at least 3x the quoted number

RBI clears payment aggregator licence for Razorpay, PineLabs & Stripe

Payment aggregators enable e-commerce sites and merchants to accept payment instruments from customers without the need for merchants to create their own payment integration system

e-con Systems opens new site in Bengaluru, eyes $10 million funding

e-con Systems plans to ramp up employee base by 50%, with focus on salesforce and R&D personnel

Ankiti Bose steps down from Zilingo board, was fired from firm in May

Bose was fired from the Singapore-based B2B e-commerce startup company on May 20 on grounds of financial irregularities

Amazon letter accuses Future group of fraud, seeks forensic audit

E-commerce giant writes letter to retail chain's independent directors, seeks independent probe of dealings with RIL

Startups should think of credit solution for small businesses: Vaishnaw

Vaishnaw urged consumer tech companies to leverage Open Network for Digital Commerce (ONDC), India's alternative in its e-commerce market

DoT warns e-commerce companies on illegal sale of wireless jammers

The DoT has raised the issue several times in the last 4-5 years and even conducted raids to check illegal sales of these equipment

Aiming to clock 100 mn users by end of 2023, says Flipkart's Shopsy

Flipkart's social commerce platform has over 250,000 sellers and 150 million products ranging across fashion, beauty, mobiles and home

GST rule change for small businesses a game-changer for ONDC: Goyal

Goyal said another big advantage is for the small retailers who are very keen to engage with ecommerce

58% e-commerce consumers say their negative ratings not published: Survey

Almost 65% find product ratings to be positively biased, according to LocalCircles

Udaan lays off about 180 employees in a move to drive cost-efficiency

The layoffs have happened at a time when Udaan is trying to turn into a publicly listed entity in 18-24 months

Govt to take action against fake reviews on e-commerce platforms

Department of Consumer Affairs to hold meeting with e-commerce entities and stakeholders on Friday to discuss magnitude of fake reviews and prepare a roadmap ahead