Page 13 - Ecommerce

China fines tech giants for spreading content exploiting children

China's internet watchdog said Wednesday it has fined platforms operated by e-commerce company Alibaba and gaming firm Tencent

Sharp rise in Amazon customer base in tier II, smaller towns: Pranav Bhasin

The Amazon.in marketplace has witnessed an exponential increase in customer base in tier II cities and smaller towns since the coronavirus-induced lockdowns last year, Pranav Bhasin, Director, MSME and Selling Partner Experience, Amazon India, said. Work-from-home and online schooling enablers are in high demand, besides personal grooming, wellness and grocery products as more customers are getting online for their shopping needs since mid-2020, he added. In an interview to PTI, Bhasin said, "In the last 15- 18 months, we have seen a lot of customers move online, not just in the tier I & II cities but also in smaller towns. Today, 65 per cent of customer orders and over 85 per cent of new customers on Amazon.in are from tier II and below geographies." The Amazon.in marketplace is operated by Amazon Seller Services Private Ltd, an affiliate of Amazon.com, Inc. Stating that customers across nearly 100 per cent of India's serviceable pin codes are in their network, he ..

Amazon sued by US product-safety agency over selling defective items

The complaint filed says Amazon sold children's sleepwear that failed to meet federal standards for flammability

LVMH's Moët Hennessy teams up with Campari in wines, spirits e-commerce

LVMH's Moët Hennessy and Italy's Campari have agreed to team up to invest in wines and spirits e-commerce companies and create a European ecommerce player in sector

Flipkart offers employees option to liquidate shares worth Rs 600 cr

During a town hall meeting, Flipkart CEO Kalyan Krishnamurthy told the employees that the firm aims to become a $100 billion company in terms of valuation

Social commerce firm Trell raises $45 mn in series led by Mirae Asset, H&M

It is first Indian investment by H&M Group, company that owns fashion retail brand H&M, COS, and Monki

Ecommerce giant Amazon's prime day sale on July 26 and 27

There will be new launches from top brands and Small and Medium Businesses (SMB).

Bisleri eyes major e-commerce headway amid the coronavirus pandemic

The company had launched its e-commerce portal 'Bisleri@Doorstep' last year providing access to the full range of its products.

Jeff Bezos retires officially, Andy Jassy takes over as Amazon CEO

Bezos founded Amazon exactly 24 years ago on July 5, 1994

Govt to soon issue 'clarification' on FDI in e-commerce: Piyush Goyal

Minister rules out amendments; development follows complaints that some e-commerce behemoths have been flouting the policy rolled out by govt

Need to review draft e-commerce rules for progressive regulation: Experts

They say increase in liability and compliance burden may affect India's position as ideal place for global investments

Saw over 5X surge in demand for Covid safety essentials in 2nd wave: Udaan

The second wave saw a huge demand of over 11 million protective masks, making it the largest item sold on the platform.

United Kingdom watchdog probes Amazon, Google for fake reviews of goods

Google and Amazon said they will work with UK regulators in their investigation.

US lobby group views India's e-commerce plan as worrying, email shows

India this week spooked online retailers like Amazon and Walmart's Flipkart by outlining plans to limit "flash sales"

Reliance, Tata superapps gear up for battle royale in e-commerce space

While Tata has an upper hand like in-house products and brands, RIL has the backing of global biggies like Google, Facebook and Microsoft, says head of a rating firm

Grofers co-founder Saurabh Kumar exits co, will continue as board member

The development comes at a time when the SoftBank-backed company is looking at launching an initial public offering (IPO).

IKEA enters Bengaluru, launches ecommerce and mobile shopping app

Swedish home furnishing retailer IKEA announced on Thursday the launch of its eCommerce services and mobile shopping app in Bengaluru. There will be over 8,000 home furnishing products and solutions to choose from, it said in a statement. The company opened its second IKEA India store in Navi Mumbai in December 2020. IKEA already has online presence in Hyderabad, Mumbai, Pune, Ahmedabad, Surat, and Vadodara. The IKEA mobile shopping app features product recommendations, ratings, and reviews, along with "easier" searching and browsing experience, the statement said. Customers can also find a built-in barcode scanner which will help them learn more details about the products, including materials and dimensions, it was stated. IKEA India CEO & CSO (Chief Sustainability Officer) Peter Betzel said Karnataka is a very important market for IKEA and Bengaluru is one of the largest home furnishing markets in India. The company will also open a big IKEA store, close to 400,00

Flipkart unveils fulfilment centre in Bengal to ramp up supply chain infra

Flipkart said it is working with over 9,300 Kirana delivery partners and 10,000 sellers from the region.

InMobi subsidiary Glance to acquire ecommerce platform Shop101

Glance is also the owner of video-sharing social media platform Roposo

Big Bazaar's online bet clicks as platform hits 50,000 orders a day

With this, it has achieved half its initial target within two months