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Mirae-Naver, Alibaba, CDC invest US$ 150 mn in BigBasket

Mirae-Naver, Alibaba, CDC invest US$ 150 mn in BigBasket

South Korean Asset financial group Mirae-Naver, Chinese e-tail behemoth Alibaba group and British development finance institution CDC on Monday...
Amazon to close its online biz in China: Report

Amazon to close its online biz in China: Report

Retail giant Amazon will withdraw its domestic e-commerce marketplace business in China, effective from July 18, but will keep...
Paytm Mall plans to hire 300 people in next few months

Paytm Mall plans to hire 300 people in next few months

Alibaba-backed Indian e-commerce firm Paytm Mall Sunday said it has hired 200 people across various functions and is planning...
A new world of shopping: 100 mn people to make purchases using AR, VR by next year

A new world of shopping: 100 mn people to make purchases...

By 2020, 100 million people would shop in-store and online using Augmented Reality (AR), enabling people to visualise products...
BigBasket raises US$ 150 mn from Mirae, Alibaba and CDC Group

BigBasket raises US$ 150 mn from Mirae, Alibaba and CDC Group

Online grocery platform BigBasket has raised about US$ 150 million from South Korea's Mirae Asset Management, UK's CDC Group,...
How technology is revolutionising the foodservice industry

How technology is revolutionising the foodservice industry

We are at the beginning of the most radical transformation of the foodservice industry. Until now, technological innovations in...
RIL has true potential to evolve into India's Amazon or Alibaba: UBS

RIL has true potential to evolve into India’s Amazon or Alibaba:...

A week after Reliance Industries (RIL) reported a 8.82 percent rise in consolidated net profit for its third quarter...
Deep Dive: World's 10 biggest e-commerce marketplaces, from Alibaba to Zalando

Deep Dive: World’s 10 biggest e-commerce marketplaces, from Alibaba to Zalando

Marketplaces Gaining Share of Global Internet Sales Worldwide, e-commerce will generate an estimated $1.6 trillion in sales this year, up...
Alibaba generates record US$ 31 billion during Singles' Day sale

Alibaba generates record US$ 31 billion during Singles’ Day sale

Chinese e-commerce giant Alibaba on Monday announced generation of whopping US$ 30.8 billion in terms of Gross Merchandise Value...
Alibaba’s robust ecosystem supercharges 2018 11.11 Global Shopping Festival

Alibaba’s robust ecosystem supercharges 2018 11.11 Global Shopping Festival

Alibaba Group Holding Limited officially kicked off the 2018 11.11 Global Shopping Festival in China’s capital, promising this year’s...