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Social commerce platform for fresh produce, Otipy, eyes $10M funding in 2021

Community group buying is revolutionising the grocery e-commerce space in China. Disruptive brands like Furong Xingsheng and Nice Tuan are garnering major traction by cracking the long-standing conundrum around e-commerce for fresh produce and have raised multi-millions in funding...

Tencent invests US$ 62.8 million in Flipkart

Tencent has invested US$ 62.8 million in Indian e-commerce giant, Flipkart, according to filings sourced by paper.vc. “There is the possibility though that Tencent’s investment is the first money in, as part of this larger round involving Walmart and other...

Scan & Go: Technologies that will rule 2020 & the stores that are getting it right

Imagine walking into a store, choosing a product, standing in a long line to pay and then getting into an argument with a cashier. Now, imagine walking into a store and getting personalised attention, choosing products that are customised...

Walmart acquires 77 percent stake in Flipkart Group

Retail giant Walmart Inc. on Saturday acquired approximately 77 percent stake in e-commerce major Flipkart.According to a statement, Walmart now holds approximately 77 percent of Flipkart, while the remainder of the business is held by other shareholders, including Flipkart...

China’s Tencent opens cashier-less pop-up store in Shanghai

Chinese Internet giant Tencent has opened its first cashier-less pop-up store in Shanghai in a move to tap into the country's promising unmanned retail industry.According to a PTI report: At the 300-square meter shop named We Life, shoppers can...

Carrefour announces transforming partnerships in China

Carrefour has announced a potential investment by Tencent and Yonghui in Carrefour China as well as a strategic cooperation agreement with Tencent in China.Potential Investment by Tencent and Yonghui in Carrefour ChinaCarrefour has signed a term sheet with Tencent...
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GoKwik and Twid partner for loyalty rewards

Through this partnership, 100 million shoppers in the GoKwik network will be able to access loyalty and reward points...
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