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Tag: e-commerce marketplace
SoftBank Group Writes Down $555 Million In Ola, Snapdeal Investments
Japan’s SoftBank Group Corp. has written down as much as 58.1 billion yen ($555 million) in two of its biggest investments in India, cab-hailing firm Ola (ANI Technologies Pvt. Ltd) and e-commerce marketplace Snapdeal (Jasper Infotech Pvt. Ltd), the company…
Read More SoftBank Group Writes Down $555 Million In Ola, Snapdeal Investments
收購Jet.com之後，沃爾瑪想在印度電商市場放手一博
近日，全球最大零售巨頭沃爾瑪以30億美元現金和3億美元沃爾瑪股票的價格收購了美國電商公司Jet.com。該筆交易將推動沃爾瑪電商業務的發展，使其在電商領域更具競爭力。此次沃爾瑪收購Jet.com將幫助該公司更接近電商業務的終極目標：擊敗亞馬遜。雙方在電商領域的較量會影響到印度嗎？ 而IT行業研究諮詢公司Greyhound Research的CEO戈吉亞（Sanchit Vir Gogia）並不認同斯里瓦斯塔瓦的看法，他認為沃爾瑪需要花費一段時間才能走出美國市場，公司的當務之急在於平穩地完成對Jet的收購。 Source: hksilicon.com | cnad.com | weiot.net | wxrw123.com |
Should Flipkart & Amazon Watch Out For Ecommerce Competition From Walmart?
With the acquisition of Jet.com, the year-old US based ecommerce startup, Walmart Stores Inc. made its way into ecommerce. Its entry into the lucrative online retail market came at an expense of $3 billion (to acquire Jet.com). On the other…
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Layoffs Are In Line With Industry Practices: Flipkart
Indian e-commerce giant Flipkart, which has asked around 400 of its 33,000-strong workforce to leave the company on grounds of non-performance, said the move was in line with industry practices. Sanchit Vir Gogia, Chief Futurist, Founder and CEO of Greyhound…
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Amid E-retail Crisis, Flipkart Puts 300-600 Employees On Road To Layoffs
Amid concerns of Indian startups’ financial health, Flipkart – the country’s largest e-commerce firm – put 300-600 employees on a performance improvement plan that might result in layoffs. “Market correction has impacted e-commerce firms. This is beyond regular attrition. Downsizing…
Read More Amid E-retail Crisis, Flipkart Puts 300-600 Employees On Road To Layoffs
Going, Going…Jabong The Rise, Fall, And Sale Of Jabong Is The Future For Many Other Indian Startups
There was a time when Jabong was such a sought-after startup that some were even willing to pay $1.2 billion for it. On July 26, e-commerce major Flipkart acquired Jabong for $70 million—lesser than any of the bids reportedly made for…
How Jabong Dropped The Ball In Its Battle With Myntra
On July 26th, Gaurav Alagh, a former journalist turned entrepreneur, was having a bit of a bad day and he was getting rilled up on Twitter. His navy blue polo T-shirt hadn't come in, which he had ordered from fashion…
Read More How Jabong Dropped The Ball In Its Battle With Myntra
“Snapdeal is well-positioned to turn profitable in the next 2-3 years”- Kunal Bahl, CEO
Snapdeal recently expanded their e-commerce marketplace to include more service offerings through a ‘one-of-a-kind partnership’ with Zomato, Cleartrip, UrbanClap, and redBus. Now in a recent interview with Livemint, Kunal Bahl, CEO, Snapdeal, said that the company is now focusing on…
Read More “Snapdeal is well-positioned to turn profitable in the next 2-3 years”- Kunal Bahl, CEO
Snapdeal May Die A Slow And Painful Death
On June 8, American e-commerce major Amazon announced an additional $3-billion investment in India, making clear its intention to win in the country. This throws up a massive challenge for all homegrown e-commerce companies, among which Snapdeal could be hurt the…
E-commerce norms may prove to be a dampener
The government’s foreign direct investment norms for e-commerce marketplaces issued on Tuesday may prove to be a dampener for consumers due to the clampdown on pricing freedom for marketplace operators and lack of adequate post-sales safeguards. “Exact numbers are not…