The trillion dollar US e-commerce giant Amazon is taking India very seriously. The company knows the country is the next big thing on the planet as both America and China are inching towards a saturated phase.
Although both Berkshire Hathaway (the company which Buffett owns, and uses for investments) and Paytm hasn’t responded to this news, sparks are already flying.
Paytm Mall has informed us that they are aiming for Rs 70,000 crore business by March, 2019. And, they have claimed to process Rs 24,500 crore worth of annualized gross sales by the end of June, 2018.
While Walmart has decided to hire 1000 engineers in India, Flipkart has decided to break its friendship with WS Retail, their largest seller for a long long time.
Govt. of India has just released the first draft of India’s national policy on e-commerce. This is a set of policies and rules, which aim to provide a framework for India’s e-commerce industry and for all players involved in this industry.
As of now, almost 50% of all ecommerce orders are cash-on-delivery or CoD, wherein the end user pays for the products when it is actually delivered. However, little did we knew that this CoD model, which is so popular among online…
All through the day, speculations were rife that Flipkart has failed to pass the benefits of GST cuts to the end-users, thereby violating anti-profiteering laws.
The battle for ecommerce dominance is now becoming even more intense, as partnerships are being formed, and new, fresh capital being infused.
In 2017, Amazon launched the Prime Day sale for the first time in India. This is a special sales day, targeted only for Prime users. Overall, this is the 4th Prime Day sale globally.
As per exclusive reports coming in, the whole ecommerce business of Jio would be based on a single app for merchants and users, and a new concept of ‘tokenisation’ would be implemented, which can change everything about ecommerce