The billionaire Chinese businessman sat down with CNBC this week at the Gateway '17 conference in Detroit for a wide-ranging interview on those topics and others. Here are the highlights:
Myntra's sale comes at a time when brick and mortal retail stores are offering heavy discounts to customers to clear stocks, ahead of the GST roll-out from July 1.
The present ‘sale’ is largely driven by the imminent roll-out of GST.
Highlighting multi-billion dollar opportunities that exist in areas like IT and IT enabled services, e-commerce, electronics manufacturing, digital payments and cyber security, he said that achieving USD 1 trillion digital economy is not a "tall claim".
The company is endorsed by Bollywood star Shahrukh Khan and operates across 25 cities the country
The Xiaomi Redmi Note 4 is available in three variants – the 2GB RAM/32GB storage variant priced at Rs 9,999, the 3GB RAM/32GB storage variant priced at Rs 10,999 and the 4GB RAM/64GB ROM variant priced at Rs 12,999. The Note 4 is available in 4 colours – Matte Black, Gold, Grey and Silver.
Snapdeal may witness another round of layoffs which may impact 600 to 1,000 odd employees, two people privy to the development inside the company told Moneycontrol
In March, Moneycontrol had reported that SpiceJet would foray into retail space with a string of physical stores, online e-tail gateways, and in-flight merchandise.
The online retail industry is now focusing on profitability through convenience, easy return policies, customisation, time bound services and easier digital interface to keep customers flocking in
Amazon India has hired several senior executives from Snapdeal in last few weeks, even as rival Flipkart is doing a due diligence for a potential acquisition of the Gurgaon e-commerce firm.
The e-commerce giant has doled out more than $1 billion in small loans to sellers in the past 12 months, compared with more than $1.5 billion it lent from 2011 through 2015, said Peeyush Nahar, vice president for Amazon Marketplace. Sellers have used the money to expand their inventory or discount items on Amazon, he said.
The govt had floated an RFP for design, development, operation and maintenance of GeM on March 21, this year. A new and revised RFP is likely to be floated soon after concerns of various stakeholders
Under this “Digital Offline Model”, the company creates a location-wise credit profile for local grocery and telecom store owners and records their transaction data under it
The e-commerce company has evolved a new corporate strategy by cutting its marketing budgets by a third but increasing its conversions and reach
Under the new rules, details furnished by e-commerce companies will be verified against the details provided by the merchants, which can reign in discrepancies in payments
Answers are vague, but the startup ecosystem is abuzz with one Chennai-based startup advisor exposing real identity behind an anonymous Twitter handle. Will it lead to end of the whistleblower called Unicon Baba, everybody is asking
Alibaba Health will buy Ali JK Nutritional Products Ltd from Alibaba Group in a deal to be settled by the issue of 1.19 billion shares at HK$3.2 apiece, or a 6.16 percent discount to the last close, the company said in a filing to Hong Kong bourse.
Vijay Shekhar Sharma-led e-wallet firm Paytm has raised USD 1.4 billion from Softbank Group Corp making it one of the largest funding rounds in the wallets space in India
The association claimed that over 500 sellers have unsettled dues with Snapdeal, and would lose out if the deal is allowed to go ahead.
Investors drive decisions on merger with Flipkart, even as Snapdeal has hired Amarchand Mangaldas to lead the negotiations for the deal, expected to be concluded this month.
Under the partnership, entrepreneurs manufacturing, retailing and exporting products will be educated on the digital business opportunity, brand building, documentation, listing methodology and Amazon services, a statement said.
The online furniture retailer may plan an IPO in a year and a half, company CEO told Moneycontrol
With intense competition from deep-pocketed global rivals like Amazon, companies like Flipkart and Snapdeal could face more heat in the coming days
The Big 10 sale, which is different from the flagship The Big Billion Days sale, will be held between May 14 and 18 to mark completion of 10 years of Flipkart's operations.
After ploughing about USD 2 billion into minority stakes in Indian e-commerce businesses over the past few years, Japan's SoftBank is upping the stakes, looking to play consolidator and take a more active role at a trio of leading start-ups.