Category Archives: E-commerce

India’s Flipkart Raises $3.6 Billion in latest Fundraising Round

India’s e-commerce startup Flipkart is raising $3.6 billion in its latest funding round, attracting investors including Japan’s Softbank Vision Fund and U.S. retail giant Walmart Inc. The investment values the group, one of India’s leading digital e-commerce entities operarting payments apps in India, at $37.6 billion, Flipkart said in a statement Monday. Other investors in […]

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Livestreaming e-commerce increasingly going mainstream

Pandemic only added fuel to the fire for fast-growing online marketing China’s emerging livestreaming e-commerce industry has witnessed explosive growth amid the COVID-19 pandemic, thus creating new growth opportunities for a wide range of businesses and injecting new impetus into the economy, said industry experts. They said livestreaming has become a key means for brands […]

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Amazon Faces Possible $425 Million EU Privacy Fine

WSJ/ A European Union privacy regulator has proposed a fine of more than $425 million against Inc., part of a process that could yield the biggest-yet penalty under the bloc’s privacy law, people familiar with the matter said. Luxembourg’s data-protection commission, the CNPD, has circulated a draft decision sanctioning Amazon’s privacy practices and proposing […]

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Strengthen interconnection and promote economic cooperation

Officials from Shanghai Cooperation Organization (SCO) countries agreed to take measures, including strengthening connectivity, pushing forward e-commerce, building unified payment system, and deepening trade cooperation between member countries in order to offset the blow brought by COVID-19. Against the backdrop of the transformation of the world’s economic layout, triggered by the rise of Asia as […]

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