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 […]
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 […]
WSJ/ A European Union privacy regulator has proposed a fine of more than $425 million against Amazon.com 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 […]
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 […]