Twitter Collaborates With Shopify, Aims E-Commerce Expansion For US Merchant
Aiming for e-commerce business expansion, Twitter collaborated with Shopify on June 22. "With our Twitter Shopping ecosystem, we're investing in features that empower businesses to put their products in front of their customers and drive them to where they can make a purchase," said the company in a release. Notably, Twitter built a sales channel app, on the Shopify app store, which will help US merchants to do e-commerce through Twitter.… read-more
Tags: Digital Media, marketing, Shopify Appstore, Twitter, E-commerce
Courtesy: India TV News
Flipkart Big Billion Sale To Start Soon Ahead Of Festive Seasons
The online retail major Flipkart has officially announced the comeback of 'The Big Billion Sale' dropping off teasers for the new launches, discounts, and offers ranging across electronics, appliances, fashion, home decor. The sale is expected to go live at the peak of the festive season, around September-end or October-start. However, the consumers will enjoy more discounts using ICICI and Axis bank credit cards and via Paytm transactions.… read-more
Tags: Flipkart, big billion sale, E-commerce, Paytm, ICICI
Courtesy: Mint
Students Build Solar Cycles; 800 Villagers Can Easily Access Info
Two students of Nanyang Technological University, Singapore- Nikhil Mukkawar and Ho Jing En have invented solar cycles for smart services and e-commerce which is helping at least 800 villagers in Andhra Pradesh. It is being used for various advancements such as government schemes, making cash transactions, and using e-commerce platforms. “We wanted to bridge the gap between villagers and access to information," says Nikhil, a native of Andhra… read-more
Tags: Technology, Andhra Pradesh, E-commerce, government scheme
Courtesy: The Better India
Jeff Bezos To Hand Over CEO's Chair, Andy Jassy Takes Lead
Amazon CEO Jeff Bezos is set to hand over his chair to Andy Jassy on July 5. However, Bezos will retain a key role as executive chair at the company and will spend more time overseeing his other projects of space firm 'Blue Origin'. Amazon was founded 27-years-ago, Bezos initiated it at his garage and packed orders himself also drove them to the courier office.
Tags: Amazon, Jeff Bezos, Andy Jassy, CEO, E-commerce
Courtesy: Hindustan Times
Amazon Vows To Bring 1 Million Retailers Online With $250 Million Venture Fund
E-Commerce giant 'Amazon' launched a $250 million Amazon Smbhav Venture Fund, on April 15, along with other initiative aimed at upscaling SME's. Aimed at upgrading healthcare and agricultural sectors, the package will assist budding entrepreneurs and startups in digitising SMEs. While vowing to bring 1 million retailers under their umbrella by 2025, the company also launched an initiative to bring 50,000 artisans under the flagship 'Spotlight… read-more
Tags: Amazon, India, E-commerce, Retailers
Courtesy: Financial Express
CAIT Launches App For Upcoming E-Commerce Portal 'Bharat e Market'
Confederation of All India Traders on March 11 launched an app for its upcoming e-commerce portal 'Bharat e Market.' Aimed at creating ‘e-dukaan’ for goods and service providers, the ‘purely Indian’ portal vows to abide by all norms. While accusing foreign e-commerce companies of violating FDI norms, the CAIT portal has prohibited the sale of Chinese goods. Moreover, the portal abstains from charging any commission that other portals charge… read-more
Tags: CAIT, E-commerce, shopping, Traders Body, India
Courtesy: The Economic Times
Amazon Brings 50,000 Small Sellers Under Its Hyperlocal Programme
Amazon has brought 50,000 small-scale shops under its flagship hyperlocal programme in less than a year. Eying at catering for the requirements of the nearby customers, the programme saw the participation of retailers from around 450 cities. Besides, Tier-II and Tier-III cities, including Sangli, Osmanabad, Jamnagar, and Tumkur, have made it to the names. Reportedly, over 20,000 retailers participated in the Great Indian Festival 2020.
Tags: Amazon, E-commerce, Retailer, Amazon India, Jeff Bezos
Courtesy: The Financial Express
Tata Group Plans To Acquire 68% Stake In Virtual Grocer 'BigBasket'
Indian conglomerate Tata Group has inked an agreement with online grocery platform BigBasket acquiring 68% stakes for Rs 9,500 crore. Resultantly, BigBasket's enterprise value clocked beyond Rs.13,500 crores. The new development arrived amidst speculations suggesting Tata Group's possible venture into the e-commerce arena, currently reigned by Grofers, Amazon, and Flipkart. While the rival Reliance Retail is also advancing invasions in the… read-more
Tags: Tata groups, BigBasket, E-commerce, Amazon, Flipkart, Reliance Retail
Courtesy: The Hindu
Amazon's Global Profit Surges To $363 Million For December Quarter
US e-commerce giant Amazon has recorded a net profit of $363 million from its international business for the third financial quarter ended on December 31. The company witnessed a 54% hike in overseas sales accounting for $37 billion. Interestingly, it suffered a loss of $617 million in the same quarter last year. Reportedly, the pandemic-induced surge in online shopping and huge off-shore investments by the company were the reason behind the … read-more
Tags: Amazon, QUARTER NET PROFIT, E-commerce, Investment
Courtesy: The Times of India
Myntra To Restyle Its Logo As It Was Termed "Offensive" Towards Women
As e-commerce website Myntra's logo was called insulting towards women and a police complaint was filed against the same, the company has decided to change it. The complaint against the "offensive" logo was filed by NGO Avesta Foundation's Naaz Patel in December 2020 to the Mumbai Police. Responding to the Cyber Crime Department's e-mail regarding the complaint, Myntra assured to revise the logo on website, app and packaging materials in a… read-more
Tags: E-commerce, Myntra, Avesta Foundation, Mumbai Cyber Crime Department, Naaz Patel
Courtesy: India Today