Chinese online retailer JD.com has emerged as one of several companies exploring a potential bid for British parcel delivery company Evri, two people familiar with the matter said. Reuters reported earlier this year the...
Amazon to defend iRobot buy at Dec 18 EU hearing, source says
Amazon will defend its $1.4 billion purchase of robot vacuum maker iRobot at a closed EU hearing on Dec. 18, a person with direct knowledge of the matter said, three weeks after EU antitrust regulators said the deal may...
Walmart buys $1.4 billion Tiger Global stake in Flipkart, report
Walmart has bought stake in one of India’s most popular e-commerce firm, Flipkart. The company has paid $1.4 billion to buy out hedge fund Tiger Global’s investment in e-commerce firm, reported Wall Street...
Alibaba slumps on report of SoftBank plan to sell most of stake
Chinese e-commerce leader Alibaba Group Holding Ltd. slumped in Hong Kong, after the Financial Times reported that its early backer SoftBank Group Corp. is moving to sell the majority of its stake in the company. The...
Amazon says it is in talks with regulators on Roomba vacuum maker deal
Amazon said on Wednesday it is in talks with regulators on its $1.7 billion bid for iRobot Corp, maker of the robotic vacuum cleaner Roomba, with the takeover likely to draw tough scrutiny due to regulatory concerns...
Gulf e-commerce company Noon to buy fashion venture Namshi
Dubai’s Emaar Properties said on Saturday it is selling fashion e-commerce venture Namshi to Noon, an e-commerce company backed by Dubai billionaire Mohamed Alabbar and the Saudi Arabian sovereign fund the Public...
Dubai Mall owner Emaar to discuss selling its e-commerce business
The board of Dubai’s Emaar Properties, which owns the Dubai Mall, will meet on Thursday to discuss the sale of its e-commerce fashion business, the company said on Monday. The meeting, disclosed in a statement...
Amazon strikes $3.5 bln deal for One Medical in long march into U.S. healthcare
Amazon.com Inc agreed to buy primary care provider One Medical for $3.49 billion, expanding the e-commerce giant’s virtual healthcare and adding brick-and-mortar doctors’ offices for the first time. The all...
Shiprocket to acquire majority stake in Pickrr for $200 mn: Joint statement
E-commerce logistics SaaS company Shiprocket has inked a deal to acquire a majority stake in its competitor e-commerce platform Pickrr for about USD 200 million (about Rs 1,560 crore) in a mix of cash and equity...
Tencent buys stake worth $264 million in Flipkart from Binny Bansal
Chinese technology conglomerate Tencent has bought stake worth USD 264 million (about Rs 2,060 crore) in Flipkart from its co-founder Binny Bansal through its European subsidiary, according to official documents...
Flipkart plans to restructure refurbished biz ahead of IPO
Walmart Inc.-owned Flipkart plans to restructure its refurbished products business ahead of a planned US listing in 2023, said two people aware of the matter. The company is exploring partnerships with refurbished...
Flipkart acquires D2C SaaS platform ANS Commerce
Walmart-owned e-tailer Flipkart has acquired direct-to-consumer (D2C) Software-as-a-service (SaaS) platform ANS Commerce for an undisclosed sum. The deal is expected to close in the second half of 2022, subject to...
