Amazon.com Inc’s Chinese joint venture is in talks about a merger with local e-commerce firm Kaola, which sells imported products in the Asian country, business magazine Caijing reported on Tuesday. Kaola, owned by...
Alibaba-backed Easyhome to float new retail unit in $5.7 billion reverse merger
Alibaba-backed home improvement chain Easyhome will take its new retail arm public via a deal worth up to $5.65 billion with a Chinese state-backed listed retail conglomerate, showed stock exchange statements published...
Infibeam terminates acquisition deal with Snapdeal’s inventory management unit Unicommerce
India’s first e-commerce company to IPO Infibeam Avenues today said that it has terminated Rs 120 crore-deal to acquire Snapdeal’s inventory and order management subsidiary company Unicommerce. The call-off comes seven...
MSTC mulls 10% fresh equity issue after govt plan to dilute 25% stake
State-owned MSTC Ltd is mulling an additional 10 per cent equity issue, following the government’s proposed dilution of stake in the trading and e-commerce services company. The Centre has proposed to offload 25...
India e-commerce norms: Amazon may have to sell Cloudtail, Appario stakes
The norms for foreign direct investment (FDI) in e-commerce put out on Wednesday bars e-commerce firms from selling products of entities in which they have an equity stake. This may effectively lead to Amazon offloading...
A topsy-turvy ride for Jabong employees after its merger with Myntra
It has never been a steady ride for Abhishek Arora (name changed), a senior data scientist at online fashion portal Jabong, since he joined the firm three years back. In 2015, when Arora joined Jabong, owned by Rocket...
Meesho raises $50 million in fresh funding round
Less than five months after raising its last round of funds, Meesho, one of the fastest growing e-commerce companies in the country, has raised $50 million in Series C funding from new investors including Shunwei...
Alibaba uncorks $290 million deal with stake purchase in wine e-tailer 1919.cn
Chinese e-commerce giant Alibaba Group Holding Ltd will invest 2 billion yuan ($288.25 million) in domestic wine and spirits importer and retailer 1919.cn to tap into resurgent demand for imported wine in China. The...
Jack Ma backed Alibaba in talks to check in at Spencer’s Retail, say reports
The global e-commerce major Alibaba is eyeing a stake in food and grocery chain, Spencer’s Retail, according to various newspaper reports. RP-Sanjiv Goenka’s retail chain, which is a wholly-owned subsidiary of CESC Ltd...
Nykaa in early talks with SoftBank to raise up to $200 million
Nykaa, the online retailer of fashion and beauty products, is in early talks with Japan’s SoftBank Group Corp. to raise $150-200 million, according to two people aware of the development. The latest funding round, if it...
Flipkart in talks to raise capital from investors
Walmart Inc.-owned Flipkart has initiated talks with strategic investors to raise fresh capital after discussions with Google Inc. collapsed earlier this year, two people familiar with the matter said. Flipkart’s...
Flipkart acquires Israel-based start-up Upstream Commerce
Flipkart has acquired an Israel-based analytics start-up called Upstream Commerce, as India’s largest online retailer looks to support its massive seller base with services such as real-time pricing and information on...
