E-commerce company Homeshop18 and home shopping network Shop CJ Network Pvt. Ltd have combined their businesses, thereby completing the transaction proposed in September 2017, the company said in a statement late on...
Walmart in talks to buy 40% in Flipkart; due diligence to start next week
Walmart Inc is in talks to purchase a stake of more than 40 percent in Indian e-commerce firm Flipkart, a direct challenge to Amazon.com in Asia’s third-largest economy, two sources familiar with the matter said on...
Amazon paid $90 million for camera maker’s chip technology – sources
Amazon.com Inc paid about $90 million to acquire the maker of Blink home security cameras late last year, in a secret bet on the startup’s energy-efficient chips, people familiar with the matter told Reuters. The deal’s...
After SoftBank, eBay also writes off Snapdeal investment; takes $61-mn hit
US online retail giant eBay has written off its investment in ailing Indian e-commerce marketplace Snapdeal amounting to a loss of $61 million, which it recorded on its books for the year 2017. eBay has followed in the...
Walmart in advanced talks to buy minority stake in Flipkart: Report
US retailer Wal-Mart Stores Inc is in advanced talks to buy a minority stake in Indian e-commerce firm Flipkart, Indian financial daily the Economic Times reported on Tuesday. Walmart could buy a 15 percent to 20...
Japan’s Rakuten says may buy Asahi Fire & Marine Insurance
Japanese e-commerce company Rakuten Inc said on Monday it was considering acquiring Asahi Fire & Marine Insurance Co Ltd, in what would be a further expansion into financial services. Rakuten is set to buy the...
Online shoe retailer Spartoo set to buy Vivarte’s Andre: source
French online shoe and fashion retailer Spartoo plans to buy rival shoe brand Andre from debt-laden clothing retailer Vivarte, a source close to the matter said on Monday. “The sale will be announced on Tuesday,” the...
Myntra looks to expand presence in Silicon Valley
Flipkart-owned fashion retailer Myntra plans to expand its presence in Silicon Valley, as part of a broader push to invest more on technology this year, with the retailer looking to hire an executive to head a small...
China’s Tencent, JD.com invest $863 million in online retailer Vipshop
Chinese internet giant Tencent Holdings Ltd (0700.HK) said on Monday it would lead an $863 million investment in apparel platform Vipshop Holdings Ltd (VIPS.N), upping its rivalry in retail with Alibaba Group Holding...
Flipkart completes buyback of ESOPs worth $100 mn
India’s largest e-commerce marketplace Flipkart on Wednesday said it has completed the $100-million buyback of employee stock options (ESOPs), making it the largest share buyback programme by an unlisted company in the...
Alibaba set to invest $300 million in BigBasket
Alibaba is poised to buy over a third of online grocer BigBasket, according to three people directly aware of the impending deal, for about $300 million. The transaction will add to a portfolio of strategic investments...
Flipkart investors, employees trimming stakes as part of SoftBank deal – sources
Some early Flipkart investors, employees and ex-employees are selling their shares in the Indian e-commerce firm as part of a $2.5 billion investment deal agreed with Japan’s SoftBank Group, two people familiar with the...
