Last week Amazon.com Inc. bought the Santa Monica, California-based smart home equipment maker Ring for an estimated $1 billion in cash. Though filled with less import than the company’s $13.4 billion acquisition of...
Ecommerce
Flipkart’s parent entity invests Rs 48.4 bn into two India units
The Singapore-based holding company of India’s largest e-commerce marketplace Flipkart has infused Rs 48.4 billion into two of its largest India entities as it plans to step up its investments in the country to stay...
Amazon buys startup Ring in $1 billion deal to run your home security
Amazon.com Inc (AMZN.O) has agreed to buy video doorbell maker Ring, the companies said on Tuesday, in what analysts see as a growing bet on delivering packages inside of shoppers’ homes and on home security. The deal...
Alibaba is said to buy rest of Ele.me from Baidu, other backers
Alibaba Group Holding Ltd has agreed to buy the shares of food delivery startup Ele.me it doesn’t already own to boost its last mile delivery network, a person familiar with the matter said. The e-commerce giant, which...
HomeShop18, Shop CJ Network merge businesses
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...
