China’s HNA Group Co Ltd is in talks to buy a controlling stake in E-commerce China Dangdang Inc in a deal that could value the online marketplace at over $1 billion, two people with direct knowledge of the matter told...
Ecommerce
Amazon eyeing offline tie-ups to take on Flipkart in online fashion retail
After trailing arch-rival Flipkart Ltd in the crucial online fashion retail business, Amazon India is aggressively pursuing partnerships with large offline fashion brands and is even looking to invest in some of these...
Flush with funds, Flipkart eyeing more acquisitions
Armed with over $4 billion in cash, India’s most valuable internet firm Flipkart Ltd is planning more start-up investments and buyouts as it seeks to widen its slender lead over Amazon India and diversify its business...
Flipkart in talks to buy stake in BookMyShow
Flipkart Ltd is in talks to buy a large minority stake in ticketing platform BookMyShow, as India’s most valuable internet firm seeks to improve customer stickiness and gain a higher share of spending by urban Indians...
Flipkart to invest $500 million in PhonePe
SoftBank-backed Flipkart on Thursday said it will invest $500 million in its payments arm PhonePe to scale up operations. The commitment is in addition to the $75 million infused by Flipkart in PhonePe since the...
Patni’s JV with Amazon could be a game changer
When Patni Computer Systems was founded by Narendra Patni and his two brothers — Gajendra and Ashok — back in the 70’s, Jeff Bezos was barely in school and the likes of Nandan Nilekani and Narayana Murthy were on their...
Homeshop18, Shop CJ agree to merge
E-commerce company Homeshop18 on Thursday entered into an agreement with home shopping network Shop CJ Network Pvt. Ltd to combine the businesses of both entities. Homeshop18 is a subsidiary of Network18 Media &...
Flipkart hopes F1 Info Solutions acquisition will give it an edge over Amazon
Online retailer Flipkart Ltd is betting that its acquisition of F1 Info Solutions, which offers repair services for mobile and electronics, will provide the company with a defensible asset in the key category of...
JD.com, Thai retailer Central Group form $500 million e-commerce JV
JD.com Inc and top Thai retailer Central Group will form a $500 million joint venture in e-commerce and financial technology, the companies said, as China’s second biggest e-commerce company seeks to boost its presence...
If merger or IPO can get us faster to our destination, I’m open: ShopClues’ CEO
SANJAY SETHI, co-founder and chief executive at ShopClues, the Gurugram-based online marketplace, says he knows where he wants to take his company. In his words, he is ready to either drive it there himself or hitch a...
Amazon clears FTC hurdle, merger with Whole Foods expected soon
Amazon.com Inc on Wednesday cleared two of the biggest hurdles it needed to close its $13.7 billion acquisition of Whole Foods Market Inc, with approvals from a U.S. regulator and the grocery chain’s shareholders...
SoftBank backs Flipkart with $2.5 billion to take on Amazon
Leading e-commerce company Flipkart has raised around $2.5 billion from SoftBank Vision Fund, the $100-billion tech focused venture fund floated by Masayoshi Son. This makes the SoftBank Group a top investor not just in...
