Indonesia’s largest e-commerce platform Tokopedia said on Wednesday it was not committed to a merger with a special purpose acquisition company (SPAC) and was evaluating its market options. “We are considering to...
SC stays NCLAT order for competition watchdog’s probe against Flipkart
The Supreme Court on Wednesday stayed the National Company Law Appellate Tribunal’s (NCLAT) March 4 order asking the Competition Commission of India (CCI) to initiate a probe against e-commerce major Flipkart for...
Amazon in talks to buy podcast firm Wondery: WSJ
Amazon.com Inc is in talks to buy podcast startup Wondery with a valuation of over $300 million, the Wall Street Journal reported on Wednesday citing people familiar with the matter. Deal talks are ongoing and...
Flipkart Group acquires AR startup Scapic with eye on immersive shopping
Flipkart Group on Tuesday said it has acquired augmented reality (AR) startup Scapic for making shopping experience more immersive on its platform. The Walmart-owned e-tailer did not disclose the financial details of...
Apex court dismisses CCI plea against Flipkart, Amazon
The Supreme Court on Monday refused to hear a petition filed by the Competition Commission of India (CCI) seeking directions to vacate a stay order issued by the Karnataka high court on its investigation against...
CCI appeals in SC against HC’s stay on probe against Amazon, Flipkart
The Competition Commission of India (CCI) has appealed in the Supreme Court against the Karnataka High Court’s interim stay on an investigation that the watchdog had ordered against e-commerce...
Flipkart ties up with Max Fashion
Flipkart has partnered with Max Fashion, the largest clothing retailer in India, to expand its fashion portfolio ahead of festive season sale. Owned by Landmark Group, The Max Fashion store on Flipkart will have more...
JD.com to spin off health unit, list in Hong Kong
Chinese e-commerce retailer JD.com is planning to spin off its health unit and list it on the Hong Kong stock exchange, the New York-listed company said on Monday, a move that follows escalating Sino-U.S. political...
Walmart sells 2 more e-commerce brands in digital reshuffle
Walmart Inc. is divesting two more of its online brands, continuing its strategy of jettisoning some of the digital assets it has acquired in recent years to focus on its main website. The world’s biggest retailer is...
Australia’s Zip teams up with eBay for flexible credit to businesses; shares soar
Australia’s Zip Co Ltd on Wednesday said it had partnered with eBay Inc to offer flexible credit to small- and medium-sized businesses on the e-commerce platform, sending its shares to a record high in early trade. The...
Amazon in talks to invest in cloud services company Rackspace: source
Amazon.com Inc is in preliminary talks to invest in U.S. cloud services provider Rackspace Technology Inc, people familiar with the discussion said on Monday. The deal would involve Amazon acquiring a minority stake in...
UK clears Amazon’s investment in online food platform Deliveroo
Britain’s competition regulator on Tuesday cleared Amazon’s purchase of a 16% stake in online delivery group Deliveroo, following a provisional nod in June. The Competition and Markets Authority (CMA) gave its original...
