ECommerce
By Aditya Kalra and Shivangi Acharya NEW DELHI (Reuters) – India’s commerce minister accused Amazon (NASDAQ:) and other e-commerce companies of predatory pricing practices and said the sector’s rapid rise should not disrupt millions of brick-and-mortar stores operating in the country. Amazon and Walmart (NYSE:)’s Flipkart have reshaped India’s retail…
Bolt’s founder and ex-CEO wants to return to the driver’s seat — and he’s asking for a hefty payday to come back.The terms of the funding round were highly unusual, including a $2 million bonus for returning and $1 million in back pay for the two years he was away…
By Deborah Mary Sophia and Casey Hall (Reuters) -Alibaba Group Holding missed market expectations for first-quarter revenue on Thursday, as the company’s domestic e-commerce sales came under pressure from cautious spending by Chinese consumers in a faltering economy. U.S.-listed shares of the company traded 1.7% lower as the market opened…
By Sophie Yu and Casey Hall BEIJING (Reuters) – Chinese e-commerce vendors are struggling for survival as sales growth slows, price pressure rises and shopping platforms compete with ever-more aggressive policies to attract increasingly cost-conscious customers. A once-thriving e-commerce industry punctuated by shopping bonanzas featuring galas and celebrities is bearing…
By Casey Hall and Sophie Yu SHANGHAI (Reuters) -Sales fell for the first time ever at China’s blowout mid-year e-commerce sales festival as consumers remain cautious about spending as the economy sputters, according to third-party data estimates released on Wednesday. Combined gross merchandise volume (GMV), a widely used proxy for…
By Arriana McLymore NEW YORK (Reuters) – Shein’s vast array of $5 shirts, $20 dresses and $15 shoes could face more trademark scrutiny under a new EU rule that tightens oversight on intellectual property rights. Shein, a China-founded e-commerce giant, is pushing toward a London IPO. The EU’s digital rules…
Bernstein has downgraded Delhivery (NS:) to a Market-Perform rating and removed it from its India SMID Portfolio. The downgrade is driven by several persistent challenges that have hindered the company’s ability to stabilize its business model, according to Bernstein’s analysis.Key Reasons for Downgrade:1. Shrinking E-Commerce Logistics Market: Delhivery’s core business,…
