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New India e-commerce rules turn industry upside down
New Feb 1 Foreign Direct Investment (FDI) regulations on e-commerce have the online selling business in turmoil in the India e-commerce industry. The new government regulations prohibit foreign-owned companies from restricting local retailers from their marketplace platforms or only selling products from preferred suppliers. Local Indian businesses have complained about barriers to access on the…
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Walmart seeks piece of Flipkart and India market share
Walmart is talking to India’s biggest e-commerce operator Flipkart about acquiring a 40% stake and a direct challenge to Amazon in Asia’s third-largest consumer market. Walmart has been unable to enter the Indian market effectively, operating only 21 cash and carry wholesale stores now because of tough laws protecting India’s retailers. Amazon picked up a…
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Cashback News – Oct 3: What’s up with Walmart? A global retail and e-commerce update
It’s time to take a fresh look at Walmart’s US retail strategy and what may be driving its international e-commerce moves as well. CNN Money profiled the Indian marketplace and Walmart’s Flipkart potential. With the acquisition of Jet.com complete, Walmart is now poised to go head-to-head with Amazon and analysts seem to be warming up…
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Cashback News – Feb 29: Global e-commerce news, highlights and trends
It’s only fitting that on February 29, in a leap year, we take a look at companies around the world taking a big leap into e-commerce and what their results look like. Highlights include the US, UK, Indonesia, India and South Korea. We start with Nordstrom CFO Michael Koppel who said that merged retail channels have a higher…
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Cashback News – Feb 2: India e-commerce news roundup
Today we’re catching up on recent news, developments and highlights in the Indian cashback and e-commerce industry. We’ve got financial results for leading companies like Amazon, Snapdeal, Jabong and Paytm. We look at several impressive newcomers and wrap up with a pessimistic look at the collective losses mounting in the leading e-commerce companies in India. First, a snapshot…