India To Introduce Widespread eCommerce Law Reform – Banning Prime Friday?
Today, India’s Ministry for Consumer Affairs unveiled a new eCommerce proposal that would seriously impact how both Amazon and the Walmart owned Flipkart promoted their…
eBay Reinvests in India Through Paytm Mall Integration
eBay announced an agreement that will make eBay inventory accessible to tens of millions of Paytm Mall active customers in India. Additionally, eBay is making…
Walmart Q4 Earnings Call Touts eCommerce Successes But Ignores Third-Party Marketplace
This week Walmart announced its fourth quarter earnings for 2018 which includes significant improvements in its online revenues. For the quarter, online sales increased by…
Wall Street Firm Morgan Stanley Warns Walmart May Exit India’s Flipkart
Walmart may Exit Flipkart and India, according to a new report by Wall Street firm Morgan Stanley. On February 1, 2019, a new law (FDI…
Walmart Labs Acquires Int.ai Artificial Intelligence Analytics Startup
Walmart Labs, the giant retailer’s “skunk works” division which develops, tests, and researches tech innovations for its retail and online operations also operates an India-based…
Flipkart Rolls out ‘2Gud’ a New Platform Similar to eBay
India’s biggest online retailer Flipkart launched a mobile platform for refurbished goods not long after the closure of eBay India. The Walmart-owned company’s new platform…
Walmart and Flipkart Announce Completion of Walmart Investment in Flipkart
Walmart Inc. and Flipkart Group announced the closing of the agreements for Walmart to become the largest shareholder in the Flipkart Group. “Walmart and Flipkart…
eBay India Shuts Shop As Flipkart Looks To Re-brand
From the 14th August 2018, eBay.in has officially closed it’s doors and is no longer accepting new transactions on the marketplace. After entering a merger…
Softbank Agrees to Sell Entire Stake in Flipkart to Walmart
Just after Walmart had officially confirmed they agreed to purchase a 77 percent stake in India’s Flipkart for $16 billion, Softbank, a significant investor in…
Is SoftBank Getting Cold Feet About Selling Its Stake in Flipkart to Walmart?
On Thursday Walmart confirmed they signed a definitive agreement to become the largest shareholder in India’s Flipkart. The company stated they would take a 77…