ecommerce

The pandemic sent the livestream sales industry into overdrive. The Chinese government’s strict “zero Covid” policies hit the brick-and-mortar retail industry hard. Stuck at home, sales assistants and business owners started to sell online, joined by celebrities, athletes, even government officials. Asset management company CINDA Securities estimates that the livestreaming market was worth 2.84 trillion yuan ($42.3 billion) by the end of 2022.  Livestreaming wasn’t just something that ecommerce companies did—social media…

In what could lead to fresh concerns for ecommerce and food-delivery firms, the Indian government may issue rules stipulating that 'related party' or ‘associated enterprises' of internet marketplaces should not sell products or services to a registered merchant on their platforms, multiple people briefed on the matter told ET.The Consumer Affairs Ministry is leading the latest round of deliberations which were held earlier this month, sources added. There has also been an inter-ministerial discussion with the Department…

Too Long; Didn't ReadHere are the winning stories: How AI and Machine Learning are Reshaping SaaS FinTech by @eliaspeak; GIT: Explained in 5 Levels of Difficulty by @mcsee; The Lazy Programmer's Guide to Maintaining a Personal Website by @judicodes; Cross-selling in eCommerce Matters: A Technical Guide for Upselling Online by @sasha754; Amazon's Entry Into the NFT Market: Implications and Challenges by @lavaniya; The Future of Retail: The Convergence of Physical and Online Stores by @michealchukwube. Too Long; Didn't…

Even so, Amazon.com Inc and other online retailers who use so-called free delivery to cultivate customer loyalty are scrambling to keep it from draining profits as costs climb and e-commerce contracts.They are adding fees for faster service, raising minimum purchase requirements and making other changes that shift more costs to consumers who are struggling with financial issues of their own."The days of free delivery are numbered," Ken Morris, managing partner at Cambridge Retail Advisors, said of the fast-changing retail…

Image Source : PIXABAY YouTube YouTube, a Google-owned video platform has announced that they are shutting down Simsim- its live social commerce app. The decision has been made within two years of its acquisition by the tech giant. Simsim is an Indian startup which was acquired by the streaming giant in mid-2021, TechCrunch reports. The social commerce app was…

Bloomberg | Bloomberg | Getty ImagesWalmart is laying off hundreds of employees at e-commerce facilities across the country, as the big-box giant and other retailers brace for a tougher year ahead.Walmart, the nation's largest private employer, is shrinking its workforce as many retailers plan on roughly flat or declining sales. Inflation and the shift back to services is taking a bite out of sales of goods, particularly after a pandemic-fueled spending boom.Walmart's e-commerce rival, Amazon, announced 9,000 job cuts on…

The consumer affairs ministry is working on tightening ecommerce rules to make online retail platforms liable for fraud committed by sellers and attaching “fallback liability” to their role as intermediaries, said a senior official.Rules will be formulated after the platforms respond to queries related to the issue, sent to them by the ministry of electronics and information technology (MeitY), said the consumer ministry official.MeitY’s note was prompted by questions from the Department of Consumer Affairs, which is part…

The Ministry of Consumer Affairs is working on new rules to make ecommerce platforms like Amazon and Flipkart liable for fraud committed by their sellers. This and more in today’s ETtech Morning Dispatch.Also in this letter:■ Adobe looking to integrate AI into all products■ More countries could implement Aadhaar-like system■ IPL was India's first unicorn with a $1.1 billion valuation: D&P Government working on tightening ecommerce rules for frauds by sellers The consumer affairs ministry is working on tightening…

Ecommerce firm Coutloot said it is entering into the offline retail segment by converting existing small shops and trading units into its own branded stores, part of a wider strategy to formalise the unorganised non-MRP non-grocery retailing in India.The company plans to launch 35 stores starting April this year, especially in areas which attract peak footfalls.The converted stores will have better assortment, optimised shelf and better quality merchandise."Customers seek lower price but standardised products even in the…

India Post, the government operated postal service, signed a memorandum of understanding (MoU) with logistics aggregator firms Shiprocket and Pickrr to help MSMEs and enhance last-mile e-commerce delivery services across the country. The partnership will provide last-mile connectivity to the e-commerce market player and will facilitate the penetration of e-commerce services beyond large cities and towns, Saahil Goel, cofounder & CEO of Shiprocket, said. The collaboration will also enable automated shipping and faster…