ecommerce

Faseeh Mangi / Bloomberg: Pakistan-based Dastgyr, which is building an e-commerce service, raised a $37M Series A, the country's largest-ever, led by telecom Veon's venture arm — Pakistan's Dastgyr Technologies Pvt., which aims to create an e-commerce platform similar to Alibaba Group Holding Ltd. for emerging markets … Faseeh Mangi / Bloomberg: Pakistan-based Dastgyr, which is building an e-commerce service, raised a $37M Series A, the country's largest-ever, led by telecom Veon's venture…

Zeyi Yang / MIT Technology Review: All three of China's top livestreaming influencers on Taobao have gone dark in recent months amid increasing government scrutiny on e-commerce livestreaming — Three top livestreaming personalities on the platform Taobao commanded legions of fans who bought billions of dollars' worth of goods—until they suddenly went dark. Zeyi Yang / MIT Technology Review: All three of China's top livestreaming influencers on Taobao have gone dark in recent months amid…

Reduced consumer spending, rising interest rates and trickier credit conditions spell trouble for Buy Now Pay Later lenders, raising the prospect of consolidation in the sector.Buy Now Pay Later (BNPL) firms have created one of the fastest-growing segments in consumer finance, with transaction volumes hitting $120 billion in 2021 up from just $33 billion in 2019, according to GlobalData.The BNPL business model emerged out of a very low interest rate environment which enabled BNPL firms to raise funds at relatively low…

NEW DELHI: NFTically, Gurugram-based non-fungible token marketplace developer, has announced the launch of an e-commerce metaverse platform, Comearth, the first-of-its-kind initiative in the e-commerce ecosystem. The virtual space, mimicking the spherical structure of the Earth, will allow brands to purchase virtual land parcels to build virtual structures or stores. The metaverse platform is being envisaged as a new kind of e-commerce marketplace, which will allow…

Several categories of e-commerce are seeing price decreases and support the expectation that digital shopping among consumers will hold strong, Adobe chief executive Shantanu Narayen told CNBC's Jim Cramer on Thursday."When you look at the total expense, in addition to the macroeconomic, where there may be a little bit more concern, what's happening is actually you're seeing some price decreases in elements like electronics or things that are happening with games," Narayen said in an interview on "Mad Money."Grocery…

Amazon, which has been under increasing pressure to tackle counterfeit products, said in its second-annual report that it prevented 4 billion bad listings from making it onto its site and got rid of more than 3 million phony products last year.The results, released Wednesday, were mixed compared with 2020, when Amazon blocked 10 billion listings and got rid of 2 million phony products. The Seattle-based e-commerce juggernaut also saw a decrease in complaints of intellectual property infringement in 2021 while growing the…

BENTONVILLE, Arkansas — Walmart's cavernous stores are known for aisles of low-priced groceries, paper towels and apparel.Now, those big boxes are hubs for its e-commerce business, serving as launch pads for delivery drones, automated warehouses for online grocery orders and departure locations for direct-to-fridge drop-offs. Eventually, they will help pack and ship goods for individuals and independent companies that sell on Walmart's website through its third-party marketplace."The store is becoming a shoppable…

ONDC, the government's effort to break Amazon and Walmart's dominance of its e-commerce sector, by establishing its own open network, has begun lining up banks and other key players needed to move it forward, sources familiar with the matter said.Some of the country's biggest banks are in discussions about setting up "buyer platforms" to let their customers place orders for goods and services over the Open Network for Digital Commerce (ONDC), which the government soft-launched in April, the sources told Reuters.The…

The government in April launched its Open Network For Digital Commerce (ONDC) as a prospective alternative to dominant global giants Amazon.com and Walmart in its fast-growing e-commerce market.Here is a description of the different moving parts of ONDC.What is ONDC?ONDC is a non-profit company whose network will enable the display of products and services from all participating e-commerce platforms in search results across all apps on the network.For example, if both Amazon and Walmart's Flipkart integrate their…

Big tech has launched a media blitz aimed at derailing one of the most ground-breaking bipartisan bills in the US that would bar tech companies, like Amazon, from giving preference to their own businesses on their websites.Amazon lambasted the bill on Wednesday saying in a blog post that the bill "jeopardizes two of the things American consumers love most about Amazon: the vast selection and low prices made possible by opening our store to third-party selling partners, and the promise of fast, free shipping through Amazon…