ecommerce

India's effort to break Amazon Inc and Walmart Inc'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 India'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 Indian government soft-launched in April. The success of the network, which would…

India will strongly oppose continuation of moratorium on customs duties on e-commerce trade at the WTO's meeting in Geneva next month as it is adversely impacting the developing countries, an official said.The official said allowing the moratorium to lapse is important for developing nations to preserve policy space for their digital advancement, to regulate imports and generate revenue through customs duties.The World Trade Organisation (WTO) members have agreed not to impose customs duties on electronic transmissions…

Alphabet Google is in talks with the Indian government to integrate its shopping services with the country's open e-commerce network ONDC, two sources familiar with the matter told Reuters.India soft-launched its Open Network for Digital Commerce (ONDC) late last month as the government tries to end the dominance of US companies Amazon.com and Walmart in the fast-growing e-commerce market.The government estimates the Indian e-commerce market was worth more than $55 billion (roughly Rs. 4,27,031 crore) in gross merchandise…

The consumer affairs ministry along with Advertising Standards Council of India (ASCI) will hold a virtual meeting on Friday with stakeholders including e-commerce entities to discuss the magnitude of fake reviews on their platforms, which mislead consumers into buying online products and services. The purpose of the meeting is to prepare a road map ahead. The discussions will be broadly based on the impact of fake and misleading reviews on consumers and possible measures to prevent such anomaly, the ministry said in a…

Photo by JJ Ying on UnsplashIntroductionOne of the most common challenges in an e-commerce business to build a well-performing product recommender and categorisation model. A product recommender is used to recommend similar products to users so that total time and money spent on platform per user will be increased. There is also a need to have a model to categorise products correctly since there might be some wrongly categorised products in those platforms especially where most of content is generated by users as in case…

Internet commerce company Meesho on Tuesday said it has crossed six lakh seller registrations on the platform. A rising number of small businesses have joined Meesho in the past year amid initiatives taken by the company including zero commission and zero penalty."Meesho...announced that it has crossed 6 lakh seller registrations on the platform, recording a 7X increase since April 2021," the company said in a statement.According to the company, over half of these sellers operate only on Meesho.Nearly 70 per cent of all…

Written by Aimee Chanthadavong, Senior Journalist…

In Suzhou, China, online toy shop owner Cameron Walker relies on Amazon to ship nearly a million packages for his business every year. The 42-year-old’s toy business, which designs and manufactures toys and craft materials in China and then sells into English-speaking markets including the UK, US, and Canada, has been running on Amazon’s third-party fulfillment service, Fulfilled by Amazon (FBA), since 2016. (Walker asked WIRED not to disclose the name of his business because successful businesses on the site are often…

Written by Angelica Mari, Contributing Editor…

Shopify Inc. has agreed to buy U.S. fulfillment specialist Deliverr Inc. for $2.1 billion in a cash-and-stock deal, as the e-commerce platform moves to build out its order-fulfillment operations for online retailers looking to compete with Amazon. com Inc.The Canadian company said Thursday that it plans to merge Deliverr with its existing fulfillment network—anchored by the 6 River Systems business it acquired in 2019 for $450 million—to form a broader logistics…