Consumer Economy

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Amazon and Flipkart claim record first day sale during the festive period in India

This is the fifth edition of Flipkart and Amazon’s annual flagship sale.

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Services like food and grocery delivery, online pharmacy may get included in e-commerce guidelines.
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India to bring more digital services under e-commerce ambit
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The platform has 20 million daily active users now.
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Alibaba’s Idle Fish lures second-hand luxury product sellers with an assured sale
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Amazon is now in talks with Max Retail for a minority stake.
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Amazon finds India’s Reliance Retail too expensive for a minority stake
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Brown-Kenyon is expected to help the firm to push its growth and profitability.
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iPrice Group appoints Paul Brown-Kenyon as president and COO
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Tencent will launch a diamond-themed WeChat mini program supported by Everledger’s blockchain technology.
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Tencent eyes diamond e-commerce after leading UK-based blockchain firm Everledger’s USD 20 million Series A
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This means the company can borrow cash at zero cost and its shares are highly favored by investors.
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Pinduoduo’s convertible bonds will yield zero interest, setting precedent
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Fourteen months ago, when the company went public in the US, it raised USD 1.6 billion.
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Pinduoduo plans to raise up to USD 1 billion by selling convertible bonds
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It’s hot sector for investors.
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Industrial e-commerce site founded by former Alibaba employee raises USD 10 million
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