Reliance Industries Ltd has launched an online grocery service, JioMart, the head of its grocery retail business said, in a move aimed at rivalling Amazon's local unit and Walmart's Flipkart in the huge Indian market.
Richemont mixed good news with bad on Friday as it delivered its full-year results, with the giant luxury group reporting resurgent demand in China on the reopening of its stores, but also a profits plunge.
Chinese e-commerce giant Alibaba has launched a new luxury platform targeting younger consumers that also aims to help high-end brands shed excess inventory built up during the global coronavirus lockdown.
Amazon is increasing its global retail dominance, two new reports showed. And they also told us that brands mustn't top marketing or they risk being forgotten, while apparel brands will lose value this year.
India plans to fast track the review of some investment proposals from neigbouring countries such as China following concerns new screening rules could hit plans of investors, sources told Reuters on Saturday.
Facebook's $5.7 billion investment in Reliance promises to be the biggest headache yet for Paytm, a pioneer in India's digital payments market but which has been losing ground to rivals with deeper pockets.
Amazon.com Inc’s Indian arm will soon add small local shops as sellers on its platform as a way to provide them broader online exposure and offer consumers a greater selection of merchandise, the company said.