The government is gearing up to launch its e-commerce platform Bharat Craft which it expects to kick-start growth for small businesses, according to the Union Minister for Micro, Small, and Medium Enterprises.
Alibaba Group chairman Jack Ma will step down from the Chinese firm on Tuesday, leaving his handpicked successor a daunting task of steering the $460bn firm when the market for its core e-tail business has slowed.
Alibaba Group Holding Ltd will buy e-commerce business Kaola from Chinese gaming company NetEase Inc for $2 billion, adding a platform that specializes in supplying luxury goods from abroad to Chinese consumers.
Chinese e-commerce platform Alibaba recently conducted workshops in Delhi, Surat, Ahmedabad, and Jaipur for over 400 small businesses in sectors such as fashion and jewellery to encourage them to go online.
Paytm’s multi-brand e-commerce platform Paytm Mall has decided to shut down its warehouses and adopt a local logistics model to reduce costs and strengthen compliance to foreign direct investment norms.