Groupon India being rebranded as 'nearbuy'

Last Updated: Monday, August 10, 2015, 19:25

Sequoia Capital, a venture capital firm specialised in start-up investments, is helping Groupon India split from its Chicago-headquartered parent firm Groupon.

Flipkart launches financial assistance programme for sellers

Last Updated: Thursday, July 16, 2015, 20:35

Under the 'Growth Capital Initiative', Flipkart has partnered Bajaj Finserv, Axis bank, NeoGrowth, Lendingkart and Capital First to enable entrepreneurs fulfill their business aspirations.

EBay sells enterprise unit to Permira consortium

Last Updated: Thursday, July 16, 2015, 18:59

Shares of eBay, which also announced an additional $1 billion share buyback program, were up 3 percent at $65.37 in premarket trading.

Alibaba boosts Singapore Post stake, invest in e-commerce unit

Last Updated: Wednesday, July 8, 2015, 08:09

SingPost is seeking to boost its e-commerce business to offset weak postal revenues, and last year an Alibaba unit bought an over 10 percent stake in SingPost for $249 million.

Still an underdog, but China govt deals help Alibaba's cloud ambitions

Last Updated: Friday, June 19, 2015, 08:27

Alibaba this week scored a minor deal with China`s northeastern port city of Dalian to build a cloud computing centre and provide online government services such as bill payment.

New York AG questions eBay, PayPal on revised user agreements

Last Updated: Thursday, June 11, 2015, 21:59

New York law enforcement officials have written to eBay Inc and PayPal Inc this week, saying the companies` revised user policies "raise issues" under consumer protection laws.

Infosys to acquire digital commerce firm; invests in start up

Last Updated: Friday, April 24, 2015, 19:45

IT giant Infosys on Friday announced acquisition of digital commerce company Kallidus for USD 120 million (about Rs 763 crore) -- its third takeover since Vishal Sikka took over as CEO in August last year.

Amazon, HarperCollins reach multi-year publishing deal

Last Updated: Tuesday, April 14, 2015, 08:56

E-commerce company Amazon.com Inc and publisher HarperCollins have reached a new multi-year publishing deal that covers both print and digital titles, The Wall Street Journal reported, citing HarperCollins.

Snapdeal says not in immediate need to raise money

Last Updated: Tuesday, March 31, 2015, 14:12

Snapdeal raised $627 million from Japan`s SoftBank in October last year.

Snapdeal to invest up to $200 mn to improve deliveries

Last Updated: Tuesday, March 17, 2015, 14:57

Ecommerce company Snapdeal.com will invest $150 million-$200 million to strengthen its delivery network in the next financial year, an executive said.

China backs e-commerce expansion in win for Alibaba, JD.com

Last Updated: Thursday, March 5, 2015, 11:16

China will back e-commerce development and guide international expansion by Chinese internet companies, Premier Li Keqiang said on Thursday, in an endorsement for firms such as Alibaba Group Holding Ltd and JD.com Inc.

EBay to cut jobs, sell enterprise unit ahead of PayPal split

Last Updated: Thursday, January 22, 2015, 10:23

EBay Inc plans to cut its workforce by 7 percent, or 2,400 jobs, in the current quarter and is exploring a sale or public offering of its enterprise unit as the e-commerce company prepares to split from its payments division, PayPal, this year.