Ecommerce Financial News

09.11 / 12:19

Europe Internet ETFs Article 8 ecommerce HANetf to launch India internet and e-commerce ETF

The firm said the vehicle is Europe’s first ESG-screened ETF targeting India’s growing internet sector.

29.09 / 01:11

UPS Digital Amazon Platform audience ecommerce Festive fever may light up ecommerce sales by 16%

Online sellers, major brands and ecommerce platforms are gearing up for robust sales through the festive season, as the online shopping ecosystem shakes off a relatively muted first half of the year, industry executives said. Sales in terms of gross merchandise value are likely to be between $9.7 billion and $11 billion this festive season, rising roughly 15-16% from a year earlier, according to data from market research company Datum Intelligence and consulting and research firm 1Lattice.

25.09 / 09:15

Digital Platform economy TikTok President country social ecommerce week Indonesia may issue regulations on social media ecommerce this week

Indonesia may issue on Tuesday a regulation on the use of social media to sell goods in the country, President Joko Widodo said, a move intended to quell threats to offline markets in Southeast Asia's biggest economy. Ministers have repeatedly said that ecommerce sellers using predatory pricing on social media platforms are threatening offline markets in Indonesia, with some officials specifically citing the video platform TikTok as an example.

12.09 / 10:59

Provident Digital CEO Platform Racing Walmart ecommerce Flexport unveils ecommerce tools as returned CEO aims to regain profitability

Logistics startup Flexport on Tuesday unveiled services to make it easier for small businesses to import, store and restock goods they sell on ecommerce marketplaces as its returned CEO races to regain profitability amid a broad freight downturn. Companies ranging from Shopify to Walmart have launched their own ecommerce platforms to compete with industry leader Amazon.com. Sellers who use those marketplaces get access to more customers, but often are saddled with more work since each platform has its own set of rules.

07.09 / 12:19

Digital Extreme ecommerce Ecommerce rules shouldn’t stunt sector’s growth: IACC

Indian American Chambers of Commerce (IACC) on Thursday said that any policy or regulation for the e-commerce sector must ensure that its growth is not stunted in any manner.

01.09 / 14:11

UPS Target Digital Aware Action country cover ecommerce Commerce ministry to organise workshops on promoting exports through ecommerce

commerce ministry on Friday said it has decided to organise monthly workshops to raise awareness about ways to promote exports through e-commerce mediums. The Foreign Trade Policy 2023 has mandated to handhold and conduct outreach programmes to promote ecommerce exports. In addition to increasing awareness about ecommerce-related rules and processes, actions for capacity building and skill development for the promotion of exports through online medium is also mandated.

24.08 / 14:53

Provident Art CEO Strategy Pool track ecommerce Ecommerce BPO India: Cynergy BPO – Melding Tech, CX, and Operational Mastery

Cynergy BPO, a company deeply rooted in understanding the trifecta of technology, customer experience (CX), and streamlined operations. India's strength in ecommerce BPO isn't merely a function of its vast talent pool. It's a harmonious blend of advanced technological ecosystems, an ingrained service mindset, and the capability to manage intricate back-end operations, all while ensuring a seamless front-end customer journey.

10.08 / 00:53

Citi Metro show beautiful cover electronic ecommerce Ecommerce growth slows in FY23 as Covid effect evaporates: Report

Unicommerce. Growth in gross merchandise value (GMV) also slowed to 23.5% from 73.6%, the company, which helps merchants and brands sell online and manage their inventory, said in a report. Unicommerce chief executive Kapil Makhija said the slowdown in growth was a sign of stabilisation in the ecommerce industry after a couple of years of tailwind gains from Covid-19.

03.08 / 18:01

COST country beautiful Latin ecommerce WTO Piyush Goyal cautions against 'game of dividing' by developed countries at WTO for favourable agreement on fisheries, ecommerce

World Trade Organization (WTO) early next year, commerce and industry minister Piyush Goyal cautioned emerging markets, developing countries and the least developed countries of the developed countries’ “game of dividing” them to get agreements on fisheries and e-commerce moratorium that address the needs of a few countries only. At the Confederation of Indian Industry’s (CII) India-Latin America & Caribbean (LAC) Region Conclave, he said that at the last WTO ministerial, many countries were trying to divide such countries through “small sops”.

02.08 / 13:55

Digital Amazon Aware CEO Platform country ecommerce Draft ecommerce policy likely out in few weeks

Flipkart group, Amazon India and Tata Digital among others, the government has indicated that the draft ecommerce policy may be introduced in a few weeks, according to people aware of the discussion.ET had reported on August 1 that commerce minister Piyush Goyal would chair the meeting on Wednesday. Secretaries of the department for promotion of industry and internal trade (DPIIT) Rajesh Kumar Singh and the department of consumer affairs Rohit Kumar Singh were also present.

02.08 / 00:49

UPS Digital CEO Platform Mobile electronic exit ecommerce Tatas' first ecommerce platform struggles to click as losses rise after exit from key categories

Tata Cliq.Tata UniStore Ltd, which owns and runs Tata Cliq, posted a 16% increase in net loss at Rs 874.7 crore for fiscal 2022-23, even as its turnover dropped to less than half at Rs 407.7 crore compared with Rs 844.6 crore the year before, as per its latest regulatory disclosures. In the filings to the Registrar of Companies (RoC) made on July 25, Tata UniStore attributed the drop in turnover to the platform’s exit from certain categories of electronics, and said the loss increased as it continued to invest in scaling up the business.

01.08 / 19:47

UPS Digital Platform Mobile beautiful electronic exit ecommerce Tata's first ecommerce platform struggles to click as losses rise after exit from key categories

Tata Group is continuing to burn money on its first ecommerce platform, Tata Cliq.Tata UniStore, which owns and runs Tata Cliq, posted a 16% increase in net loss at ₹874.7 crore for fiscal 2022-23, even as its turnover dropped to less than half at ₹407.7 crore compared with ₹844.6 crore the year before, as per its latest regulatory disclosures. In its filings with the Registrar of Companies made on July 25, Tata UniStore attributed the drop in turnover to the platform's exit from certain categories of electronics, and said the loss increased as it continued to invest in scaling up business.

01.08 / 01:15

Provident Amazon Aware Platform Coherent ecommerce Commerce minister Piyush Goyal may meet top ecommerce executives on Wednesday

quick commerce platforms for consultations before finalising its much-awaited National Ecommerce Policy, several people aware of the matter told ET. Commerce minister Piyush Goyal is expected to meet top executives of Amazon, Flipkart, Meesho, Shiprocket and Swiggy among others, they added. Goyal is also the minister of consumer affairs, food and public distribution.

26.07 / 11:41

Amazon Platform Strategy beautiful electronic ecommerce India’s middle-income consumers may drive nearly half of ecommerce growth by 2030: report

ecommerce market by 2030, according to a report on Wednesday by strategy consulting firm Redseer. The report describes households earning between Rs 2.5 lakh and Rs 10 lakh annually as ‘mass’ consumers and those earning above Rs 10 lakh as ‘affluent’. The mass section, the report said, would contribute to almost $135 billion (45%) in gross merchandise value (GMV) for ecommerce by 2030.

25.07 / 13:31

Reuters Manufacturing Platform Fighting TikTok country ecommerce TikTok to launch ecommerce platform in US to sell China-made goods: report

TikTok is planning to launch in early August an e-commerce platform to sell China-made goods in the United States, the Wall Street Journal reported on Tuesday, citing people familiar with the plan. The short-video app is seeking to replicate the American success of Chinese shopping platforms Shein and Temu and will be responsible for the storage and shipping of items on behalf of manufacturers and merchants in China, the report said.

19.07 / 09:59

UPS Digital Progressive CEO Platform Mobile ecommerce Ecommerce platform ONDC may have 200,000 daily transactions by December 31: ICICI Securities report

ICICI Securities, citing ONDC CEO Thampy Koshy and Senior VP Rahul Handa. Half of the transactions are projected to come from retail and the other half from mobility. ONDC hopes to achieve that scale from the 75,000 to 80,000 transactions it currently hosts per day, Koshy and Handa told ICICI Securities.

11.07 / 00:55

COST UPS Extreme CEO Xiaomi Premium ecommerce Ecommerce logs 24% Q2 growth as premium products click

Unicommerce showed.This does not include smartphones, where, according to several ecommerce executives and research firms like Counterpoint, the growth is being led by premium devices. Demand continues to be soft for mass-market phones. The 24% quarterly growth follows a slower-than-expected 16% growth in the January to March quarter, as reported by ET in May.

29.11 / 22:45

Blockchain COST Provident Platform ecommerce Integrating Crypto Payment to Ecommerce

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22.09 / 18:39

UPS Provident ecommerce Utopia Crypton Unlocks Anonymous eCommerce Payments at Over 1,800 Stores Globally

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

08.04 / 13:55

cryptocurrency Adoption Payments Survey ecommerce Surging Consumer Interest in Crypto is Accelerating eCommerce Adoption - Survey

The global adoption of cryptoassets for eCommerce is gaining speed -- as 40% of 18-35-year-olds plan to pay for goods and/or services with crypto in 2022, according to a recent report released by global payments provider Checkout.com.

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