Chinese e-commerce company Club Factory has now become a platform that also sells groceries to Indians. This comes as the Covid-19 pandemic has revived anti-China sentiment, leading to calls for boycotting its products and apps. Club Factory has been accused of shipping cheap products to India directly from China after labelling them as gifts to […]
All ecomm gets nod in Orange, Green zones
The government allowed ecommerce companies such as Amazon and Flipkart to deliver both essential and non-essential items in districts categorised as green and orange zones in Lockdown 3.0 that begins May 4 and runs for two weeks. However, they still can’t sell non-essential items in red zones, where their biggest markets are located. Taxis and […]
ETtech Top 5: Amazon’s India biz most impacted, contactless payments & more
E-commerce firms in India are going through difficult times. Analysts had initially expected online retailers to benefit from the lockdown just as they did in the US and China, but a ban on sale of non-essential items has hurt them the most. Both Walmart-owned Flipkart and Amazon are burning more money on every delivery than […]
Amazon says India business most affected due to Covid-19
Amazon cited restrictions on ecommerce deliveries imposed by India in the ongoing lockdown to stem the spread of Covid-19, as the reason for its business in the world’s fifth largest economy being the most impacted by the pandemic, even as the American giant recorded a sharp spike in its overall revenue for the first quarter […]
Amazon sees possible Q2 loss as it forecasts $4 billion in Covid-19-related costs
Amazon on Thursday said it could post its first quarterly loss in five years even as revenue surges because it is spending at least $4 billion in response to the coronavirus pandemic, including plans to test its workforce for COVID-19. Shares of Amazon, the world’s largest online retailer, fell 5% in after-hours trade. Jeff Bezos, […]
Digital ad market is avoiding coronavirus disaster, say tech giants
Reports of the demise of the digital advertising market due to the coronavirus outbreak appear exaggerated as the tech giants dominating the online ads business, Google and Facebook, said this week they saw early signs that the worst could be over. Their remarks countered Wall Street expectations of a devastation of the market as hard-hit […]
The Security Case for Digital Estate Planning
Although a lot has been written on the importance of digital estate planning (including the comprehensive article, “Estate Planning for Digital Assets,” by I. Richard Ploss in the April 2018 Journal of Financial Planning), stories continue to hit the news about the family who can’t access their deceased loved one’s pictures on their cell phone, […]
Amazon, Snapdeal on US counterfeit list as India dithers on e-commerce law
Illustration: Rahul Awasthi Earlier in the week, two e-commerce marketplaces operating in India – Snapdeal and Amazon India – were marked out for listing counterfeit and pirated products by the United States government, even as India continues to delay passing laws that will address the issue of fake goods sold online. In fact, India has […]
SoftBank-backed Oyo to offload more loss-making hotels amid pandemic: Sources
India’s Oyo Hotels and Homes, backed by SoftBank Group, plans to offload more properties around the world, three sources familiar with the matter said, as the coronavirus pandemic prompts it to speed up a retreat from a rapid global expansion. The hospitality sector has been one of the worst affected by the coronavirus outbreak, with […]
ETtech Top 5: 40% restaurants may shutter, startup bailout & more
Dear reader, Four out of every 10 restaurants in India are on the verge of shutting down permanently. That’s particularly worrisome for an industry which provides around seven million jobs. But as the coronavirus pandemic changes the way people dine out, some restaurateurs are trying to reinvent the food they serve. Take the example of […]