The CEO of the Indian e-commerce giant that Walmart bought a $16 billion stake in has resigned amid an allegation of personal misconduct (WMT)

AP Flipkart Group CEO Binny Bansal has resigned following an allegation of “serious personal misconduct,” according to a press release. The release did not elaborate on the allegation but said Bansal “strongly denies” it. An independent study did not corroborate the allegation but found Bansal made lapses in judgment, according to the release. In May, […]

The future of delivery and fulfillment in e-commerce

Digital has transformed retail possibilities. And with e-commerce sales growing at nearly five times the rate of brick-and-mortar sales, retailers need to find cheaper and more efficient ways to deliver e-commerce orders. But different age groups have different preferences for which delivery and fulfilment options are most important to them.See the rest of the story […]

Amazon launches local ecommerce site for Turkey

Amazon has launched its ecommerce business in Turkey, the company’s seventh market in Europe and sixteenth globally. Reports first emerged a few months back that Amazon was preparing a new localized business for the Turkish market, and today the company officially opened a new domain at Amazon.com.tr. While Amazon has been available globally…Read More

Jack Ma will step down as Chairman of Chinese e-commerce giant Alibaba in September 2019

Sean Gallup/Getty Images Jack Ma, the founder of online Chinese retailing giant Alibaba, will step down as Chairman on September 10, 2019. Ma will be succeeded by Daniel Zhang, Alibaba’s current CEO. Ma wrote a letter to customers and shareholders explaining his decision. Chinese online retailing giant Alibaba has announced that founder Jack Ma will […]

Gambio’s GAMB is a decentralized online ecommerce marketplace

Blockchain technology and the associated cryptocurrencies have been disrupting almost every industry this year. But ecommerce is one sector that is not well-served at present, despite the prevalence of blockchain marketing solutions. Ecommerce platform provider Gambio hopes to change that with the launch of GAMB (Global Alliance of Merchants on the…Read More

Ecommerce Search Upstart Twiggle Named a 2018 Gartner Cool Vendor in Digital Commerce

PRESS RELEASE: Next generation search technology generating more than 8% uplift in conversion for leading retailers, focuses on harnessing customer intent to improve ecommerce search TEL AVIV, Israel–(BUSINESS WIRE)–June 14, 2018– Twiggle, a company pioneering the use of artificial intelligence in ecommerce search, announced that…Read More

Chinese ecommerce giant Meituan-Dianping to acquire bike-sharing startup Mobike

Fledgling bike-share startup Mobike is to be acquired by Chinese ecommerce giant Meituan-Dianping. Terms of the deal were not officially disclosed, but local media reports have pegged the value of the transaction at $ 2.7 billion. Launched in Shanghai back in 2016, Mobike rolled out to dozens of cities across China before going international last ye…Read […]

Walmart is reportedly in talks to buy over 40% of one of India’s largest e-commerce platforms (WMT, AMZN)

Reuters/Ray Stubblebine Walmart Inc is in talks to purchase a stake of more than 40 percent in Indian e-commerce firm Flipkart, a direct challenge to Amazon.com Inc in Asia’s third-largest economy, two sources familiar with the matter said on Friday. In what would be one of its biggest overseas deals, the U.S. retailer is looking […]