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Posts Tagged ‘ Alibaba ’

Why Paytm halted mobile PoS rollout just a day after launch

Friday, November 25, 2016 | More »

Vijay Shekhar Sharma
Just a day after the blockbuster launch of its mobile point-of-sale (PoS), mobile wallet firm Paytm has halted the rollout of its App PoS. The launch – which would have taken Paytm’s total merchants count from 15 lakh to 1.5 crore in just a week (as per the company’s claims) – has be...

Vijay Shekhar Sharma, Founder, Paytm

Paytm founder on mobile PoS app, payments bank launch, marketing spend and more

Mobile wallet firm Paytm, which claims to have over 158 million customers in India, has launched what it called India’s first mobile point-of-sale application, App PoS. It will act as a virtual PoS that will enable small merchants to accept all card payments including Rupay, Visa, MasterCard and M...

23 November, 2016 | More »

Sachin Bansal

Not afraid of Amazon or Alibaba, says Sachin Bansal; stresses on ecom cos’ need to raise funds

Flipkart co-founder and executive chairman Sachin Bansal said ecommerce companies will need to continue raising funds to invest in functions such as talent and technology as the sector is still at its infancy. “E-commerce will need a lot more investments because the market is constantly growing, i...

16 November, 2016 | More »

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Snapchat confidentially files for an IPO: report

Photo messaging service Snapchat confidentially filed for an initial public offering with the Securities and Exchange Commission (SEC), sometime before Donald J Trump was declared President-elect of the United States, according to a Reuters report filed a few hours ago, citing unnamed sources. While...

16 November, 2016 | More »

bizogo

B2B packaging material marketplace Bizongo raises $3 mn from IDG, Accel

Smartpaddle Technology Pvt. Ltd, which owns and operates business-to-business (B2B) marketplace for packaging materials Bizongo, has raised $3 million (around Rs 20 crore) in Series A round of funding from IDG Ventures and existing investor Accel Partners. The Mumbai-based startup will use the money...

5 November, 2016 | More »

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Amazon plans Singapore launch in early 2017

American online retail giant Amazon.com Inc. is reportedly trying to establish its presence in Singapore, in what could be a step towards tapping the Southeast Asian market. “Amazon is covertly acquiring assets, including refrigerated trucks, and making new hires as part of an initiative led by he...

3 November, 2016 | More »

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Amazon set to unveil Launchpad in India in next two months

E-commerce giant Amazon is set to unveil its global programme for startups in India named Launchpad within the next two months, Mint reported citing three people familiar with the development. Amazon Launchpad is a programme which showcases innovative products from startups to customers. The Launchp...

27 October, 2016 | More »

Mark Schwartz

Goldman Sachs executive Mark Schwartz to join Paytm’s board

One97 Communications Ltd, which runs mobile wallet and e-commerce platform Paytm, on Monday announced that Mark Schwartz, vice chairman of US-based investment banking major Goldman Sachs Group and chairman in Asia-Pacific, will join its board, according to a statement. Schwartz, who is currently bas...

24 October, 2016 | More »

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Now Chinese ride-hailing major Didi Chuxing wants to go global

Chinese taxi-hailing firm Didi Chuxing has expressed its ambitions to go global. Didi’s president Jean Liu made it clear at an event in the US that, “We are definitely going global.” “We are a big sponsor and a big believer in local players. If there are no existing local players, we will go...

21 October, 2016 | More »

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Chinese search engine giant Baidu sets up $3 bn investment fund

Beijing-based search engine major Baidu Inc. has set up a 20 billion Yuan ($3 billion) fund to invest in the internet sector, the firm said on Wednesday. According to Reuters, the fund ‘Baidu Capital’ will focus on mid- and late-stage firms, with individual funding amounts ranging from $50 milli...

12 October, 2016 | More »

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