Competition and Industry News
Ecommerce, global protectionism to be discussed at G20 trade ministers’ meetedit
Commerce and Industry Minister Piyush Goyal will represent India at the meeting of G20, which is a grouping of developed and developing nations. Matters that are hindering the functioning of the World Trade Organization (WTO) may also come up in the ministerial meeting on trade and digital economy. The ecommerce issue assumes significance as certain developed countries want to negotiate an agreement at the WTO. India is of the view that it should be discussed only after having a consensus on the issue.
Publication: YourStory
Date: June 5, 2019
E-commerceOnline Furniture Brands Witness a Rise in EMI-Based Paymentsedit
Several top executives of online furniture brands have said that more people are opting for EMI based payments to shop for furniture online. For the financial year 2019, EMI purchases account for the rise of 19% sales which is a growth of 3% from FY18 and an increment of 8% over the last couple of years, revealed Ambareesh Murty, CEO of Pepperfry.
Publication: Big Time Daily
Date: June 4, 2019
PepperfryWalmart faces major India test over Flipkart’s legal spat with startupedit
An Indian startup’s legal challenge against a Walmart unit claiming losses caused by sharp discounting of its products is winning support from other online sellers, in what is shaping as a key test of how the giant retailer operates in the country.
Publication: Livemint
Date: June 4, 2019
E-commerceFlipkartThe four biggest mistakes eCommerce entrepreneurs are guilty of – and how to avoid themedit
The eCommerce market has been on a steady upward trajectory for nearly a decade, and it’s showing no signs of slowing down. By next year, the online global retail market is expected to reach an all-time high of $4.9 billion, which is more than double what it held just three years ago. One reason why the eCommerce market is so incredibly large is because it now just takes a few clicks for any entrepreneur with a great business idea to launch an online company.
Publication: Marketing Tech
Date: June 4, 2019
E-commerce