There will be cause for celebration at Amazon India this month, with the online retail giant getting a green light for an online grocery business on the subcontinent – population 1.3bn – as well as investing fresh capital into its payment arm.
India’s online retailer Flipkart is going to buy its rival Snapdeal in a takeover offer of up to $950m, now that Snapdeal’s board has accepted it.
US president Donald Trump has used Twitter to attack e-commerce giant Amazon for not paying internet taxes.
China’s second-biggest e-commerce firm, JD.com – not to be confused with the UK sports retailer, has announced a new investment in the luxury online retailer Farfetch in a $397m deal.
Walmart, the world’s largest company by revenue, will buy men’s fashion retailer Bonobos for $310m.
E-commerce giant Amazon said on Friday that it had agreed to buy Whole Foods, the upmarket grocery chain in a $13.7bn (£10.7bn) deal.
Walmart, the world’s largest brick and mortar store, is buying up e-commerce companies to compete with major rival, Amazon.
E-commerce is already huge and still growing fast.
The rise of value fashion and e-commerce retailers has caused major damage to the clothing mid-market.
India and China are economic rivals in Asia.
Despite his humble beginnings, Wang Wei, the 46-year-old owner of SF Express, became the country’s third richest man on Tuesday, after his company made its debut on the Shenzhen Stock Exchange.