Rocket Internet’s Zalora said to be exiting Indonesia after selling Philippines’ ops

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Zalora sold its businesses in Vietnam and Thailand last year

Image from Zalora website.

Ayala forays into e-commerce, buys Zalora Philippines

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The deal follows Ayala’s investment in ePharmacy startup Wellbridge Health.


India: Snapdeal to cut 600 staff, founders forego salary

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Snapdeal was valued at $6.5 billion after a fund-raising last year.


India: Snapdeal’s Kunal Bahl admits to mistakes, to take 100% salary cut

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Last year, Snapdeal’s founders drew total compensation of about Rs40 crore each.


India: Myntra to invest in 15-20 brands with Brand Accelerator programme

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Flipkart-owned fashion retailer Myntra plans to invest in and forge strategic partnerships with at least 15-20 local fashion brands as part of its new accelerator programme and is simultaneously looking to bring more international brands to its marketplace this year, a top company executive said. Myntra, which launched its Brand… Read more »


A fact sheet on BharatQR code, India’s seamless digital payments solution

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The launch will change the way retail payments are conducted digitally


ADB, Kiu launch e-commerce platform for Vietnamese SMEs

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The platform would initially cover Vietnam and Cambodia.


India: Reliance’s Jio hails Uber ride in payments battle

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Uber users in India, who until now had Chinese Internet giant Alibaba-backed PayTM as the only payment wallet option available to book a ride, will now be able to pay through Reliance Jio Infocomm’s Jio Money. Reliance said on Monday it had struck a partnership with Uber Technologies Inc which… Read more »


India: Paytm plans $89.5m investment to expand QR code payment system

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Online payments firm Paytm, run by One97 Communications Pvt. Ltd, will invest Rs600 crore over the next 10 months to expand its QR code-based payment network, the company said on Monday. Noida-based Paytm said it is aiming to add 10 million merchants enabled with these codes across 650 districts by… Read more »


As online growth slows Alibaba extends bricks-and mortar retail push with Bailian deal

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Chinese tech giant Alibaba Group Holding Ltd has formed a strategic partnership with retail conglomerate Bailian Group, extending a push into bricks-and-mortar retail as online growth slows. The move comes on the heels of a recent purchase of a stake in retailer Suning Commerce Group Co Ltd as well as… Read more »