Ecommerce in Belgium: €10.67 billion in 2018

Ecommerce in Belgium was worth 10.67 billion euros in 2018. That’s an increase of almost 6 percent compared to the situation one year before. Belgian consumers have not only spent more money online, they also shopped more often: last year, the average Belgian shopper bought something online over 11 times. In 2017, the average number... Continue Reading →

PayPal to invest USD 750 mln into ecommerce company MercadoLibre

PayPal has announced it will make a USD 750 million investment through the purchase of common stock in Argentina-based ecommerce company MercadoLibre. The deal is part of MercadoLibre's intention to offer approximately USD 1 billion of common stock. MercadoLibre also intends to grant the underwriters a thirty-day option to purchase up to USD 150 million of additional... Continue Reading →

Johnny Rockets is coming back in India

Mumbai: American burger chain Johnny Rockets is re-entering India through a franchise agreement with FranGlobal, nearly a year after the retrothemed diner shuttered its stores due to inadequate support for its growth plan. The California-based company had opened its first India outlet in Delhi in 2013 through franchisee firm Prime Gourmet. It expanded to six outlets but couldn’t take... Continue Reading →

Shö is still in the red

In April 2017, Austrian Post started with its own online marketplace, called Shö The idea was to launch a local alternative to major international marketplaces such as Amazon and eBay. Now there are about 500 vendors that sell their products on the online platform. According to Georg Pölzl, CEO of Österreichische Post, the portal receives a... Continue Reading →

Amazon India ties up with Kudumbashree

Kochi: Amazon India has signed an MoU with Kudumbashree, a poverty eradication and women empowerment programme implemented by Kerala government as part of its programme- Amazon Saheli. Through this partnership, Amazon India will support, train and empower women entrepreneurs associated with the organization and provide a marketplace for them to showcase their products to Amazon customers across the country. Kudumbashree is one of... Continue Reading →

Online pharma sales in India to hit 25,000cr in 4 years

MUMBAI: The domestic epharmacy market is poised to touch Rs 25,000 crore by 2022, at a robust CAGR of 63%, buoyed by an increased access of medicines to a majority of under-served population, longterm drug compliance for chronic conditions, and rising internet penetration. Online sale of medicines, now at Rs 3,500 crore, could account for... Continue Reading →

Emaar Malls pays Dh475.5m for remaining 49% of Namshi

Dubai: Reinforcing its online presence, Emaar Malls has paid Dh475.5 million to raise its ownership in Namshi, the fashion portal, from 51 per cent to 100 per cent. The payment was made to Global Fashion Group, which had initially sold the 51 per cent stake in 2017. Emaar Malls holds assets such as The Dubai... Continue Reading →

Zomato delists 5,000 restaurants in Feb for failing to meet hygiene standards

Zomato CEO (Food Delivery Business) Mohit Gupta said: "We are adding 400 restaurants to our platform every day. So, it is crucial that our restaurant partners are compliant with regulations and hygiene standards." New Delhi: Online restaurant guide and food ordering firm Zomato Friday said it has delisted over 5,000 restaurants in February for non-compliance with the... Continue Reading →

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