India is developing a strategic plan to establish over 50 e-commerce export hubs, aiming to boost its exports to $100 billion. This initiative seeks to leverage the digital landscape to promote Indian products globally.
Results for: E-commerce
Zomato and Blinkit, two companies under the same umbrella, engaged in lighthearted banter on social media, celebrating the Indian festival of Raksha Bandhan with a playful take on their relationship. The interaction showcased the companies’ ability to leverage trending events for marketing, highlighting the strong bond between Zomato and its subsidiary, Blinkit. Meanwhile, Blinkit celebrated a successful Raksha Bandhan eve with record sales and orders, offering a glimpse into the growing popularity of its quick delivery services.
JD.com, Inc. (NASDAQ: JD) reported strong second-quarter 2024 results, exceeding analyst expectations for both revenue and earnings. Revenue grew by 1.2% year-over-year to $40.098 billion, while adjusted net income per ADS reached $1.29, exceeding forecasts. The company’s focus on price competitiveness and supply chain efficiency, along with its growing economies of scale, contributed to its strong performance.
Alibaba Group Holding Limited (BABA) saw a slight revenue increase in its fiscal first quarter, but fell short of analyst expectations. The company faces intense competition within China’s weakening economy. While its international commerce and cloud businesses showed growth, domestic revenue was impacted by a decline in retail sales.
Sea Limited reported a strong second quarter with revenue exceeding analyst expectations, driven by growth in e-commerce and digital financial services. Shopee, Sea’s e-commerce platform, is projected to become EBITDA positive in the third quarter and achieve mid-20% full-year GMV growth.
Manish Tiwary, Country Manager for Amazon India, has resigned after spending 8.4 years with the company. He will be joining another company, Moneycontrol reported. Tiwary joined Amazon in 2016 and played a key role in establishing Amazon.in as a leading marketplace in India.
CashKaro, a leading cashback and coupon platform in India, was founded by Swati and Rohan Bhargava, a couple who turned their honeymoon savings into a business opportunity. Their journey, from a UK-based startup to a major player in the Indian market, showcases the power of innovation and entrepreneurship, earning them significant funding and impressive revenue milestones.
While Amazon Prime Day promises “epic deals” on various products, social media users are questioning the depth of the discounts. Some shared screenshots of seemingly insignificant price reductions, raising concerns about the legitimacy of the deals. However, Amazon claims to use complex algorithms to determine discount rates, and significant savings are still available in various categories.
India’s digital payments are set to skyrocket, reaching $7 trillion by 2030, according to a joint study by Kearney and Amazon Pay. This growth is fueled by the widespread adoption of the Unified Payment Interface (UPI), which has seen a 138% surge in transactions from 2018 to 2024. The study highlights the increasing preference for digital payments across various demographics, from wealthy buyers to street vendors, driving the transformation of India’s financial landscape.
The global mailer packaging market is experiencing rapid growth, driven by the surge in e-commerce and a rising demand for sustainable packaging solutions. This report explores the key factors driving market expansion, including the increasing preference for eco-friendly materials, the need for convenient and safe shipping solutions, and the rise of new packaging technologies.