Overseas firms including Dutch pension fund manager APG and US buyout group Warburg Pincus are looking to invest in India`s warehouses, hoping to cash in on demand for modern and efficient storage space from booming online retailers.
Yahoo Inc is weighing a sale of its core Internet business and will not sell its stake in Chinese e-commerce firm Alibaba Group Holding Ltd, CNBC reported, with an announcement coming as soon Wednesday.
E-commerce market is likely to grow ten-fold in next five years to reach USD 100 billion on the back of increasing penetration of Internet, smartphones and spread of digital network in rural areas, DIPP Secretary Amitabh Kant said Tuesday.
E-commerce giant Alibaba said Thursday that Chinese and international consumers spent more than $14 billion in the world’s biggest online shopping day, as it sought to soothe worries over China’s slowing economy.
Delivering keynote address at 'Future Unleashed: Accelerating India,' which is Microsoft's largest ever customer conference in the country, Hyderabad-born Nadella also announced new partnerships with e-commerce leaders such as Justdial, Paytm and Snapdeal.