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ED Said to be Quizzing Apple, Xiaomi in E-Commerce Probe on Amazon, Flipkart
ED, which probes economic crimes, has been investigating Amazon and Flipkart for years for allegedly breaching laws by stocking and exerting control over goods they list online. The agency, in recent weeks wrote to smartphone companies, including Apple and Xiaomi, to get data related to their online sales.
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Walmart-Backed Flipkart to Shift Base Back to India from Singapore
Flipkart will shift its holding company from Singapore to India as its parent Walmart aims to take the 17-year-old company public. Walmart is looking to list Flipkart and PhonePe in India over the next couple of years, Dan Bartlett, Walmart's executive vice president for corporate affairs, told Reuters last year.
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Anti-Trust Body Recalls Probe Into Flipkart's Competition Law Breach: Report
India's antitrust body has recalled its investigation report into competition law breaches by e-commerce giant Walmart's Flipkart, a document shows, the second such move after a report on Apple was revoked in August.
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Online Sellers on Walmart's Flipkart Sue Competition Commission of India Over Antitrust Probe
Three of Flipkart sellers - CIGFIL Retail, Wishery Online, Xonique Ventures have sued the Competition Commission of India (CCI) over an investigation which found they, Flipkart and rival Amazon breached competition laws. Flipkart and the CCI did not immediately respond to a request for comment.
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Xiaomi Seeks Recall Of Controversial Antitrust Report On Flipkart From India
China's Xiaomi has asked India's antitrust body to recall its report that found the company and Walmart's Flipkart breached competition laws, arguing it contains commercial secrets, two people familiar with the matter said.
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Samsung, Xiaomi Accused Of Collusion With Amazon, Flipkart: Report
Samsung, Xiaomi and other smartphone companies colluded with Amazon and Walmart's Flipkart to exclusively launch products on the e-commerce firms' Indian websites in breach of antitrust laws, according to regulatory reports seen by Reuters.
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CCI Accuses Samsung, Xiaomi of Colluding With Amazon and Flipkart
Samsung, Xiaomi and other smartphone manufacturers have been accused of colluding with Amazon and Walmart's Flipkart for exclusive product launches on their Indian e-commerce platforms, violating antitrust laws, as per regulatory reports from the Competition Commission of India. The involvement of smartphone manufacturers such as Samsung and Xiaomi...
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Flipkart, PhonePe IPO May Take Couple of Years, Says Walmart Executive
Initial public offerings of Walmart's Flipkart marketplace and PhonePe digital payments platform could take a couple of years, a Walmart executive said. Walmart may put an initial public offering of PhonePe ahead of Flipkart, even though Flipkart is a more mature business.
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Google Said to Invest $350 Million in Flipkart, Valuing Firm at $37 Billion
Google will invest $350 million in Walmart-backed Flipkart, and pick up a minority stake in the e-commerce firm. The latest funding round, led by biggest shareholder Walmart, values the firm at $37 billion. Flipkart said in a statement that Google will join in as an investor in the latest funding round for the Bengaluru-based company.
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Google To Buy Stake In Flipkart In Walmart-Led Funding Round
Flipkart today announced to add Google as a minority investor in the e-commerce platform as part of the latest funding round led by Walmart.
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Flipkart in Talks to Buy Reliance-Backed Dunzo: Report
Walmart-backed Indian e-commerce firm Flipkart has held discussions over potentially acquiring the on-demand delivery platform Dunzo, TechCrunch reported on Tuesday, citing three people familiar with the matter.
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Amazon, Flipkart Festival Season Spurs Online Shopping Spree in India
Run off their virtual feet at the start of India's festival season, e-commerce companies like Amazon and Walmart owned Flipkart are looking forward to a potentially record breaking few weeks. Any lingering fears that inflation and higher interest rates would dampen consumers' spirit in Asia's third largest economy, are being rapidly dispelled.
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Meesho Posts First-Ever Profit, Plans IPO in 12 to 18 Months
Indian e-commerce startup Meesho has posted its first-ever profit and is targeting a stock market listing in the next 12-18 months, a senior company executive said in an interview. Meesho competes with Amazon and Walmart's Flipkart in India's fast-growing e-commerce market, with its website becoming popular by targeting smaller towns and cities...
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Walmart Buys Out Tiger Global’s Stake in Flipkart for $1.4 Billion: Report
Walmart has paid $1.4 billion to buy out hedge fund Tiger Global's investment in e-commerce firm Flipkart, the Wall Street Journal reported on Sunday, citing a letter by the hedge-fund to its investors.
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Xiaomi Plans to Boost Smartphone Sale in India as Samsung Struggles
China's Xiaomi will focus on boosting its India sales from retail outlets after years of big bets on e-commerce, its India president said, as the company seeks to revive smartphone sales after falling behind South Korea's Samsung. 44 percent of India's smartphones sales are now online.
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ED Said to be Quizzing Apple, Xiaomi in E-Commerce Probe on Amazon, Flipkart
ED, which probes economic crimes, has been investigating Amazon and Flipkart for years for allegedly breaching laws by stocking and exerting control over goods they list online. The agency, in recent weeks wrote to smartphone companies, including Apple and Xiaomi, to get data related to their online sales.
-
Walmart-Backed Flipkart to Shift Base Back to India from Singapore
Flipkart will shift its holding company from Singapore to India as its parent Walmart aims to take the 17-year-old company public. Walmart is looking to list Flipkart and PhonePe in India over the next couple of years, Dan Bartlett, Walmart's executive vice president for corporate affairs, told Reuters last year.
-
Anti-Trust Body Recalls Probe Into Flipkart's Competition Law Breach: Report
India's antitrust body has recalled its investigation report into competition law breaches by e-commerce giant Walmart's Flipkart, a document shows, the second such move after a report on Apple was revoked in August.
-
Online Sellers on Walmart's Flipkart Sue Competition Commission of India Over Antitrust Probe
Three of Flipkart sellers - CIGFIL Retail, Wishery Online, Xonique Ventures have sued the Competition Commission of India (CCI) over an investigation which found they, Flipkart and rival Amazon breached competition laws. Flipkart and the CCI did not immediately respond to a request for comment.
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Xiaomi Seeks Recall Of Controversial Antitrust Report On Flipkart From India
China's Xiaomi has asked India's antitrust body to recall its report that found the company and Walmart's Flipkart breached competition laws, arguing it contains commercial secrets, two people familiar with the matter said.
-
Samsung, Xiaomi Accused Of Collusion With Amazon, Flipkart: Report
Samsung, Xiaomi and other smartphone companies colluded with Amazon and Walmart's Flipkart to exclusively launch products on the e-commerce firms' Indian websites in breach of antitrust laws, according to regulatory reports seen by Reuters.
-
CCI Accuses Samsung, Xiaomi of Colluding With Amazon and Flipkart
Samsung, Xiaomi and other smartphone manufacturers have been accused of colluding with Amazon and Walmart's Flipkart for exclusive product launches on their Indian e-commerce platforms, violating antitrust laws, as per regulatory reports from the Competition Commission of India. The involvement of smartphone manufacturers such as Samsung and Xiaomi...
-
Flipkart, PhonePe IPO May Take Couple of Years, Says Walmart Executive
Initial public offerings of Walmart's Flipkart marketplace and PhonePe digital payments platform could take a couple of years, a Walmart executive said. Walmart may put an initial public offering of PhonePe ahead of Flipkart, even though Flipkart is a more mature business.
-
Google Said to Invest $350 Million in Flipkart, Valuing Firm at $37 Billion
Google will invest $350 million in Walmart-backed Flipkart, and pick up a minority stake in the e-commerce firm. The latest funding round, led by biggest shareholder Walmart, values the firm at $37 billion. Flipkart said in a statement that Google will join in as an investor in the latest funding round for the Bengaluru-based company.
-
Google To Buy Stake In Flipkart In Walmart-Led Funding Round
Flipkart today announced to add Google as a minority investor in the e-commerce platform as part of the latest funding round led by Walmart.
-
Flipkart in Talks to Buy Reliance-Backed Dunzo: Report
Walmart-backed Indian e-commerce firm Flipkart has held discussions over potentially acquiring the on-demand delivery platform Dunzo, TechCrunch reported on Tuesday, citing three people familiar with the matter.
-
Amazon, Flipkart Festival Season Spurs Online Shopping Spree in India
Run off their virtual feet at the start of India's festival season, e-commerce companies like Amazon and Walmart owned Flipkart are looking forward to a potentially record breaking few weeks. Any lingering fears that inflation and higher interest rates would dampen consumers' spirit in Asia's third largest economy, are being rapidly dispelled.
-
Meesho Posts First-Ever Profit, Plans IPO in 12 to 18 Months
Indian e-commerce startup Meesho has posted its first-ever profit and is targeting a stock market listing in the next 12-18 months, a senior company executive said in an interview. Meesho competes with Amazon and Walmart's Flipkart in India's fast-growing e-commerce market, with its website becoming popular by targeting smaller towns and cities...
-
Walmart Buys Out Tiger Global’s Stake in Flipkart for $1.4 Billion: Report
Walmart has paid $1.4 billion to buy out hedge fund Tiger Global's investment in e-commerce firm Flipkart, the Wall Street Journal reported on Sunday, citing a letter by the hedge-fund to its investors.
-
Xiaomi Plans to Boost Smartphone Sale in India as Samsung Struggles
China's Xiaomi will focus on boosting its India sales from retail outlets after years of big bets on e-commerce, its India president said, as the company seeks to revive smartphone sales after falling behind South Korea's Samsung. 44 percent of India's smartphones sales are now online.
