E-commerce enabler platform GoKwik eyes 10,000 digital brands by 2023

GoKwik, which is India’s largest e-commerce enabler start-up, expects to onboard over 10,000 digital-first brands and ecommerce players on its platform by 2023 – a huge jump from around 500 brands that are currently part of the platform.  Currently, well-known brands like Limeroad, Mama Earth, Man Matters, Boat, The Man Company, Neemans, Lenskart, Shoppers Stop … Read more

E-comm firms sale grew 25% to Rs 76,000 crore during festive season YoY basis, as per Redseer

E-commerce platforms sold goods worth Rs 76,000 crore during the festive season sale in October, registering about 25 per cent year-on-year growth, market research firm Redseer Strategy Consultants said on Thursday. While Redseer did not disclose the performance of various platforms, the firm’s Partner Ujjawal Chaudhry said that the overall performance of the e-commerce companies … Read more

Alibaba and JD.com Stocks Are Rising. Don’t Thank Singles Day Sales Results.

Alibaba and JD.com stocks were rising on Monday, but the price action didn’t seem to be driven by sales results from the closely-watched annual Singles Day event. Alibaba (ticker: BABA) was up 2.5% in U.S. premarket trading, with shares in e-commerce peer JD.com (JD) gaining 3.5%, beating out futures tracking both the S&P 500 index … Read more

Amazon Has Lost $1 Trillion in Market Cap. Ouch.

Amazon.com has now lost more than $1 trillion in market capitalization, the most ever by a U.S. company and the first time one company has shed that much market value. It’s a painful reminder to investors that valuation multiples change dramatically in bear markets. Amazon (AMZN) shares hit a new 52-week low on Wednesday, closing … Read more

Amazon misses on holiday forecast and cloud growth, profit; stock plunges 20%

Amazon.com Inc. predicted Thursday that holiday sales and profit would come in well lower than analysts expected as cloud growth slowed and AWS profit missed expectations by nearly $1 billion, sending shares south in after-hours trading. Amazon AMZN, -4.06% reported third-quarter profit of $2.87 billion, or 28 cents a share, down from 31 cents a … Read more

Opinion: Facebook and Google grew into tech titans by ignoring Wall Street. Now it could lead to their downfall

Alphabet Inc. and Meta Platforms Inc. became two of the most valuable companies in the world by largely ignoring Wall Street and its concerns about their spending and big-money acquisitions. Now, in the thick of a slowdown in ad spending and with a potential recession looming, Wall Street is sending obvious signals that the parent … Read more

Chinese Stocks Are a Screaming Bargain. Don’t Buy Them.

Another brutal selloff for China’s tech champions presents U.S. investors with a dangerous bargain. Shares like Alibaba are deeply discounted compared with their U.S. counterparts. But “shares” might be the wrong word to describe them. Cryptostock, perhaps. Gains depend on a form of economic make-believe that’s becoming increasingly difficult to buy into.  Two years ago, … Read more

India Inc. gave out a 10-year high average salary hike of 10.6% in 2022, higher than many developed countries

It’s been a great year for India Inc employees as they earned a 10-year high average salary hike of 10.6 per cent in 2022 and they are projected to get an average 10.4 per cent raise in 2023, making it two consecutive years of double-digit salary growth for the workforce, according to Aon India’s 27th … Read more

Order volume rises 28% in first 2 days of online festival sales

E-commerce companies like Amazon, Flipkart, and Meesho have reported significant jump in order volumes, as overall e-commerce saw 28 per cent order volume growth in the first two days of 2022 festival sale (September 23& 24)  compared with first two days of the festival sale of 2021 (October 3&4). Unicommerce, a SaaS platform for post-purchase … Read more

Why Alibaba, Other China Tech Stocks Are an Exception to Goldman Sachs’ Outlook

Text size Alibaba and other Chinese tech stocks have been battered since the beginning of last year. Qilai Shen/Bloomberg Chinese tech stocks have taken a beating since many hit all-time highs in early 2021, and the picture hasn’t improved much in 2022. That may be a compelling reason to at least take a new look … Read more