E Commerce News

According to techARC, The revenue contributions will be led by the premium smartphone segment (Rs 25,000-Rs 50,000), contributing 51.7 per cent of the total revenues during the quarter. Despite acute chip shortage, smartphone brands have managed to sell record handsets during the India festive week, making mobiles the strongest and most-loved category once again across ecommerce platforms. Xiaomi India sold over 20 lakh smartphones in five days of the festive sale across channels.

Driven by consumers in tier 2 and 3 cities, online retailers in India are set to generate about $9.2 billion in sales during the 2021 festive month. Around 75 million online buyers are set to participate during this festive season, of which 50 million will come from tier-2 cities and beyond. Flipkart said it saw a 40 per cent growth in early access for Flipkart Plus customers as compared to last year, as flipkart kicked off 8th edition of 'The Big Billion Days' (TBBD) festive sales.

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The world largest retailer's shares closed down 16 cents, or 0.2%, at $87.51, after earlier falling as much as 2%.

LeEco has partnered Snapdeal and Amazon to sell its products on the two eCommerce platforms from October, a move that will help the Chinese tech major further strengthen its online sales in India.

Snapdeal on Monday announced its entry into online services segment like flight and bus ticket bookings, hotel reservations and food ordering, becoming the first e-commerce marketplace to introduce services.

Here is a way by which you can avail higher interest rates on bank savings than what is being offered in the market right now.

Mobile payments firm Paytm today said it will increase seller base on its online marketplace multi-fold to 500,000 by the end of next financial year