INDIA > USA based Swych is set to acquire India based Gift Cards India

swych Founded in 2015 by Indian American Deepak Jain, Swych Inc. is a mobile gifting platform which is set to acquire India based Gift Cards India. Firoz Khan and Cory York are the founders of Gift Cards India which was founded in 2011 and has been operating successfully as a gift cards business serving millions of customers, enterprises, loyalty platforms and More …

CHINA > US based Walmart and China based JD.com are set to invest $500 million in Chinese online grocery delivery company Dada-JD Daojia

Walmart logo US based Walmart and China based JD.com are set to invest $500 million in Chinese online grocery delivery company Dada-JD Daojia, the company formed through the merger between JD Daojia and Dada Nexus. JD Daojia is JD.com’s online to offline business while Dada Nexus is a large crowd sourcing delivery platform in China which has operations in more than 400 More …

SINGAPORE > Indonesia based Go-jek is set to expand to Singapore

go jek logo Micheql Reza, vice president of corporate communications of Go-Jek Indonesia, said that Go-Jek would expand to Singapore but however didn’t reveal the details of the expansion. He added: “This year for sure, but we cannot reveal more details.” Nadiem Makarim, Go-Jek CEO-cum-founder, also commented on Go-Jek’s expansion in Vietnam and Thailand by establishing two local companies which is also the companies first More …

TURKEY > China based Alibaba is set to make strategic investment in Turkey based Trendyol

alibaba logo The world’s largest online and mobile commerce company, Alibaba Group has entered an agreement with Turkey’s leading e- commerce platform Trendyol in which Alibaba will invest into the company as well as acquire shares from existing investors. Marking the largest internet sector transaction in Turkey to date, according to the agreement Trendyol and Alibaba will cooperate to accelerate Trendyol’s growth More …

INDIA > USA based eBay is set to sell its Flipkart stake for $1.1 billion and is planning to relaunch in India

ebay logo A year after getting acquired by e-commerce giant Flipkart, eBay India is set to sells its stake in Flipkart for tentatively $1.1 billion. eBay is focusing rather to relaunch in India initially concentrating on cross border trade opportunity. The announcement came after Walmart’s announcement to buy 77% in Flipkart for $16 billion valuing Flipkart at approximately $20 billion. According to More …

INDIA > USA based Walmart is set to buy Indian’s leading online retailer Flipkart for $16 billion for a controlling stake of 77%

Walmart logo To access a market Walmart has been trying  for years, USA based Walmart  is set to invest $16 billion to acquire a controlling stake of 77% in Indian online retailer Flipkart. Walmart had been restricted by local regulations to operate wholesale outlets in India. According to Walmart CEO Doug McMillon: “India is one of the most attractive retail markets in More …

UK > Canada based Optimal Payments Plc. is set to acquire London based Skrill for €1.1 billion (US$1.3 billion)

Optimal Payments logo A global provider of online and mobile payment processing services, Optimal Payments Plc., is set to acquire Skrill Group. Skrill Group is a subsidiary CVC Funds and other shareholder and Optimal is set to acquire Skrill for approximately €1.1 billion (US$ 1.3 billion). Skrill is one of the leading digital payment of Europe business that provide digital wallet solutions and More …

PORTUGAL > Belgium based C&A launches its e-commerce business in additional eleven countries in Europe namely Croatia, Portugal, Romania, Slovakia,Hungary, Finland, Greece, Czech Republic, Denmark, Slovenia and Sweden

C&A logo C&A strengthens its focus on the e- commerce business by offering English language European shop with consistent prices, single currency and standardized offer. With the addition of Croatia, Portugal, Hungary, Romania, Slovakia, Finland, Greece, Czech Republic, Denmark,  Slovenia and Sweden the total range of the e-commerce site has reached 20 countries. According to Dr. Andreas Hammer, Director E-Commerce Europe: “This additional More …