Consumer Economy

Business units of Alibaba and JD.com, as well as e-commerce start-up Meicai, have initiated temporary staff recruitment programmes.

A merger could pose a significant threat to regional counterparts Lazada and Shopee.

Taobao and other e-commerce platforms have recently focused on direct-to-consumer selling.

FirstCry will use the money to expand its physical presence and compete with e-tailers such as Amazon India and Flipkart.

The new 1% tax will be implemented from April 2020.

The company is executing its plans for omni-channel retail.

While it let go of 56 Indian employees, it also shut down one of Flipkart’s fashion unit, Jabong last year.

Walmart India owns and operates 28 Best Price Modern Wholesale stores and three fulfillment centers.