E-commerce

Pinduoduo reached 536.3 million active buyers, up 39% year-on-year.

This represents the largest funding round for the company to date.

Combined sales of Amazon India and Flipkart during the festive season sale amounted to USD 4.3 billion.

Part of the company’s efforts to reframe Pinduoduo as a marketplace for branded merchandise.

By empowering agents or small kiosks, tech players including e-commerce firms are helping bridge the formal and informal economies.

In its earnings report, Walmart said inclusion of Flipkart negatively affected its operating income.

Meesho, Bulbul, EkAnek and HappyShappy are contending for greater video commerce market share in India.

Another battlefield for these two Chinese e-commerce giants.