Tag Archives: Paytm

Amazon’s New Nemesis: Softbank Pouring Billions Into Each Flipkart, Snapdeal AND Paytm

We talked yesterday about Softbank emerging as the biggest e-commerce investor worldwide. SoftBank and its equity fund for tech investments, Vision Fund, have just now invested $2.5 billion into Flipkart. Economic Times: SoftBank, the world’s largest technology investment firm, has bought a fifth of India’s most valuable startup – Flipkart — for a mammoth $2.5 […]

WeChat Pay

Alibaba’s Alipay Is Under Fire from Tencent’s WeChat Pay in China

Never underestimate the power of mobile messaging. In China, Tencent’s WeChat is starting to threaten Alipay, Alibaba’s payment arm. WeChat has 883 million monthly active users worldwide. The messaging app added a payment function in 2013. Naturally, not all WeChat users use the app for payments. The Information (paywall): Tencent said its payment business had […]

Fight For India: Alibaba Goes Paytm, Snapdeal Cuts Costs, Flipkart Cuts Merchant Fees

The biggest news from India over the last couple of days has been Paytm getting $200 million from Alibaba and SAIF Partners. Reuters: Alibaba.com Singapore E-Commerce Pvt Ltd picked up a 36.31 percent stake in Paytm E-Commerce for investing $177 million, according to a regulatory filing by the Indian company that runs an online marketplace. […]

Fight for India: Flipkart is Planning Private Labels While Still Ahead of Amazon And More

Tech in Asia: India’s Flipkart launched its first self-branded products, dubbed Flipkart Smart Buy, in December, focusing on phone chargers and data cables.+ The aim is to gain higher margins for the Amazon arch-rival, which in turn could help with profitability. Internally codenamed Project Ice, Sachin is planning to make self-branded items in more than […]

The Indian E-Commerce Market Is On Fire

‘Tech In Asia’ looks at the Indian e-commerce market and lists the 15 top-funded ecommerce startups in India this year: Ecommerce accounted for nearly half of the US$6.4 billion of funding in Indian startups in the first three quarters of 2015. It continues last year’s trend when India had its first billion dollar funding round […]